The Dogecoin DOGE/USD was created in 2013 by Jackson Palmer and Billy Markus as a joke primarily based on a well-liked meme portraying a Shiba Inu.
The crypto coin has garnered a lot recognition following Tesla Inc TSLA CEO Elon Musk‘s endorsement of the meme coin as his favourite cryptocurrency.
Dogecoin has made method for extra meme cash corresponding to Shiba Inu SHIB/USD, Dogelon Mars ELON/USD, and Floki Inu FLOKI/USD, and plenty of extra.
In a latest Tweet, Markus, who goes by the pseudonym Shibetoshi Nakamoto on Twitter, outlined how he’d just like the Dogecoin neighborhood to make the most of the crypto.
right here is my need for dogecoin:
– individuals truly use it for one thing past pump and dump bullshit so it has a motive to exist
– the neighborhood understands what crypto is and what the crypto market is and is aware of that it is all kinda dumb and has enjoyable with it
that is about it
— Shibetoshi Nakamoto (@BillyM2k) June 17, 2022
Markus additionally urged individuals to maintain engaged on the meme coin, including extra utility and safety. Elon Musk responded, suggesting that Dogecoin ought to function extra like a forex.
Extra currency-like
— Elon Musk (@elonmusk) June 18, 2022
Additionally Learn: Musk Reacts To Jack Dorsey’s Bitcoin Web5 Challenge, Says Dogecoin Web69 Would Be Hearth
Final month, Markus spoke concerning the Dogecoin and stated that he created DOGE as a “satire” to indicate “what number of dumb cash exist.”
$doge: made 8 years in the past as satire of the cryptocurrency scene and what number of dumb cash exist, at a time when the scene took itself tremendous severely. acquired fashionable regardless of this. founders made barely something.
present “meme” cash: made to make founders wealthy.
we aren’t the identical.
— Shibetoshi Nakamoto (@BillyM2k) May 17, 2022
On the time of writing, DOGE was buying and selling at $0.05422, down 5.72% within the final seven days. The crypto has fallend 25% prior to now seven days.
Picture: Created with a picture from Ministério Das Comunicações on Flickr
