The dog-themed cryptocurrency Dogecoin (DOGE) is marking an important milestone in its history. Seven years ago, on December 22, 2017, Dogecoin's market capitalization surpassed the $1 billion mark for the first time.
The Dogecoin Foundation used X to commemorate this milestone in the history of cryptocurrency — the market capitalization of this coin surpassed $1 billion, with the tweet: "Seven years ago, on December 22, 2017, this happened" along with a screenshot highlighting this historical moment.
Dogecoin was created in December 2013 by software engineers Billy Markus and Jackson Palmer. Initially regarded as a joke, Dogecoin quickly garnered a strong supporter community and achieved a market value of billions of dollars by the end of 2017.
Seven years later, Dogecoin is still thriving, with a current market capitalization of billions of dollars. Dogecoin is now the seventh largest cryptocurrency, with a market valuation of $46.13 billion and a current price of $0.313. According to a recent report from the Onchain analysis platform IntoTheBlock, Dogecoin boasts over 6.6 million holders.
As the Dogecoin Foundation looks back on this milestone, it serves as a reminder of the journey of the dog-themed cryptocurrency over the years.
The Dogecoin community receives an important reminder
Mishaboar, a prominent member of the Dogecoin community, has issued an important reminder to Dogecoin holders.
Dogechain, a popular online Dogecoin wallet, was shut down in July. Users were granted an extension until December 31 to download their private keys from the website. Mishaboar reminded the Dogecoin community about this upcoming deadline in a tweet.
In this direction, Mishaboar reiterates an important warning to DOGE holders: never keep Dogecoin in a wallet created through any online service.
In a previous warning, the Dogecoin community was advised to only use the Dogechain.info domain for the aforementioned action. This is due to the .com domain having been used for phishing attacks in the past.
DYOR! #Write2Win #Write&Earn $DOGE