Doge coin—— A "joke" in digital assets

"I am a dog in the meta-universe, and I am in dogeking." Shen Teng hit the nail on the head in the Spring Festival Evening sketch. His original intention was to satirize the universe and dogecoin. I didn't expect reality to be more magical. Speculators poured into the exchange, and the virtual currency with the same name as "dogeKing" soared 542 times in a short period of time. In the Spring Festival Evening, the wealth code was hidden, and Shen Teng became the spokesperson of dogecoin.

What the hell is this dog? Actually, dogecoin is a joke, but now the joke is getting bigger and bigger. Dogecoin was born on February 8th, 20 13, and was jointly created by jackson palmer, an Australian brand and marketing expert, and billy markus, a programmer in Portland, Oregon, USA. Nine years ago, in order to satirize the speculative atmosphere in the Bitcoin circle, dogecoin was jointly created by two founders, with an exaggerated and playful doge dog expression pack. More ironically, however, the price of dogecoin soared today because of speculators' hype.

The whole development process of dog coin took only three hours, and most of these three hours were spent adjusting graphics and fonts. A week after Palmer posted the tweet, Doecoin came out, and the process of coming out was very casual, because Marcus was still at work at that time, and he went online to find Doecoin during his lunch break. Generally, digital currency needs to use blocks for excavation, but dogecoin did not design this link. The reason is that they didn't seriously want to introduce a cryptocurrency. Palmo once personally said that we thought it was a big joke, but in this way, dog coins quickly became popular in the cryptocurrency circle and accumulated a large number of fans. Compared with other cryptocurrencies, the transaction speed of dogecoin is faster, and the confirmation time is 1 minute. Moreover, dogecoin has no upper limit of total amount, and it reaches 15 around July.

One week after dogecoin went online, it became a heavyweight currency in the field of tipping. Many users use dogecoin as a tip. In addition, dogecoin can also be used for donations. For example, the bobsleigh team bought by Qianfang won the qualification to participate in the Winter Olympics for the first time in ten years, but he didn't have enough money to participate. They posted a dogecoin address on subreddit, asking for donations. As big fans of the comedy Cool Run, Palmer and the dogecoin team decided.

In the words of Marcus and Palmer, they are allergic to the word "investment" and want to do more for charity. Therefore, Palmer and Marcus both donated all their dog money to these large-scale charitable activities. They helped Kenya build wells and raised funds to help train rescue dogs to help autistic children. Later, with the continuous development of Doecoin community, there were more and more speculators, which seriously deviated from the original development intention of Doecoin. People began to care about the price of Doecoin, and more people began to invest in Doecoin, which led Marcus to leave the community and give up Doecoin. However, dogecoin continues to be popular, and the highest price even exceeds 3 yuan RMB, which is outrageous. Coupled with the promotion of some celebrities, dogecoin was fired.

Pushed by celebrities and speculators, he cannot be described as unpopular. Dogecoin's popularity is inseparable from the promotion of Elon Musk. Until June 5438+10 this year, Musk was still supporting dogecoin. On June 5438+1October 65438+April, some products of Tesla's American online store accepted DoCoIN as a payment option, which just proved Musk's previous promise that in the future, some Tesla peripheral products could be purchased with DoCoIN. Dogecoin rose in the short term, and the intraday increase expanded to 20%. Under the influence of Musk's celebrity effect, dogecoin's growth can be said to be smooth sailing and his value soared. The current Russian-Ukrainian war has also promoted dogecoin. The Ukrainian side has indicated that it will accept donations of cryptocurrency, and dogecoin is one of them. In this case, it is meaningless for dogecoin not to be angry.

However, dogecoin itself is of little value. Most of its $90 billion market value is based on Musk's fans. Once Musk announces his denial of Doecoin, Doecoin will die suddenly and countless people will face an explosion. As we all know, dogecoin originated from a joke, without any technology, but the dog world gave him life. His tipping culture and charitable dedication have created dogecoin, which is still active in the currency circle after nine years of baptism. The highly active promotion of the community has given him extra value. As the saying goes, the value of money speculation is not high, and even the endorsement of a professional team is not needed. However, as long as one person takes over, you will never lose money when you go home. Just like delivering a parcel, you can make a fortune as long as you keep drumming, so dogecoin is not suitable for high-priced income, so you should be cautious in investing.