The Tesla and SpaceX CEO tweeted a photo of a dog flying to the moon-which made Dogecoin’s value skyrocket. If you really want to shoot for the stars, you have to hitch your wagon (or spaceship) to something that’s going places. So what do we really expect?īut a dog meme (charming as it is) can only get you so far. So, how did a joke on the web go on to become “money” that shot up 500% in value in just 24 hours (back in January 2021)? 1 Pop culture-what else? The mascot for this “money” is a funny meme of a dog, after all. Bitcoin is more of a household name-you’ve heard about it before, right? Dogecoin is like that runner at the Olympics who no one has ever heard of before, but they just swooped in and won the race. Dogecoin: What’s the Difference?īoth Bitcoin and Dogecoin are different types of cryptocurrency, but one is the alpha and one is the underdog in the world of crypto. The creators of Dogecoin named their cryptocurrency after the “Doge” meme, it became their mascot, and the rest is internet history. Back then, there was a meme going around of a Shiba Inu (that’s a kind of dog). What started as a joke back in 2013 is now the hottest thing to invest in. Except this one has a quirky little internet following. And even though it sounds like it’s currency for dogs, it turns out Dogecoin is like any regular cryptocurrency that can be bought and sold (like an investment) or used as currency (like real money). What Is Dogecoin?ĭogecoin (pronounced “dohj-coin”) is a type of cryptocurrency like Bitcoin, Litecoin, Ethereum and all of those. Think you’ve heard about every weird thing on the internet? Think again. Oh-what is Dogecoin? Grab your popcorn for this. And if this new thing called Dogecoin is any clue, things are only going to get more eye-catching. It’s been a crazy year in the land of cryptocurrency-large upswings, more businesses accepting crypto to pay for everyday purchases, and oh yeah-the wacky world that is NFTs.
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