BILLY Markus and Jackson Palmer are software engineers who invented Dogecoin in 2013 as a joke.
The value of Dogecoin, a cryptocurrency, has skyrocketed after becoming the target of Reddit traders.
What are the net worths of Billy Markus and Jackson Palmer?
The net worths of Markus and Palmer are not known.
However, Dogecoin was worth about $600 million in 2018, according to Decrypt.
“It was always like a hobby project, like a side project thing,” Palmer told the outlet at the time.
“I made a lot of people rich but I didn’t come away with any money. I get to tell people that I created Dogecoin, which is fun.”
When asked about cryptocurrency, he added: “I think that it’s still an unproven paradigm. A lot of people have this blind faith that it’s the future of everything and I think it’s important to have some skepticism there."
Dogecoin has the image of a Shuba Inu dog as its logo and it has been marketed as the "fun" version of bitcoin.
Two weeks after its launch, the value of it jumped 300 percent after China banned banks from investing in cryptocurrencies, according to Investopedia.
Dogecoin then skyrocketed alongside other cryptos during the bubble that peaked in 2017, and it fell with the rest of them over 2018.
At its height, Dogecoin was trading for $0.018 per coin, according to crypto data firm CoinMarketCap.
THE Financial Conduct Authority (FCA) has warned people about the risks of investing in cryptocurrencies.
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