What's dogecoin's short-term market like?

In the past 48 hours, dogecoin rose wildly from 0.00726 USDT to 0.084 USDT, 8 times on the first day and 10 times on the second day. Coinmarketcap data shows that dogecoin's market value has ranked among the top seven.

According to the encrypted data provider The TIE, the daily tweets of dogecoin soared by 1787% yesterday. There were 8999 1 tweets about dogecoin within 24 hours, which was the first time that the number of tweets on Shanzhai Coin Day exceeded that of Bitcoin.

Some cryptocurrency investors lamented: "The increase of dogecoin in the past two years has not been as much as today." Some investors joked: "The currency circle exists only to tell a simple truth that people are not as good as dogs."

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The origin of dogecoin

Dogecoin was originally just a joke cryptocurrency, which originated from the meme of a picture of Shiba Inu in 20 13 social network.

At that time, the concept of cryptocurrency began to rise, and Palmer, an Australian marketer of one of the largest technology companies in the world, made a joke on the two hottest topics on the Internet: cryptocurrency and Doge. Twitter: "Investing in Doecoin-I'm pretty sure this is the next big thing." , bought the domain name of Dogecoin.com and printed Shiba Inu on the coin.

This joke was supported by an IBM software engineer who was obsessed with video games. They continued this joke, really created a new cryptocurrency-Dogecoin, and relied on its self-deprecating characteristics to have a huge community, thus continuing to become one of the old cryptocurrencies in the cryptocurrency world.