Where there are people, there are rivers and lakes. Some people become successful overnight and wear the imperial robe, while others get up early and arrive late, making wedding dresses for others.
1. The magical Dogecoin and the tragic founder.
In 2021, Dogecoin’s peak price rose by more than 11,000%. It stood out in the capital market, trampling on Bitcoin and other so-called leaders. Its current market value is higher than that of new and old giants such as Twitter and Ford, creating a wealth carnival for thousands of retail investors. Whenever Dogecoin is mentioned, the first person people think of should be its "publicity ambassador" Elon Musk, but few people know that its developer is Billy Marcus. Musk and Marcus, two people who are crucial to Dogecoin, sound like brothers, but their Dogecoin careers are completely different: one is using Dogecoin to make money like crazy to build rockets and prepare to take it to Mars, while the other cleared all his shares in 2015 when Dogecoin was about $0.0001 and bought a used Toyota with the money he earned.
It turns out that in 2015, Marcus sold all his Dogecoins under the pressure of unemployment, and he used the money to buy himself a second-hand Honda Civic. At that time, the price of a Dogecoin was only about $0.0001. Even if calculated based on the selling price of a second-hand Honda of $6,000, Marcus should have held more than 60 million Dogecoins. If he had not sold them that year, the value of these Dogecoins would be more than $36 million today.
Marcus, who missed out on getting rich, can only "sour grapes", repeatedly emphasizing that the crazy rise of Dogecoin is irrational and even weird. They remind everyone to be cautious when trading and warn of the huge volatility. Today, Marcus only conducts Dogecoin community activities on the Internet under his previous pseudonym ShibetoshiNakamoto, which he used to imitate Satoshi Nakamoto, and continues to raise funds for some ridiculous but interesting things.
2. Shib’s Lucky Shiba Inu Coin
(Shib) was originally launched in August 2020 as an alternative to Dogecoin, and it quickly attracted a lot of attention. This coin was born in August 2020, with a circulation of 1,000 trillion. Since the project has no private placement or public placement, anyone can only purchase Shiba Inu Coin in the secondary market. At first, many thought it was just a joke or a short-term meme coin, but over time, Shiba Inu Coin’s market capitalization continued to grow. One lucky investor purchased 48.09 billion Shiba Inu coins for US$2,625 on February 1, 2021, and after holding it for about three and a half years, he sold all of them for US$1.1 million, achieving a 419-fold increase. Amazing returns. This investor’s story is amazing. According to on-chain data, he purchased a large amount of Shiba Inu coins in early 2021 at a price of 2 Ethereum coins (approximately $2,625 at the time). After holding these coins for about three and a half years, in the early morning of May 28, 2024, he sold them all for 278.7 ether coins (approximately $1.1 million at the time). The deal brought a 419-fold return, making the investor rich overnight.
3. Are emoticons worth billions of dollars?
Throughout the development of Memecoin, most of them use materials with certain historical origins or certain popularity in the network as carriers, and Pepe is no exception. Its name comes from the character Pepe the Frog created by American cartoonist Matt Furie, which first appeared in his work Boy’s Club. This comic began serialization on MySpace in 2005 and ended in 2010, gaining a certain amount of attention on the Internet. There are 4 characters, one of which is Pepe the Frog, who has won love with his cute image and funny expression. Thanks to the rapid rise in the popularity of Pepe the Frog and the wide exposure of the media, Pepe Token (PEPE) was born in April 2023, and it quickly became one of the objects of investment for many virtual currency enthusiasts. In just one month, PEPE's market value exceeded US$400 million, entering the top 100 cryptocurrency market capitalizations. However, the rise of pepe is not the same as the previous two coins. PEPE attracted the attention of some big players and teams at the beginning of its launch. These big players discovered the incubation period of PEPE by analyzing the flow of funds on DEX and began to build positions. In addition, some early buyers still hold NFTs related to PEPE, which may be related to the original team. In addition, the PEPE team blacklisted the addresses that bought PEPE at extremely low prices and made huge profits in the early days, and then gave up the contract rights. So PEPE's sudden wealth is actually more of a carnival for a small number of people.
4. How should ordinary people participate in the meme carnival?
In addition to purchasing tokens from the secondary market, I think ordinary people should at least be familiar with and understand the entire coin issuance process. I recommend using the DODO platform.
