Dogecoin has always been a joke, but it’s a joke that keeps on giving. Despite being an 11 year old memecoin, Doge is one of the best performing major digital assets year to date (+93%), more people own Doge than at any other time, and Doge is dominating the crypto conversation thanks to the 2024 memecoin phenomenon. Woof.
The Power of a Good Meme
Dogecoin was first launched as a joke, as a satirical caricature of Bitcoin. Doge is based on the Doge meme, which features a Shiba Inu, a Japanese dog breed, making a face.
The DOGE Shiba Inu
Despite its non-serious origin story, Doge has had surprising staying power — capturing a loyal group of followers and growing in value over time. For the most part, this was thanks to the meme community, Twitter users, and Reddit. Collectively these fans formed one of crypto’s biggest and most loyal communities. Dogecoin has famously enjoyed support from Elon Musk, the world’s richest man,…
