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Dogecoin (DOGE) The most expensive joke of all time

 


A token supply of 100 billion, increasing by 5 billion every year, "Comic Sans" as the official font, the face of the famous Shiba Inu "Doge", which was the most famous meme on the internet in its heyday, and a development team that obviously didn't think much of crypto (and still doesn't): It was almost impossible when it was founded not to take the first meme cryptocurrency Dogecoin (DOGE), created in 2013, as a joke.

But in the meantime, DOGE was even able to fight its way into the top ten most valuable cryptocurrencies, almost surpassed the 1 US dollar mark thanks to a popular TikTok trend and reached a high of 89 billion US dollars in May last year.

Nobody expected this success, let alone planned it, especially not the inventor friends of Dogecoin, Jackson Palmer and Billy Markus.

But it is precisely the point of their joke - the almost inexhaustible token supply and the addition of five billion tokens per year - that explains the interim success of the project.

Because the memecoins serve an important purpose in the crypto space and democratize the (decentralized) financial world.

At least that's what the memecoin fans claim. Thanks to its low transaction costs and high speed, the cryptocurrency is also affectionately referred to as “bitcoin for microtransactions”. And such a project has its right to exist in crypto space.

You can read what is behind the songs of praise for the original memecoin and how the story behind the creation of Dogecoin continued in the new BTC-ECHO magazine - now in stores !


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