Mememes’ best friend: dogecoin (Doge) Rise and Fall **
In the world of cryptocurrency, few memes have achieved more known than dogecoin (doge). Launched in 2013, Doge grew up by a relatively unknown project to become one of the most popular and widely recognized cryptocurrencies on the market. But what makes this memory so special?
Birth of the Meme
Dogecoint Jackson Palmer, New Zealand programmer and Billy Markus, an American developer. The name “Dogecoin” was inspired by the “Doge” meme, which came from 4chan’s / B / Body in 2013. The Shiba Inu meme depicted the image of the dog’s breed, with an enrollment in which “Doge”. The image quickly became popular online and spread rapidly on the social media platform.
To get to the protrusion
In May 2013, Dogecoin was launched as a peer-to-peer (P2P) cryptocurrency, allowing users to send and receive doge directly. Initially, the market capitalization of the coin was around $ 0,0001 for money. However, its popularity increased in July 2014, when the “Dogefather” meme, which is visible to Palmer’s dog, began to show a trend in social media.
Mainstream recognition
While Doge was attracted, he attracted the attention of traditional investors and media announcements. In August 2015, Square (now known as Block), the main Fintech company has announced that he will accept doge as a payment method. This step has further increased the visibility and credibility of the coin.
The “joke” factor
The success of the doge is partly attributed to its unresolved and fun nature. The meme was used to have fun with traditional cryptocurrencies and is often mentioned in the mainstream media. This simple approach has contributed to a faithful to follow investors who consider coin as an alternative accessible to traditional cryptocurrencies.
The “Doge” effect
In 2017, the term “doggie” became a popular jargon for dogs. Social media platforms, such as Twitter and Facebook, have created a snowball effect, in which memes, such as Dogecoin, are still widespread on platforms, often with humorous inscriptions or hashtags. This phenomenon is called “Doga effect”.
Challenges and criticisms
While Doge has its success, it has been criticized for various reasons:
* Scalability problems
: with the increase in the number of users, the congestion of the network.
* Liquidity : The lack of institutional support has made it difficult for many investors to trade.
* SAFETY ASSIGN : Some users have expressed concern about the management of doge’s private keys and the safety of the Discravalized Financial (Defi).
Inheritance
Despite its challenges, Dogecoin remains a beloved and recognizable cryptocurrency. The impact of popular culture is undeniable, with many memes and reference to dige in daily conversations.
The rise and fall of doge serve as a reminder that even apparently harmful projects can achieve significant success, managing to resonate with a particular audience. In the world of cryptocurrency, in which the innovation and commitment of the community are key drivers of growth, the place of dogecoin is safe among the most important cryptocurrencies, at least for the moment.
Conclusion
Dogecoin (Doge) could have started as a joke, but has become a loved and recognizable cryptocurrency in the world of cryptocurrencies. His ability to resonate with a particular audience, his light nature and a friendly brand makes him a lasting and impressive story of the commitment of innovation and community.
As the cryptocurrency panorama develops further, one thing is certain: Dogecoin will be remembered among the most important cryptocurrencies in the coming years.