Canine-themed cryptocurrency Dogecoin (DOGE) has turned 11 years outdated. Dogecoin was created on December 6, 2013, by software program engineers Billy Markus and Jackson Palmer. What began as a joke eleven years in the past has since grown into a big participant within the crypto area, capturing the hearts of many with its enjoyable and pleasant method.
To mark its eleventh anniversary, the crypto group led by the official Dogecoin X deal with has taken to social media to share celebrations for the unique meme coin.
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— Dogecoin (@dogecoin) December 6, 2024
A spotlight of this 12 months was the passing of Kabosu, the canine behind the “doge” meme, who died in Might this 12 months. The Japanese shiba inu impressed a era of on-line jokes and have become the image of the Dogecoin cryptocurrency.
As the primary parody coin celebrates its eleventh anniversary, it stays one of many high cryptocurrencies when it comes to market valuation. Dogecoin is now the seventh largest cryptocurrency, with a market capitalization of $62.68 billion, in line with CoinMarketCap.
Dogecoin has been on the rise since September, boosted by the bullish sentiment out there that noticed Bitcoin surpass the $100,000 mark; its rise in latest months was additionally partly fueled by Elon Musk’s tweets about D.O.G.E., which stands for Division of Governmental Effectivity.
Dogecoin closed November increased, up 161%; within the final 24 hours, it fell 4.61% to $0.426. Nevertheless, it stays 3% increased weekly. Dogecoin reached a three-year excessive of $0.48 in late November earlier than barely subsiding.
What’s subsequent for Dogecoin improvement?
The Dogecoin Basis is a non-profit group that has been constructing open-source initiatives for the Dogecoin Ecosystem, and its purpose since 2021 has been to extend the adoption of Dogecoin as a helpful foreign money for on a regular basis funds in addition to examine methods to make Dogecoin extra scalable and environment friendly as a world technique of alternate for all humanity.
Going into 2025, the Dogecoin Basis hopes to proceed its open-source work by means of the brand new Dogebox Decentralized Infrastructure System, which is the end result of many initiatives’ improvement and the automobile it envisions for onboarding the primary million grass-roots retailers to simply accept Dogecoin as a direct fee layer.
Dogebox will allow small companies to self-host and self-custody their very own on-line shops in addition to construct integrations with present programs.
