What is Dogecoin ($DOGE)?
Dogecoin ($DOGE) is the world's first community-driven meme coin that features the Shiba Inu meme. It was created in 2013 as a fork of Lucky Coin – a fork of Litecoin, which is a fork of Bitcoin.
It went viral when its biggest supporter, Elon Musk, started tweeting about it in early 2021. The price of Dogecoin tends to react drastically to Elon Musk's relevant acts, from tweets to other business practices with potential effects on Dogecoin.
Today, it has become one of the most popular cryptocurrencies on the market and has a firmly established place in the crypto Top 10 by November 2022.
Who are the founders of Dogecoin ($DOGE)?
Dogecoin ($DOGE) was created in 2013 by IBM software engineer Billy Markus and Adobe software engineer Jackson Palmer. They created Dogecoin to spoof the wild speculation of Bitcoin and many other cryptocurrencies at the time.
Interestingly, the Co-founder, Jackson Palmer, left the cryptocurrency community disappointed in 2015. He believed that cryptocurrency, originally conceived as a libertarian alternative to money, had already become fundamentally exploitative and built to enrich its top proponents. His co-founder, Billy Markus, agreed with that.
What is unique about Dogecoin ($DOGE)?
- The world's first and largest meme coin.
- Recognizable with the Shiba Inu meme.
- Powerful celebrity effect – Elon Musk.