Dogecoin is a parody cryptocurrency created by Australian entrepreneur Jackson Palmer and software engineer Billy Markus in 2013. In an interview, Palmer said the idea for the project came from two internet tabs he had open on his computer at the time: one with a viral internet meme of a Japanese Shiba Inu “doge,” and the other with a list of the recently added cryptocurrency projects to the market.
Palmer jokingly coined the phrase “Dogecoin” to himself and took to his Twitter account to post the now-infamous line, “Investing in Dogecoin, pretty sure it’s the next big thing.” It immediately sparked interest from the meme-fuelled crypto community.
Dogecoin was initially designed to be “as ridiculous as possible,” in keeping with its parody theme and to prevent people from actually using it over the long term.
Dogecoin history
Dogecoin officially went live on Dec. 6, 2013, and became an instant hit with the community. After two weeks, the r/Dogecoin Reddit channel had over 19,000 users and the price of DOGE (the ticker symbol for the project’s official token) skyrocketed 300%, despite China announcing a ban on payment companies from dealing with Bitcoin at the time.
Palmer jokingly coined the phrase “Dogecoin” to himself and took to his Twitter account to post the now-infamous line, “Investing in Dogecoin, pretty sure it’s the next big thing.” It immediately sparked interest from the meme-fuelled crypto community.
Dogecoin was initially designed to be “as ridiculous as possible,” in keeping with its parody theme and to prevent people from actually using it over the long term.
Dogecoin history
Dogecoin officially went live on Dec. 6, 2013, and became an instant hit with the community. After two weeks, the r/Dogecoin Reddit channel had over 19,000 users and the price of DOGE (the ticker symbol for the project’s official token) skyrocketed 300%, despite China announcing a ban on payment companies from dealing with Bitcoin at the time.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.