By: Klyde Carpizo
(Image by Rafael Rodriguez)
The Doge coin (Dohj coin) broke record after records new all-time highs this Wednesday at it soars more than 12,000% percent of return for this year to the early investors! This crypto currency was made to be a joke back in 2013 being bases as a “meme coin” based on the popular meme character the “Shiba Inu” which speaks in broken English.
The founders of the legendary meme coin, Jackson Palmer a product manager of company Adobe used the meme dog to create the crypto coin and the website and his partner Billy Markus, a software designer who coded the digital currency which only took him few hours to make. Both made fun on teasing the crypto hype back in 2013 making people invest on things they did not understand.
2021 came, when high profile entrepreneurs like Elon musk and Mark Cuban twitted about Doge coin making fun of it and even making it as a legitimate trading currency for their company (Dallas Mavericks are accepting Doge coins as payments for buying their tickets in the Stadium)
The worth of Doge coin was less than a penny soars up to almost 0.7$ per coin having a market cap of more than $80 billion making it the 4th most valuable crypto currency beating XRP’s Ripple in the chart list.
Why is everyone talking about it?
The only reason why it is widely popular because it is fun and not as serious as Bitcoin to deal with. It has a very large community and loyal followers, some are just members, some are investors, some just like to talk and joke about it. Also, it’s an investor friendly for it is so cheap to buy as Mark Cuban states it can be compared as buying a lottery ticket, he even demonstrated to his son how investment works saying "Dogecoin is worth less than a dime. You can buy $1 worth or $10 worth and have fun watching it all day." Even high-profile celebrity like Snoop Dogg, Mia Khalifa, and Gene Simmons talks and jokes about it.
As everyone anticipates “the Dogefather” Elon musk as he host Saturday Night Lives event with Miley Cyrus on May 8,2021, almost everyone is eager to see what happens next to Doge coin.
Sources:
https://www.trtworld.com/business/dogecoin-soars-after-elon-musk-and-mark-cuban-tweets-46445
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