blogtienso
--
Dogecoin: From 'Joke' to Phenomenon and Reasons You Should Stay Away
Dogecoin (CRYPTO: DOGE) was created in 2013 by two friends with the purpose of... mocking the cryptocurrency industry. They believed the market was becoming too serious and decided to use the image of the Shiba Inu dog from the famous 'Doge' meme to create the first humorous cryptocurrency.
However, this so-called 'joke' quickly turned into a global craze. In 2021, Dogecoin reached a market capitalization of over 90 billion USD as a slew of investors rushed in, hoping to profit quickly from the cryptocurrency frenzy. But like any other 'bubble', this excitement did not last long. By mid-2022, Dogecoin had lost over 90% of its value compared to its previous peak.
However, this so-called 'joke' quickly turned into a global craze. In 2021, Dogecoin reached a market capitalization of over 90 billion USD as a slew of investors rushed in, hoping to profit quickly from the cryptocurrency frenzy. But like any other 'bubble', this excitement did not last long. By mid-2022, Dogecoin had lost over 90% of its value compared to its previous peak.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
