Mark Cuban and Elon Musk are two of the world’s most famous billionaires — and recently, the “Shark Tank” shark and the brash and outspoken Tesla boss have found themselves publicly at odds.
Musk has emerged as one of Donald Trump‘s most prominent political surrogates, while Cuban has endorsed Kamala Harris. When Cuban said he’d buy Musk’s X social media platform “in a heartbeat” if he had the money, Musk mocked him with a laughing emoji.
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But one thing that unites the two adversarial one-percenters is their longtime advocacy for and ownership of cryptocurrency. Furthermore, both are looking very seriously at a token that started as a joke.
Dogecoin: From Meme to Money
Software engineers Billy Markus and Jackson Palmer created the cryptocurrency Dogecoin (DOGE) in 2013. They did so to lampoon the wild crypto speculation that dominated the market at that time by harnessing the satirical power of the meme culture that ruled early-2010s internet culture.
However, after more than a decade in the cryptomarket newsheadlines, the open-source, p2p meme coin is no longer a laughing matter — at least not for Cuban and Musk.
Its price history has been riddled with the same stomach-churning volatility that investors have come to expect from crypto, hitting a five-year low of $0.0015 and a five-year high of $0.68 before settling at today’s price of around $0.10 per token.
However, no matter what you might think of Dogecoin as a long-term or speculative investment, the meme coin has matured into one of the most utilitarian digital tokens on the market. And, its potential as a legitimately useful real-world alternative currency has caught the attention of two of the three-comma club’s most famous members.
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Merchants Are Taking a Joke Coin Seriously
Bloomberg recently chronicled the rise of Dogecoin as the go-to cryptocurrency for businesses looking to accept digital tokens for real-world payments. But why would everyone from Williamsburg Pizza in Brooklyn to University Sports Grill in Tempe, Arizona, choose a silly satirical coin over an established…
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