Dogecoin

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Dogecoin
Dogecoin Logo.jpg
Founded 2013
Key People Jackson Palmer
Employees Approx. 10
Products Dogecoin digital assets (DOGE)
Twitter @dogecoin
StockTwits DOGE
LinkedIn Profile
Facebook OfficialDogecoin
Website Dogecoin Home

Dogecoin (DOGE) is a cryptocurrency based on an Internet meme of a shiba inu speaking excitedly in broken English.[1]

Background

Dogecoin began as a fork of Litecoin.[2] It was created in 2013 by Jackson Palmer, a product manager at Adobe.[3] Palmer created Dogecoin as a joke, and considers himself a "cryptocurrency bear." He does not currently have a large role in the management of the Dogecoin project and has expressed that he prefers it that way.[4]

In January 2018, Dogecoin's market cap briefly exceeded $2 billion, making it the most successful "parody" altcoin to date.[5]

Internet meme becomes successful cryptocurrency

Despite the light-hearted circumstances of its creation, Dogecoin endured, becoming one of the most surprisingly popular cryptocurrencies on the market. On May 1, 2019, Siddharth Coelho-Prabhu posted on Coinbase's blog that the exchange added Dogecoin support for the Coinbase wallet.[6] Fans of the canine meme-themed cryptocurrency rejoiced, seeing it as a legitimizing move. On July 5, 2019, Binance announced it would add trading support for Dogecoin later that day. In response to the news, the price of Dogecoin spiked almost 32 percent, according to data from Coindesk.[7][8]

References