$DODO It is a decentralized trading platform that uses an innovative Proactive Market Maker (PMM) algorithm to provide efficient on-chain liquidity for Web3 assets, allowing everyone to conveniently issue and trade these assets. It provides competitive prices for DEX traders and reduces the non-permanent losses of liquidity providers. DODO also provides zero-threshold token creation and issuance, and supports multi-chain one-click coin issuance.$DODO It has expanded to 16 mainnets, with a cumulative transaction volume of more than 170 billion US dollars, more than 26 million cumulative transactions, and 3.8 million cumulative users. With the upcoming launch of DODOchain, DODO will transform into a core exchange on DODOchain, supported by advanced technologies such as Arbitrum, EigenLayer, and AltLayer. This strategic development will further enrich the trading experience, provide more incentives, and consolidate DODO's position in the field of decentralized finance. In addition, DODO will also launch an issuance and trading platform for Meme coins.
🌹What are DODO’s product features and unique use cases?
1. DODO X: DODO X is a super aggregator and a cross-chain trading platform. DODO X is committed to providing the ultimate trading experience, including not only the best price, but also a high on-chain success rate, smooth user experience and convenient operation.
2. Liquidity Pool: DODO Liquidity Pool not only allows users to provide liquidity for any pool, but also allows users to create multiple types of pools based on different assets and needs, such as the Pegged Pool designed specifically for stablecoins and LRT assets, ensuring efficient and stable liquidity management, and the Private Pool designed specifically for market makers, which provides a more personalized liquidity environment and allows more control over trading strategies and parameters.
3. Mining: DODO mining not only provides more income for LP, but also allows autonomous mining, that is, anyone can create their own mining activities for any pool on DODO, and support the provision of any token as a reward.
4. Crowdfunding pool building: Crowdfunding pool building is a novel method of token distribution and market launch, which allows anyone to raise funds and distribute tokens for their own tokens and ensure that new tokens have immediate liquidity.
5. Create tokens: This feature gives anyone the ability to create their own tokens without development and coding, and enables one-click token issuance on more than 16 main networks.
🌹The Meme sector is exploding. Will DODO’s multi-chain one-click coin issuance function and the upcoming Meme platform bring a surge in traffic?
As the Meme sector continues to explode in the cryptocurrency market, investors have shown unprecedented enthusiasm for this type of tokens full of fun and cultural elements. Against this background, the multi-chain one-click coin issuance function launched by DODO Exchange and the upcoming Meme platform are likely to bring a new round of traffic surge to the market. DODO's multi-chain one-click coin issuance function greatly reduces the issuance threshold of Meme coins, allowing more creative and potential projects to quickly enter the market. This innovation not only simplifies the issuance process, but also realizes the widespread circulation of tokens through cross-chain technology, providing investors with more diversified choices. At the same time, DODO's anchor pool and autonomous mining functions provide solid guarantees for the stability and liquidity of BTCFi assets and Meme coins.
🌹What kind of support can the various functions on DODO, such as anchor pool, one-click coin issuance, autonomous mining, etc., bring to the development of BTCFi assets and Meme coins?
The anchor pool locks a certain amount of stablecoins or other assets through smart contracts, providing value support for high-risk assets such as Meme coins and reducing the impact of market fluctuations on investors. Autonomous mining encourages users to obtain rewards by participating in transactions and contributing liquidity, further enhancing market activity and user participation.
🌹Compared with other DEXs, will DODO's lower market value and support from top institutions bring greater room for imagination to the market?
In the fiercely competitive DEX market, DODO stands out with its unique advantages. Although the current market value is relatively low, this precisely provides the market with a broad imagination space. On the one hand, the low market value means that DODO has a larger room for growth. As the project continues to mature and market recognition increases, its market value is expected to usher in explosive growth. On the other hand, DODO has won the favor and support of many top investment institutions, which undoubtedly injected strong impetus into the development of the project. These investment institutions not only have strong financial strength, but also have keen market insight and rich industry experience. Their joining provides DODO with valuable resource support and strategic guidance. With the support of top institutions, DODO is expected to further improve its ecosystem, enhance user experience, and attract more users and projects to join. At the same time, as the market's awareness of DODO continues to increase, its brand value and market influence will gradually increase, bringing more surprises and possibilities to the market. In summary, DODO is showing huge market potential and broad imagination space under the dual effects of low market value and top institutional support.
