#doge coin

History of the Dogecoin

Dogecoin was created in late 2013 by two software engineers, Bill Marcus and Jackson Palmer, who were working at IBM and Adobe Systems, respectively. It was created using the open-source code from Litecoin, which itself was a fork of the Bitcoin blockchain. The main purpose of its creation was to raise public awareness of blockchain technology capabilities.

Through the support of a large online community, which included Elon Musk, Mark Cuban, and Snoop Dogg, the volatile crypto has risen more than 4,000% in 2021 alone, with some analysts forecasting the price to reach $1 before the end of the year.

The online community has also been influential in newsworthy headlines, which included various fundraising events, such as the $50,000 fundraiser to send the Jamaican Bobsled Team to the 2014 Winter Olympics after the team qualified but could not afford to attend. They also sponsored a NASCAR Sprint Cup Series driver, Josh Wise, with about $55,000 in 2014.

Such publicity stunts raised Dogecoin to almost cult status by 2021. It gained influence on Redditt’s WallStreetBets message boards and Twitter, where its value responded to popular Elon Musk tweets, such as propelling its value “to the moon,” “fav cryptocurrency,” and “people’s crypto.”