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Dogecoin (/ ˈ d oʊ (d) ʒ k ɔɪ n / DOHJ-koyn or DOHZH-koyn, [2] Abbreviation: DOGE; sign: Ð) is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the time. [3]
The most notable example is Dogecoin, a memecoin featuring the Shiba Inu dog from the Doge meme. [54] Memecoins are known for extreme volatility; for example, the record-high value for a Dogecoin was 73 cents, but that had plunged to 13 cents by mid-2024. [54] Scams are prolific among memecoins. [54]
The idea of DOGE has been linked to Trump's campaign promises to cut federal spending and reduce the size of government and the size of the federal fiscal deficit. [ 2 ] [ 3 ] The concept of DOGE emerged in a discussion between Elon Musk and Donald Trump, where Musk floated the idea of a department for streamlining government efficiency.
The legal status of cryptocurrencies varies substantially from one jurisdiction to another, and is still undefined or changing in many of them. [1] Whereas, in the majority of countries the usage of cryptocurrency isn't in itself illegal, its status and usability as a means of payment (or a commodity) varies, with differing regulatory implications.
Doge, DoGE or DOGE may refer to: Doge (title), a historical head of state in several Italian city-states, notably Venice and Genoa; Doge (meme), an Internet meme primarily associated with the Shiba Inu breed of dog Dogecoin, a cryptocurrency named after the meme; Kabosu (dog), the dog portrayed in the original Doge image
Meme coins have surged in popularity since Elon Musk endorsed the use of Dogecoin, one of the first meme coins. [6] He continued to post tweets about Dogecoin in 2022, including one in January where he stated he would eat a Happy Meal from McDonald's on live TV if they started accepting Dogecoin as payment. [7] The risk of losing money is ...
DOGE-1 is a CubeSat mission planned by Geometric Energy Corporation. [1] [2] The mission is being paid for entirely with the cryptocurrency Dogecoin, [3] [4] [5] which is known for its popular "Doge" meme. [6] DOGE-1 is being developed by Geometric Energy Corporation, which announced the project in May 2021.
Shiba Inu token (ticker: SHIB) is a decentralized cryptocurrency created in August 2020 by an anonymous person or group using the pseudonym "Ryoshi". [1] It is inspired by the Shiba Inu (柴犬), a Japanese dog breed, which also serves as the mascot for Dogecoin, another cryptocurrency with meme origins.