This cryptocurrency is a highlight of the unexpected and seemingly silly taking off to make a serious success.
Dogecoin is an altcoin bearing the face of a popular meme— the funny side-eye expression of a Shiba Inu
It was created in 2013 by Jackson Palmer who really intended to make humor of the cryptocurrency hype at the time. With attention being drawn to his perspective, a software developer, Billy Markus asked to make a crypto reality from the idea. The story goes from there! Dogecoin significantly blew up in 2017 after joining the cryptocurrency bubble. The value hype has died down, but it remains relevant and used on Twitter and Reddit for content tips.
The legitimacy of its structure is based on Litecoin and uses proof-of-work tech. Dogecoin can be bought and sold on exchanges, and stored in digital wallets like any other cryptocurrency. The coin’s initial purpose carried through as it lightened the hearts of crypto-investors around the world and made real impacts with generous charity donations and attention from Elon Musk.
Today, it is not so much profitable as it is sentimental. The story of this phenomenon is the most rewarding to investors and observers as we see the power of goodwill and humor for the good of communities around the world.