What Outsiders Get Wrong About Dogecoin
Dogecoin has pawed its way into investment headlines, happily wagging its tail at doubtful critics. While bullish investors debate bearish concerns, celebrities of all kinds are endorsing the cryptocurrency. However, at the heart of Dogecoin lies its best-kept secret: Its joyful community of die-hard fans and supporters.
Could there be a successful future ahead for Dogecoin? For many of these loyal doge’s, what matters most isn’t how much they make — it’s the bond they share.
Who Let The Doge’s Out
In 2013, a meme featuring a picture of a Shiba Inu made the rounds on social media. Words added to the meme gave the dog a voice, using humorous phrases like “Many cute, such wow.” Eventually, internet users traced the fluffy canine to a 2010 blog post, where its owner accidentally misspelled the word dog as “doge.”
While the meme was gaining popularity around the internet, so had been cryptocurrency. That’s where Dogecoin comes in. In December of 2013, programers Billy Markus and Jackson Palmer created the cryptocurrency as a jab at Bitcoin. The official logo and mascot? You guessed it: Doge!
The Year Of The Doge
Dogecoin may have started as a joke, but it’s come a long way. Now, it’s turning heads in both the financial world and the general public.
Early adopters of Dogecoin had an opportunity lost on late-comers. Many who bought early did so at prices like $0.00026 per coin. At the time, an investment of $1,000 would have amounted to more than 3,800,000 dogecoins. Today, at a current value of $0.27 per coin, that $1,000 investment would be worth over $1M.
Recently, a 33-year-old from Los Angelos shared how he turned $180,000 into more than a million dollars in only two months.
Despite higher buy-in prices and wild volatility, some are still taking their chances and turning their investments into incredible gains. In the past year alone, Doge has soared upwards by around 11,195%. While some growth is due to celebrity endorsement and high-profile promotion, much comes from its powerful community.
The Doggone Doge Army
Lost on many outsiders is the heart of the Dogecoin movement: A loyal and overwhelmingly positive community. Amidst the infinite number of subreddits, you can find r/dogecoin, home to more than 1.6M Doge fans and self-proclaimed “Shibes” (a nod to dogecoin’s Shibu Inu mascot). Humorous memes and conversations about Doge-related topics are abundant.
Each day a new daily discussion thread is posted. All around the world and all day long, members interact with one another. They talk about the latest Dogecoin activity, express concerns about the market, and rally to strengthen their endeavor.
When a member has a question, people offer constructive answers. When someone is going through a rough time, their fellow Shibes can quickly lend their heartfelt support. Sometimes members post happy moments from their lives to the community, and the community is delighted to share in them.
While the Dogecoin community is undoubtedly a warm and accepting bunch, one thing that isn’t well-received is negative behavior or mean-spirited comments. The family-like unity and positive vibes are something to be admired, and it’s clear what draws so many to fall in love with the experience.
This energy is largely what drives what some call the “Doge Army” and its efforts to push Dogecoin to record highs. The community is determined to maintain its pride and loyalty, no matter the outcome. They know it could all come crashing down someday, but they’re committed to fighting the good fight, not just for themselves but for each other.
Every time a member turns into a new Dogecoin Millionaire, the community celebrates and is inspired to push harder. When people are looking for hope for a better future, maybe it’s not a bad thing this positive community exists — one that dreams of aiming for the moon — together.
Perhaps someday, they will.