Again, dogecoin makes headlines worldwide, after having experienced a substantial rise in its price over the last 24 hours. From US $ 0.007 to $ 0.023 DOGE, an increase of over 220%. For this reason, the CEO and founder of Binance, Changpeng Zhao, DOGE qualifies as the most successful joke in history Tweet of today:
The success of DOGE does not stop
The creators of Dogecoin, Billy Markus and Jackson Palmer, could hardly imagine in 2013 the success that their cryptocurrency would achieve. And, both Markus and for Palmer, creating a virtual currency inspired by the Japanese shiba inu dog was just a joke. An intellectual exercise that they did not expect to have more than a limited use in time.
However, over the years DOGE has become increasingly important in the crypto world. Something has happened especially thanks to the community of cryptocurrency, which, to the abandonment of the project by its creators, has been commissioned to keep him alive, devising new uses for DOGE.
Thanks to this, the cryptocurrency has attracted the attention of even billionaires like Elon Musk, who referred to it several times through their social networks. Attracting new investors and thus higher demand, which inevitably generates increases in the price of DOGE as the last few hours. Making the cryptocurrency a great financial success.
«DOGE was created to be an instant payment system, fun and free of traditional banking fees. It is also probably the most successful and measurable joke of history, now with more than 2 billion market capitalization. This is only possible in crypto. Freedom».
In this way, and although it is unlikely that the price of DOGE can remain so high in the long term. The success story of cryptocurrency is a perfect reflection of the possibilities that the crypto market opens up. Creating spaces for even cryptocurrencies designed as a joke to become fundamental pieces of the world of crypto assets.