Doge is an online meme that gained a lot of popularity in 2013. The meme basically has a photo of Kabosu, a Shiba Inu dog, with multicolored text in the foreground in Comic Sans typeface. The meme, which was dubbed Know Your Meme’s “top meme” of 2013 and is based on a 2010 photo, first attracted attention in late 2013. Late in 2013, the Shiba Inu was prominent in pop culture, and in December of the same year, Dogecoin, a cryptocurrency based on Doge, was introduced. Doge was one of the top Internet memes of the 2010s, according to a number of online polls and media publications. Following its use in a post titled “LMBO LOOK AT THIS FUKKEN DOGE” on Reddit in October 2010, the meme started to gain more popularity among its audience. And that’s where these doge clothing and tether t shirt came into the trend for the memers.
What is Dogecoin?
Jackson Palmer, a former employee of Adobe, jokingly suggested in a 2013 tweet — (which, sadly, has now vanished only into virtual worlds) about investing in ‘Dogecoin’, his joke cryptocurrency, he never thought people would do it in real. Jackson Palmer collaborated with IBM developer Billy Markus to develop the cryptocurrency. What began as a “joke” turned into a phenomenon in the world of virtual currencies. It rose to the fifth-largest cryptocurrency in the world by 2014, and its supporters even organized “Dogecon,” a convention in San Francisco. Though it isn’t all simply jokes and puns, in 2014 it was employed as a strategy to promote fundraising for Athletes who had qualified but couldn’t afford to travel to Sochi Winter Olympics. It even served as a huge help for the construction of a well in Kenya’s Tana river basin.
Why is it trending now?
You may be familiar with GameStonk, another recent meme that is very popular. The fine folks at Reddit’s WallStreetBets, who were instigating a conflict between investors and hedge funds, were also interested in Dogecoin. Similar to the frantic trading that increased GameStop’s stock market price, Dogecoin saw a 900 percent rise in value in just 24 hours. Support along with well-known celebrities like Elon Musk, Snoop Dog, and Gene Simmons helped to strengthen this rise. At the time of writing, Dogecoin is currently valued at the market at Rs. 36.27 (CoinMarketCap). Dogecoin still has a long road ahead to go if it wishes to be in the top three, as opposed to Ethereum, which is presently priced at Rs. 3,18,089, and Bitcoin, which is currently valued at Rs. 42,00,723.
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