What is Dogecoin(DOGE)?
Software engineers Billy Marcus and Jackson Palmer created Dogecoin in late 2013. Palmer branded the cryptocurrencys logo using a meme popular at the time that featured the deliberately misspelled word doge to describe a Shiba Inu dog. Doge was really started to poke fun at Bitcoin, said Pat White, CEO of Bitwave. In its early days, a community of enthusiasts arranged publicity stunts to raise Dogecoins profile, gathering funds to send the Jamaican Bobsleigh team to the 2014 Olympics, for instance, or sponsoring a NASCAR driver. In early 2021, Dogecoin gained cult status on Reddits WallStreetBets message board the prime instigator behind the GameStop affair in January where enthusiasts had promised to propel its value to the moon (that was before all discussion of crypto was banned on the subreddit).