Congrats man. but,
Yup, now I'm pretty sure crypto is officially a joke for trading Pokémon cards and crappy digital art masquerading as something world shattering and Doge is the equivalent of My Pet Rock being a top stock on the Nasdaq.
Sad that so many people have worked so hard on so.many things and are being over shadowed by this. I think its an telling sign at how outnof touch things have become and how desperate people are to find gold overnight.
The dollar is a joke. Doge is not a joke anymore. Even the Wall Street Journal says it's not a joke. It's market cap is close to $100 billion!
https://www.wsj.com/articles/what-is-dogecoin-how-to-say-it-and-why-its-guy-a-joke-thanks-elon-11612820776What Is Dogecoin, How to Say It, and Why It’s No Longer a JokeCryptocurrency created for laughs is now worth more than Capital One and Humana after starting the year trading at less than 1 cent
Dogecoin has the internet abuzz. Elon Musk, Mark Cuban and even beef jerky brand Slim Jim have gotten in on it.
The cryptocurrency that started out as a parody less than a decade ago had surged more than 10,000% in 2021 as of May 4, more than double the gains on the S&P 500, including dividends, since 1988.
The cryptocurrency hit an all-time-high of 61 cents apiece on May 4, according to CoinDesk, before settling at almost 57 cents at 4 p.m. ET. That is up from less than 1 cent to start the year. The online brokerage eToro said May 3 that it had added dogecoin to its trading platform. The cryptocurrency exchange Gemini followed, announcing May 4 that deposits were open for dogecoin and that trading for the cryptocurrency would begin shortly.
So, what is dogecoin, how did we get here and why are people so excited about it? We’ve got answers to your questions.
First things first: How do you pronounce “dogecoin”?According to the cryptocurrency’s co-founder, Billy Markus, the correct pronunciation is “dohj coin.” Some prefer to pronounce the first syllable like “dog” or “doggy.”
What is dogecoin?Dogecoin is a cryptocurrency that started as a joke in 2013. It is a satirical homage to bitcoin, designed to serve no real purpose other than generating a few laughs.
It is named after an internet meme centered around the image of a Shiba Inu dog with bad spelling habits—thus “doge” instead of “dog.”
Why has dogecoin’s popularity exploded?
On Jan 28, Mr. Musk, the billionaire boss of electric-vehicle maker Tesla Inc., tweeted a faux “Dogue” magazine cover. It isn’t clear why or what caught his attention.
He has since continued to tweet about the cryptocurrency. Once, he shared a meme based on the movie “The Lion King,” with the Shiba Inu dog superimposed on Simba’s face. Another time, he wrote, “Who let the Doge out,” and “No highs, no lows, only Doge.” Perhaps in an effort to be helpful, he also tweeted what he described as an instructional video titled “D is for Dogecoin.”
Mr. Musk renewed his interest in the cryptocurrency in April, tweeting, “Doge Barking at the Moon.” And Mr. Musk recently acknowledged a tweet suggesting that he should do a skit on “The DOGEFATHER” during his May 8 appearance on “Saturday Night Live.”
His cryptic comments have prompted the cryptocurrency’s popularity to skyrocket, with musicians including rappers Snoop Dogg and Soulja Boy as well as Kiss frontman Gene Simmons, sharing memes and tweets with their followers.
A mainstream consumer brand, Conagra Brands Inc.’s jerky snack Slim Jim, jumped on the dogecoin bandwagon, calling for it on April 13 to “go to the moon.” Other brands have also turned attention to dogecoin, with Mars Inc.’s Snickers brand tweeting “Maybe we should just #DogecoinToTheMoon” on May 3.
As of May 4, dogecoin became one of the top four cryptocurrencies by market value, according to Coinmarketcap.com. That puts it behind bitcoin, ether and binance coin. Dogecoin’s market value of roughly $73 billion exceeded that of Capital One Financial Corp. and the health-insurance company Humana Inc., which closed May 4 with market capitalizations of about $69.4 billion and $59.7 billion, respectively.
Fans of dogecoin online are rooting for it to reach $1.