8/8/2023 0 Comments Coin dog![]() ![]() Dogecoin's price witnessed a prolonged lull for almost 3 years as the hype around memecoin waned. At the time, DOGE coin price rallied to breach the $0.004 mark in May 2017, and another uptrend later that year catapulted it to nearly $0.02 by January 2018.ĭOGE price, however, couldn't sustain the $0.01+ level for long and tanked with the rest of the crypto market thereafter. The next noteworthy surge in DOGE price occurred in March 2017, amidst the early stages of a market-wide bull run. DOGE priceĪccording to our DOGE live price chart, the dog coin’s first big jump came right after its release when it appreciated by 1,000% to reach $0.0023 from $0.0002. Meanwhile, Dogecoin’s development, trademark protection and governance are all taken care of by a not-for-profit organization called the Dogecoin Foundation, which has key figures like Ethereum co-founder Vitalik Buterin and Elon Musk as advisors. However, having gained much prominence and value appreciation, usecases for DOGE are being developed right now, and Elon Musk even plans to send a mission to the moon named after the dog coin. Its initial maximum supply was limited to 100 billion coins but was later changed to an infinite supply.ĭespite DOGE's position as a top crypto asset today, it was never intended to serve a specific purpose. However, none of these memecoins are related and exist independently of each other.ĭOGE coin was launched by two software developers - Billy Markus from the U.S. ![]() In fact, DOGE coin's success resulted in the emergence of an entire niche of dog-themed cryptocurrencies, the most notable of which is Shiba Inu coin ( SHIB ). Social media growth, unending memes, a loyal community and Elon Musk's support have all made DOGE one of the leading cryptocurrencies both in terms of popularity and market capitalization. The first-ever meme-inspired cryptocurrency or "memecoin" to gain worldwide popularity, Dogecoin (DOGE) was hard-forked from Litecoin in 2013, which itself was a fork of Bitcoin.Ĭreated as a light-hearted joke with a Shiba Inu dog image on its logo, Dogecoin has garnered “much wow” over the years. ![]()
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