Dogecoin turns 10; see how the dog that inspired memecoin is doing

Made in December 6, 2013The Dogecoin (DOGE) is completing 10 years. Despite not being the oldest memecoin, DOGE even caught the attention of Elon Musk and is now one of the top 10 cryptocurrencies with a market value of $14.3 billion.

Although to this day it is difficult to explain how a project without any monetary attraction could be so successful, one of the main reasons could be Kabosuthe Shiba Inu dog first used as an internet meme and then as a Dogecoin mascot.

Photo of Kabosu that became a meme and inspired the creation of one of the largest cryptocurrencies on the market.  Source: Reproduction.
Photo of Kabosu that became a meme and inspired the creation of one of the largest cryptocurrencies on the market. Source: Reproduction.

Despite the festive date, not everything is cause for celebration. Of 17 years7 years older than Dogecoin, Kabosu He is not in very good health. Her owner regularly publishes her pet’s daily life and problems on her blog.

“I’m sorry I can’t update my blog often”wrote Atkuko Sato, describing her dedication to caring for Kabosu. “Although I spend more time cooking Pumpkin Food (Kabosu), cleaning Pumpkin and hugging Pumpkin and reducing my working time, for some reason I still don’t have enough time.”

Kabosu, dog mascot for the cryptocurrency Dogecoin, is already 17 years old.  Source: Kabochan/Reproduction.
Kabosu, dog mascot for the cryptocurrency Dogecoin, is already 17 years old. Source: Kabochan/Reproduction.

Dogecoin, the unlikely cryptocurrency

While Bitcoin was born with a strong narrative focused on scarcity, self-control and anti-censorship, Dogecoin was created with an infinite supply and a Shiba Inu dog as its logo. Despite the current supply of 142 billion units, DOGE reached $0.73 in 2021.

Even the announcement on Bitcointalk was written in Comic Sans font, proving that it is not a serious project. The description, with sentences like “very cryptic” It is “so random” it also responds to the lack of any meaning.

Dogecoin (DOGE) advertisement, published in 2013, with several meaningless sentences.  Source: Bitcointalk.
Dogecoin (DOGE) advertisement, published in 2013, with several meaningless sentences. Source: Bitcointalk.

At the time of writing, Dogecoin is worth just over $0.10. Perhaps due to the 10th anniversary, DOGE volume is up 154% in the last 24 hours.

Dogecoin (DOGE) returns to US$0.10, reaching its highest value in the past 12 months on its 10th anniversary.  Source: CoinMarketCap.
Dogecoin (DOGE) returns to US$0.10, reaching its highest value in the past 12 months on its 10th anniversary. Source: CoinMarketCap.

Although Dogecoin creator Shibetoshi Nakamoto (Markus Billy) has yet to comment on DOGE’s anniversary, other developers have already taken to social media to celebrate the 10th anniversary of this project, which is inexplicably one of the largest in history. the market belongs.

“Congratulations Dogecoin! Looking at the moon!”

Finally, thanks to the success of Dogecoin, several dog-based memecoins have emerged in recent years. The biggest highlights are the Shiba Inu, the Kabosu breed and the Floki Inu, but there are thousands of smaller ones with the same theme.

Source: Live Coins