A meme-currency dedicated to Shiba Inus
Dogecoin is a cryptocurrency that started as a joke. Based on a meme about a Comic Sans–loving, encouraging, and somewhat ineloquent Shiba Inu, the project started with a tweet by Jackson Palmer on November 27, 2013, in which he said he was going to invest in Dogecoin, a name he made up. At the encouragement of friends, within barely a week, Palmer had turned Dogecoin into a real token with the help of software engineer Billy Markus. They saw Doge as a way to make the crypto space more palatable to newcomers, since, unlike Bitcoin, it had no associations with Silk Road and the Dark Web. Although Palmer exited the project a year later, Doge has proven itself surprisingly resilient and is currently the ninth-largest cryptocurrency in terms of market cap. Despite its origins, Doge is highly liquid, has been one of the best performing assets in the space, and, unlike many other tokens, doesn’t need any more development. It’s fully a currency.