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Arstechnica

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Image Credit: Arstechnica

Elon Musk fans truly believe he can make Dogecoin the currency of Earth

  • Despite analysts declaring memecoins dead, Dogecoin remains popular and is expected to become more mainstream in 2025.
  • Most memecoins are controversial due to their volatile nature and sudden price fluctuations triggered by celebrity endorsements.
  • Examples include Donald Trump's memecoin, which saw a rapid rise and fall, and Argentine President Javier Milei endorsing a memecoin called Libra, resulting in a crash.
  • The endorsement by Milei is now being investigated as an alleged 'rug pull' scheme by a federal judge.

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