Is dogecoin a meme coin?
Is really dogecoin a meme coin? let’s get deep dive into it.
“Dogecoin is a meme-based digital currency that joined the crypto-currency craze back in 2013, created by the software engineers Billy Markus and Jackson Palmer“
In this article, I’ll explain the hype behind the puzzling Dogecoin and how a mere dog-meme has evolved into this respectable, digital currency celebrities just can’t stop talking about.
History of Dogecoin:
For cryptocurrency veterans, this coin is pretty notorious, but to all the newbies on the scene, you’ve probably been wondering what all the fuss is about? In short, when it comes to cryptocurrency, there are three different types, you’ve got your Bitcoin, altcoin, and tokens. Dogecoin falls into the alternative coin breed! When it comes to Dogecoin it is free from traditional banking fees, open-source, and seemingly a funnier experience than the other cryptocurrencies on the market. A great appeal of crypto is that they use blockchain technology, which is security-focused.
Is dogecoin a meme coin?
You may be shocked that the term “cryptocurrency” was first coined, pun intended, as far back as 1998, and digital peer-to-peer instant payment technology, as we know it, launched around 2009 with the infamous Bitcoin, which opened up the digital currency world! Then, as always, rivals followed many rivals. But none as nonchalant as Dogecoin, or at least how they began. After all, their whole business and their whole face and ethos are based on a Shiba Inu dog and some Tweets, which just escalated into Palmer buying Dogecoin.com, it getting attraction, the software being made and the rest is history.
Now that you know what it is, let’s dive a little deeper into how a business was formed from an ironic homage to the 2013 crypto mania and is now hitting record numbers in 2021!
What’s behind dogecoin’s price surge?
Well, you may have noticed that Dogecoin is becoming quite the cryptocurrency of the stars! It’s very hard to believe that a company that quite literally started as a gag is no longer a gag. Let’s hear it straight from the doge’s mouth. – It was just me tweeting, “Hey I’m gonna invest in Dogecoin, I think it’s the next big thing.” And at that point I did not incline to make it a real thing, it was just a joke.
– Jackson Palmer himself, he doesn’t downplay it, he doesn’t pretend that this is a whole like, master-mind planned at all, which is super cool. – I mean, he was based in Portland at the time, and he is like, “Hey, I’ve been touring around.” ‘Cause he’d created an altcoin before Bells and he was like, “Hey, I realize you can change the font of the QT client, the comic sense.” I’m like, “Well, we gotta do this.” – This is seriously so classic, even the whole comic sans part speaks for itself, you’ve irony upon irony.
Why does Dogecoin keep re-emerging?
How did this even happen? Firstly, exposure has a huge role! Back in 2018, the online brokers named Robinhood put Dogecoin on their website, alongside some of the greats! And for sure we can attribute celebrities’ countless plugging of Dogecoin across Twitter and beyond for its constant rise in popularity. Elon Musk’s Twitter seems to be an OG plugging spot in and of itself. You’ve got Signal, Clubhouse, Dogecoin, Dogecoin, and more Dogecoin.
Elon Musk scales back Dogecoin hype:
So, from what I can see he’s Tweeted a bunch of times this year alone about Dogecoin, and their limelight has followed suit! And I’ve not even mentioned Gene Simmons or Snoop Dogg’s recent Dogecoin shout-outs, which were pretty ingenious and then prompted Elon to, of course, post a strange, Lion King/doge meme mashup meme. Then there’s Dogecoin’s re-emerging on the internet. Dogecoin, which is so far this year gone up 1500% in price from 0.005 cents to 7 cents, at the time.
Should You Buy Bitcoin?
Hype, just utter hype, everyone is genuinely trying to find out if Dogecoin is a viable investment! Again, I have no financial background whatsoever. The future of shopping will definitely be affected by this digital currency and it’s already beginning, with Tesla announcing this year that they will be accepting bitcoin as a means of payment for their vehicles shortly, and even the most unlikely of places accepting Dogecoin as a legit currency. The whole premise behind Dogecoin is pretty hilarious and completely non-try-hard, and that’s definitely why it has such a loyal following. Either way, it’s pretty cool that Dogecoin claims most of this publicity hasn’t been the results of a grand marketing campaign, unsurprisingly, they’re just as shocked as we are.
Don’t forget, this isn’t financial advice and we are not liable for anything you might or might not do.