There are many memecoins in the crypto world - cryptocurrencies inspired by Internet memes and painful events, actively promoted by bloggers and financial market leaders, which are rapidly gaining popularity. This article is about Dogecoin, one of the many memecoins that has remained in the market, securing a place in the top 10 by capitalization and gaining famous support.

How Dogecoin came to be

 More than 10 years ago, volunteer Atsuko Sato rescued a Shiba Inu dog from a kennel that was about to close and the remaining dogs were going to be euthanized. The new owner of Kabosu, the name of the world-famous puppy, began sharing cute photos on her blog on Raddit.
 Soon these funny photos became templates for memes. In one of the photos, a dog with a surprised face was sitting on the sofa with its paws folded. Later, netizens began to post short phrases over the photos that expressed certain emotions, “wow” (wow), “so scare” (so, get scared). In 2013, it was recognized as the best meme of the year according to Know Your Meme. This year marks the peak of Doge's popularity. The meme not only took over social media and blogs, but also ended up on MTV's list of "50 Pop Culture Things We Should Thank Her For." It was in 2013 that American software engineer Billy Marcus and Australian entrepreneur Jackson Palmer officially presented their first major crypto project, Dogecoin.

 As the developers later said, they took the meme as the project’s logo, thinking it would be funny - DOGE was supposed to be a sarcastic response to Bitcoin.
The creators wanted to show how playfully and childishly small and simple coins can become popular. But the situation took a different turn: the crypto project gained an audience and famous fans, securing its place in the top 10 most capitalized cryptocurrencies.

 The cryptocurrency industry in 2013 did not have such scale and popularity. She was more associated with the black market. The goal of the creators of DOGE was to create a safe and positive community where everyone could own cryptocurrency. Palmer bought the domain dogecoin.com and contacted Marcus, who already had experience with altcoins.
 Doge's popularity grew within the first month of its launch. In 30 days, 1 million people visited the Dogecoin website. The price increased by 300% in three weeks and briefly overtook Bitcoin in terms of trading volume. This is no longer just an ironic meme coin, it is the creation of a new and large-scale story. In subsequent years, the coin flew out of the top ten and flew back several times.
 In 2019, Doge received the support of the most famous financial giant, Elon Musk. The absolute maximum value of Dogecoin was recorded in 2021. In April 2024, Toncoin tried to surpass the coin for some time. But these moments do not diminish her importance to her devoted audience.

-It’s up to you to decide what prospects this currency has.

Critics are of the opinion that the coin has no intrinsic value and that there is no real reason for Doge's rise at all. Each increase in the price of Dogecoin occurs against the backdrop of publications by Tesla CEO Elon Musk on his Twitter page. One gets the feeling that this altcoin varies due to the emotional mood of the audience rather than due to some real news “swing”. The hype around Doge continues to this day.

Will there be a movie?

One of the last significant events I would like to highlight is the purchase of the right to the image of the Kabosu dog meme. Since April 2024, Own The Doge has exclusive rights to the image of the puppy, who is the mastermind of several cryptocurrencies. This transaction is not only legally significant. She shows how image can play a significant role in the crypto industry, attracting attention and investment based on exceptional stories and passionate public attachment. A “documentary” film about the dog Kabosu, which has become a symbol of the meme coin, is also expected to be released. The name and date are still unknown. A
On November 2, 2023, a monument to the famous Internet dog was erected in Japan, funded by Doge fans. No matter the outcome of this memecoin, it is already immortalized in history.

 I would like to summarize the article with a quote from Elon Musk. While cryptocurrency is a “promising” asset, investing in it should be done “with caution.” We remind you that this article is for informational purposes only, you and only you are responsible for your actions.

You can purchase a DOGE asset on our website. Our professional support will help you with any questions 24/7.