Dogecoin no joke anymore with a market cap of $18.63 billion
- In the week leading up to Doge Day 2021, the token price surged by 470%.
- Doge Day began in 2021 as an attempt by the community to pump the price to $1.
- Critics of the coin see it as a Ponzi scheme where early adopters make money and the rest lose out.
Doge Day is the annual celebration of the most famous meme coin of all: Dogecoin. Despite the recent cryptocurrency dips, the token that was launched ‘as a joke’ is still going strong. With the second Doge Day on April 20th, 2022, will people start taking this joke more seriously?
Dogecoin launched as a joke token on December 6th, 2013. Nearly a decade later, the famous meme coin with a Shiba Inu logo has its own day and a community of fans and followers.
A brief history of Dogecoin
Dogecoin was launched on December 6th, 2013 by Billy Markus and Jackson Palmer. The two men said they wanted to create something more accessible for users than…