Dogecoin, the cryptocurrency that was born from a meme

Dogecoin is a cryptocurrency based on the blockchain, and developed for the exchange of value between peers, without intermediaries, which was created in 2013 by American programmer Billy Markus and Australian marketer Jackson Palmer.

But also Dogecoin is a paradigmatic case of the meeting between fields of techno life as disparate as financial innovation crossed with digital humor.

Is that his symbol and mascot is a Shiba Inu (or shiba-ken), a Japanese dog of the same breed as the one that stars in two of the most memorable memes: the one with the bewildered dog, and the one with the «strong dog» vs. the «weak dog».

The debate around Dogecoin

By the grace of its origin, Dogecoin managed to develop a growing, friendly and caring community, especially in the information circuits on blockchain on Reddit and Twitter.

That impulse ended up echoing beyond social networks, and generated public supports for the coin: from the rocker Gene Simmons to the space tycoon Elon Musk, going through the former porn actress Mia Khalifa, they have gone out to bank the token.

However, that exposure and the feeling that it is «a joke cryptocurrency» they also generate opposition and suspicion elsewhere in the crypto community.

It is even pointed out that the uproar of well-known personalities for this coin has to do with personal speculations, since the low price of Dogecoin allows buying large quantities and thus make huge profits from price increases.

Much more than an occurrence

In practice, Dogecoin proved to be a reliable tool for transferring small amounts of value (in fact it is inspired by Litecoin, rather than Bitcoin), and even despite its recent growth, it maintains a price per unit under 5 cents.

With a capitalization of almost 7 billion dollars, far from being a joke Dogecoin became established among the top 15 cryptocurrencies From the market.