Dogecoin
and different “meme” cryptocurrencies are seeing a growth on the again of Elon Musk’s takeover of Twitter. The tokens could also be poised for extra short-term features, but it surely’s doubtless {that a} crash is coming.
Memecoins are cryptos that have been initially launched as references to internet jokes versus vital blockchain tasks like
Bitcoin
Dogecoin is itself a reference to a meme involving a
Shiba Inu
canine, and quite a lot of different tokens—including one called Shiba Inu—have been spun off of the idea. They’re additionally inextricably linked to Elon Musk.