IN PICS | As Twitter Changes Logo To Doge, Here's How CEO Elon Musk Became 'Dogefather'
As Musk Replaces Twitter Bird To 'Doge', Here How Musk Became 'Dogefather'
Elon Musk has been a long supporter of Dogecoin. Even briefly adopting the informal nickname of “Dogefather,” a term that was coined by fans of Musk and DOGE. [Image Credit: Getty]
After Twitter changed its logo, Dogecoin’s value jumped to the highest since November last year. At the time of writing, Dogecoin was trading at $0.09822, about 24.88 per cent higher than its price 24 hours earlier. [Image Credit: Getty]
On April 2, 2019, Musk first publicly showed support for Dogecoin. A Twitter user @iamhodler tagged Musk in a tweet that said Musk should be appointed as CEO of Dogecoin, he replied, “Dogecoin might be my fav cryptocurrency. It’s pretty cool.” [Image Credit: Twitter/Elon Musk]
Since then, Musk has been constantly sharing memes and suggestions on Dogecoin. Even as going as far as saying, “Dogecoin is the people’s crypto.”
The billionaire entrepreneur has also said that DOGE payments may soon be supported for buying Tesla and SpaceX merchandise. [Image Credit: Twitter/Elon Musk]
Musk solidified his support for Dogecoin when his spacefaring firm, SpaceX, promised to launch the satellite Doge-1 in 2021 and accepted Dogecoin as payment. [Image Credit: Getty]
However, Musk has also faced backlash for supporting the meme-inspired coin. In June 2022, Musk was sued for $258 billion by a Dogecoin (DOGE) investor over an alleged pyramid scheme. [Image Credit: Getty]
One Keith Johnson accused the billionaire entrepreneur of fraudulent business activity for promoting Dogecoin, driving its price up only to then let the value tumble. He called it a Dogecoin Crypto Pyramid Scheme. [Image Credit: Twitter/Elon Musk]