History of Dogecoin

CryptoHolic · March 1

Dogecoin was launched on December 8, 2013 by Billy Markus, an IBM programmer. Markus' goal was to create a fun cryptocurrency that was more accessible than Bitcoin, which was attracting a lot of attention at the time.

Birth of Dogecoin:

Markus was inspired by the "Doge" meme, an image of a Shiba Inu dog with a funny face and the words "doge" and "wow". This meme spread widely on social networks in 2013 and caught Markus's attention.
Markus partnered with Jackson Palmer, a product manager at Adobe, to develop Dogecoin.
Dogecoin is built on top of Litecoin, another cryptocurrency with faster transaction speeds than Bitcoin.
Initial development:

Dogecoin quickly attracted the attention of the online community thanks to its fun and accessibility.
After only 24 hours of launch, DOGE value increased by 300%, demonstrating impressive initial attraction.
The Dogecoin community quickly formed, with participants supporting and using the currency.
Volatility:

However, Dogecoin also experienced many fluctuations.
In December 2013, DOGE value dropped 80% due to over-mining.
After that, DOGE value gradually recovered and continued to grow in the following years.
The relive:

Dogecoin received great attention from the online community in 2021, partly thanks to the support of Elon Musk, the famous technology billionaire.
DOGE value skyrocketed in a short period of time, making Dogecoin one of the most valuable cryptocurrencies.
Currently:

Dogecoin remains a highly volatile cryptocurrency.
Its value can increase or decrease sharply in a short period of time.
The Dogecoin community continues to develop and support this coin.
Conclude:

Dogecoin has an interesting and turbulent history. It is a unique cryptocurrency with the potential for future growth. However, Dogecoin also comes with risks due to strong fluctuations in value. Therefore, you should research carefully before deciding to invest in Dogecoin.

Reference: https://nam1909.wixsite.com/trust-crypto/post/dogecoin-chú-chó-shiba-đáng-yêu-của-thị-trường-tiền-điện-tử