DOGE Dogecoin: A Fantastical Journey from Joke to Legend
Born in December 2013, the origin of Dogecoin (DOGE) is filled with internet humor. Software engineers Billy Markus and Jackson Palmer, to satirize the rampant cryptocurrency speculation bubble at the time, drew inspiration from the popular internet meme of the Shiba Inu dog “Doge” and “magically modified” the Bitcoin code to create DOGE. Its low price, fast transaction speed, and community-driven entertainment spirit allowed it to quickly rise to fame on platforms like Reddit, becoming a darling of the tipping culture.
In the first few years, DOGE was seen more as a “joke coin” in the mainstream. However, a turning point in its fate arrived in 2019 — “King of endorsements” Elon Musk began wildly promoting DOGE on Twitter, with phrases like “Dogecoin to the moon!” garnering unprecedented global attention. Musk's continued “shilling” acted like rocket fuel, propelling DOGE to incredible heights during the 2021 cryptocurrency bull market, with prices soaring over ten thousand times, entering the global top ten by market cap, and creating the myth of the “loser’s comeback.”
Although the price has since experienced significant corrections, DOGE, with its strong community consensus, high recognition, and continually expanding payment scenarios (such as some Tesla products), has transformed from a mere internet joke into a unique and undeniable cultural symbol and phenomenon in the cryptocurrency world, vividly illustrating the absurdity and possibilities of the cryptocurrency market.
