In recent months, Tesla founder Elon Musk has been making jokes about the currency to his large social media following. In one post, Musk called himself the "Dogefather."One analyst thinks that Musk's upcoming debut on Saturday Night Live has also excited Dogecoin followers, with the thought that it could spark another run.
Billionaire investor Mark Cuban also appears to enjoy Dogecoin, saying it's "just fun" and adding that the "joke is now legit." The NBA team that Cuban owns, the Dallas Mavericks, also accepts Dogecoin for payment at its merchandise store. In fact, more than 1,300 merchants now accept Dogecoin for payment.
This kind of promotion from celebrities with large social media followings has given the cryptocurrency lots of publicity across social media as well as coverage by all of the big financial media outlets. Additionally, more and more exchanges are now selling Dogecoin.