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On this #Dogecoin day, hereβs what you need to know about the first #memecoin.
A ποΈ
Dogecoin is an open-source project created as a joke in 2013 that has since become a popular cryptocurrency.
The inspiration for Dogecoin came in November 2013 when Jackson Palmer, then a marketer at Adobe, noticed that altcoins with almost no differentiating features were popping up everywhere.
As a joke commenting on the abundance of altcoins, he tweeted: βInvesting in Dogecoin.
Billy Markus, a software developer at IBM, saw the website and reached out to Palmer with the idea to make Dogecoin a reality.
On 27 January 2021, amid the GameStop short squeeze saga, Redditor u/lomac2w0 posted a thread proposing to start a Dogecoin rally, which quickly gathered almost 10,000 upvotes.
The price of Dogecoin dramatically surged in 2021 following growing celebrity endorsements and hype on social media platforms.
The story has so much more to it.
Read the full story at:
https://t.co/8e9Pj5eD6C