Will dogecoin become the first cryptocurrency?

The Dogecoin : a joke? Not really

By Simouille | Infos | 14 May 2021


 

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WHAT IS DOGECOIN?

On December 6, 2013, Billy Markus and Jackson Palmer launched a new cryptocurrency, the Dogecoin. It is before presented as a joke moreover its creators still consider it as such, but this cryptocurrency has greatly pleased the community that invested. So much so that in 2014 the Dogecoin reached $60 million in capitalization. Recently the Shiba dog crypto has reached fourth place according to the site Coingecko. This cryptocurrency that was originally a joke has become a real phenomenon.

 

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WHY IS IT SO FAMOUS?

This cryptocurrency is so popularized that the multi-billionaire Elon Musk is very interested in it. We could see it with his numerous tweets about it. He even declared that the Dogecoin would conquer the world and even go "to the moon". Shortly after this statement, SpaceX the company of Elon Musk announced the launch of a satellite to the moon that will be paid only with Dogecoin. The richest man in the world was already known to be a big investor in cryptocurrency like with his company Tesla which invested $1.5 billion in Bitcoin. This shows that he takes the project seriously, he believes in it.

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CONCLUSION

The crypto-currency that was originally just a joke has managed to rise to the top of the crypto-currencies. Big investors are still wary of it, but the community appreciates the no-brainer fun. People are buying Dogecoin, not as an investment in hopes of making money but they are buying it for fun, to be part of a community. Elon Musk has helped give credibility to cryptocurrencies like Dogecoin but has also allowed people to trust this new currency.

 

Official Dogecoin clip :

https://www.youtube.com/watch?v=000al7ru3ms

 

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Simouille
Simouille

Love duck !! <3


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