2021 was the year of the Doge Father, aka Elon Musk. The world’s richest man thoroughly enjoyed himself as he pumped meme coins throughout the year. Here’s a timeline of all things Elon and $DOGE.X. ❤️
Elon first got the meme coin rockin’ on Jan 28 after he posted this satirical Dogue magazine cover on Twitter. Just like that, the coin surged 340% in a day and reached record highs. 🚀
Just a week later, Elon hopped back on his soap box to tweet about how “Dogecoin is the people’s crypto. No need to be a gigachad to own.” In this tweet, Elon emphasized that you don’t need a PhD to profit from cryptocurrencies. $DOGE.X drove up another 42.4% on Feb 9. 🤑
The coin took a much-needed breather from early February until the beginning of April. But things started heating up again as anticipation built prior to Elon’s SNL show. The coin ran up another 90% and broke into all-time highs above $0.50 in the week before Elon’s skit.
After suffering a rough patch through the summer and into fall, Doge rose 19% from the dead on Dec 14 after Tesla’s announcement that the company will accept $DOGE.X as payment for merchandise. 🤭 Elon wasn’t shy in voicing his support of Dogecoin, claiming “[Doge] encourages people to spend, rather than sort of hoard as a store of value” in a comparison to Bitcoin.
Was Doge’s pump entirely reliant on Elon Musk?? Nobody really knows for sure, but there’s no denying the meme coin’s incredible run in 2021. $DOGE.X has gained an astounding 3,522% YTD. Here’s the weekly chart since Jan 2021:
