Elon Musk's enthusiasm for Dogecoin, initially created as a joke in 2013, has significantly influenced its popularity and value. His interest began in 2018 when he interacted with Dogecoin's original developers to tackle scams involving fake accounts. Musk's public endorsement in 2019, calling Dogecoin his favorite cryptocurrency, sparked a surge in its market cap. The subsequent bull run in 2021 further propelled Dogecoin, with Musk dubbing himself the 'Dogefather' prior to an underwhelming appearance on Saturday Night Live, which did impact its price. Later developments included Tesla accepting Dogecoin for merchandise and hints of integrating it within Twitter's payment systems. In recent months, following Musk's support for Donald Trump's campaign, Dogecoin's price saw another boost, especially when Musk was humorously suggested to lead a government agency named DOGE. Although the price has seen fluctuations, Musk’s lighthearted approach to Dogecoin remains, emphasizing its meme status rather than its technological utility.

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