Dogecoin was born from the meme Doge, a Shiba dog with a bewildered face. Initially, Dogecoin rallied along with the rise of other cryptocurrencies like Bitcoin and Ethereum. After that, billionaire Elon Musk often tweeted about Dogecoin, causing the price to skyrocket. The US billionaire also once called Dogecoin "favorite cryptocurrency" and "everyone's cryptocurrency".So dogecoin has been around for a long time, even without the support of Elon Musk, dogecoin continues to circulate in the crypto market.