- The world’s first cryptocurrency meme, Dogecoin, commemorates its birthday – the token appeared specifically eight years earlier.
- The token is based on the Luckycoin cryptocurrency, which is based upon Litecoin, which in turn is based upon Bitcoin The designers of the task are American developers Billy Marcus and Jackson Palmer.
- They desired their token to come to be a statement of belief versus the speculative nature of cryptocurrencies.
The world’s first cryptocurrency meme, Dogecoin, commemorates its birthday – the token appeared specifically eight years earlier. During this time, his course has grown greater than 570 times, he entered the 10 largest in the world, and among the founders rejected the project.
Memcoin was introduced on December 6, 2013. The token is based on the Luckycoin cryptocurrency, which is based upon Litecoin, which in turn is based upon Bitcoin
The Idea behind Dogecoin
The designers of the task are American developers Billy Marcus and Jackson Palmer. They desired their token to come to be a statement of belief versus the speculative nature of cryptocurrencies.
In the very first month, the project site was seen by only a million people. Currently his Twitter page alone has 2.6 million clients. And also 2.2 million have signed up for the equivalent discussion string on the Reddit forum, which at once turned into one of the primary engines of DOGECOIN’s development.
The sign of the cryptocurrency was a photo of a Shiba Inu pet dog called Kabosu from Japan, first published in 2010, however became prominent in 2013. In August 2021, the canine celebrated its 16th birthday celebration.
For many years, an image of Cabosu as well as a number of signatures in “doggy” (deformed English) language has actually become one of the most famous memes online. His appeal is confirmed by the fact that the site Know Your Meme identified Dogecoin as the very best meme of 2013.
Dogecoin’s trip to popularity took five years. At the dawn of its appearance, this cryptocurrency, like numerous others, cost hundredths of a cent per token, yet at the start of 2018 there was a sharp enter its price – as much as $ 0.01, and the marketplace capitalization of the coin went beyond one billion.
In 2021, the American billionaire Elon Musk transformed his interest to this token, that began to discuss it quite often on his Twitter. This more pressed DOGECOIN to expand.
According to Coinmarketcap, since 2013, the price of the initial “crypto pet dog” or Dogecoin has grown by about 57400%, and in May it set an absolute record – $ 0.7376, but since then it has actually lost 76% of its worth. According to the WhiteBIT crypto exchange, since December 7, one token is trading at $ 0.1802.
