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Dogecoin – From Then Till Now

With all the hype surrounding the recent surge in DOGE coins (yes, a whopping 500% and more), it would be prudent to take a step back and understand more about DOGE.

DOGE took its mascot logo from the very popular Japanese dog breed called Shiba Inu. Here is a brief timeline of DOGE containing the interesting bits:

December 2013
  • Dogecoin was officially launched by co-founders Jackson Palmer and Billy Markus
  • Its value jumped 300% two weeks later
  • Underlying technology based on Litecoin
January 2014
  • Trading volume briefly surpassed Bitcoin’s and all other cryptocurrencies
  • Approximately US$30,000 in DOGE coins were donated to fund the Jamaican bobsled team’s trip to the Russia Winter Olympic Games. The community has developed a culture where DOGE coins are used for donations.
2015
  • One of the co-founder, Jackson Palmer, left Dogecoin
2017 – 2018
  • DOGE coin, like many other cryptocurrencies, went from boom to bust in its market valuation
  • Briefly peaked at US$0.017
  • Market valuation crossed US$2 billion
2019
  • DOGE coin was listed on Binance
2020
  • Elon Musk tweeted about DOGE causing it to rise more than 20%
2021
  • Elon Musk again tweeted about DOGE, this time causing the cute “Shiba Inu” coin to skyrocket at least 500%
  • Reddit community compounded the rally

As of now, the market cap of DOGE coin is more than US$4 billion

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SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in crypto. We bring you expansive crypto news coverage especially in Asia, with a focus on Singapore, Thailand and Southeast Asia.

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