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Dog coin DOGecoin was born on December 12, 2013 by Australian brand and marketing expert Jackson Palmer and programmer Palmer in Portland, Oregon. Dogecoin is based on the Scrypt algorithm and the transaction process is more convenient than Bitcoin.

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Last week's latest wave was nothing more than a strong recovery in dog money (DOGE). DOGE rose more than 50% in a single day due to calls from users on the overseas version of the platform to buy DOGE and the video was widely distributed

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He referred to the "former CEO" as Tesla CEO Elon Musk. "Dogecoin is probably my favorite cryptocurrencies," Musk said in a tweet last April. He later changed his profile to Dogecoin CEO and immediately to Dogecoin's "former" CEO.