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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 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.
Since the creation of bitcoin in 2009, the number of new cryptocurrencies has expanded rapidly. [1]The UK's Financial Conduct Authority estimated there were over 20,000 different cryptocurrencies by the start of 2023, although many of these were no longer traded and would never grow to a significant size.
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]
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; Döge, a village in north-east Hungary; DOGE (database) (in French, Documentation en Gestion des Entreprises), an academic bibliographic database
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 ...
The original photo of Kabosu that led to the meme. Doge (usually / d oʊ dʒ / DOHJ, / d oʊ ɡ / DOHG or / d oʊ ʒ / DOHZH) is an Internet meme that became popular in 2013. The meme consists of a picture of a Shiba Inu dog, accompanied by multicolored text in Comic Sans font in the foreground.
Dogecoin's future is highly leveraged to Elon Musk. The one key factor in Dogecoin's favor is the unique relationship that it enjoys with tech billionaire Elon Musk. Ever since 2021, when Elon ...