10 Interesting Facts about Dogecoin You Need to Know

Everyone knows that Dogecoin started as a joke, but surprisingly it is getting a lot of traction these days. Many people argue whether it will be the next big thing in crypto or die young. In this article, we’ll learn about some of the most interesting and unexpected facts about this amusing crypto. Enjoy your read!

1. Dogecoin’s Creator Sold All His Doge

2. Dogecoin Was Created in about 2 Hours

Billy Markus tweeted this when a user asked him how to make the coin more efficient. He said that he made Dogecoin in 2 hours and didn’t consider anything.

3. All-Time High Price and Market Cap

The highest price that Dogecoin has ever had is $0.74. The coin reached that point on May 8, 2021. It hit its all-time high market cap on that day too: $93 B.

P.S. At the time of writing, the market cap of Dogecoin is 43B which is almost as much as Ebay’s.

4. The Dog on Dogecoins Logo Is Shiba Inu

Shiba is a hunting dog breed. Interesting is that after the release of Dogecoin, different coins with dogs were launched. One of these dog-based meme coins is Corgi Token based on the popular Corgi breed of dogs. This coin is a “decentralized community-based cryptocurrency” on the Ethereum blockchain.

5. The Dogecoin Community

For instance , in 2014 the community raised $55,000 for NASCAR driver Josh Wise where in return he covered his entire car with Dogecoin and Reddit alien images.

6. Dogecoin on Social Media

Platforms like Reddit and Twitter showed a huge interest in this cryptocurrency from the very beginning and promoted Dogecoin a lot leading it to success. Recently, TikTok joined the team of platforms interested in Dogecoin. For example, in the summer of 2020 TikTok introduced a Dogecoin challenge to encourage people to invest in this cryptocurrency. The TikTok trend #DogecoinTikTokChallenge went viral. A user posted a 10-second video calling on 800 million users to invest $25 into dogecoin to make the coin’s price $1. His video now has 800K views and the trading volume for Dogecoin increased by 2000%.

7. Celebrities Who Love Doge

Musk plays a huge role in the rise of Dogecoin and his tweets send the price up within a few hours.

But the CEO of Tesla is not alone, the rapper Snoop Dog appeared to be a huge supporter, who invested in Dogecoin.

Another enthusiastic celebrity is Kevin Jonas, who tweeted early this year “All I’m saying… $do ge”.

8. Dogecoin Has Unlimited Supply

Currently, the circulating supply is 129 bill ion Dogecoins, which is higher than the volume of other cryptocurrencies like Bitcoin or Ethereum.

9. Mining Process

10. SpaceX Accepts Dogecoin as a Payment to Launch a Mission to the Moon in 2022

As mentioned previously, Elon Musk is a big fan of Doge and after this announcement, he tweeted “ To the mooooonnn!!” which is the slogan of this crypto (so he is trying to turn it into reality :D)

DOGE-1 will go on board with the SpaceX Falcon 9 rocket, which usually costs about $62 million to book, or about 188 million Dogecoins (at the time of writing the cryptocurrency’s price is $0.33).

It will be the first mission ever completely paid for by Doge.

Well, these were some of the most interesting facts about Dogecoin that every crypto enthusiast should know. We hope this article was informative and full of discoveries, and that it motivated you to dig deeper and find out more about this exciting cryptocurrency. Go ahead and start your amazing Dogecoin journey!

Originally published at https://nooor.io on June 9, 2021.

Nooor - Armenian Blockchain Association is a non-profit organization aimed to support the spread and integration of distributed ledger technology and product.

Nooor - Armenian Blockchain Association is a non-profit organization aimed to support the spread and integration of distributed ledger technology and product.