New feat for the DOGE – The world of cryptocurrencies is home to a pack of innovative projects and original ideas. Among them, Dogecoin (DOGE) stands out as the true king of memecoins. With its irresistible charm and devoted community, the DOGE knew how to conquer the hearts of investors and cryptocurrency enthusiasts, helped by his faithful friend Elon Musk.
The pedigree of the Dogecoion (DOGE)
Let’s go back to its genesis. THE Dogecoin was born in 2013. Its history dates back to an internet meme featuring a shiba inus, a breed of dog originating in Japan, renowned for its joviality. This meme quickly went around the world, capturing the imagination of netizens. The creators of Dogecoin, Billy Markus And Jackson Palmer, then sniffed out the opportunity to bring a one-of-a-kind cryptocurrency to life. And the DOGE was.
Inasmuch as memecoin, the Dogecoin very quickly became a special animal in the crypto ecosystem. Humorous in nature and initially presented as a simple joke, the memecoin managed to create a sense of belonging, it became viable thanks to its community. Dogecoin pioneered this concept, paving the way for memecoins and other shitcoins that populate our beautiful ecosystem.
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When the Dogecoin network beats Bitcoin
Despite its popularity, Dogecoin needs to find its bones against some challenges. There cryptocurrency market volatility is one of the major hurdles this crypto is facing. Additionally, some reviewers may bark at thehumorous origin of the Dogecoin, questioning its legitimacy as a serious investment. However, Dogecoin has many enticing prospects.
Recently, the Dogecoin network even recorded a new high daily transactions. According to data from BitInfoCharts, trading volume has exceeded 719,000, surpassing even that of the Bitcoin network. This dramatic increase is largely attributed to users who create cryptos through frameworks inspired by the Ordinals protocol, also called “Dominals”.
Memes based on Dogecoin are created according to there DRC-20 token standardwhich mimics the functionality of the token standard Bitcoin BRC-20. This system allows users to integrate data into shibes, the smallest units of Dogecoin, making it easier to track fungible and non-fungible tokens within the network. This innovation has sparked a significant increase in user and developer activity.
Dogecoin isn’t the only memecoin in the news right now. Indeed, after hairy cryptocurrencies, it would seem that the crypto community has enthusiastically received the Pepecoin, a cryptocurrency directly inspired by Pepe the frog.
The DOGE, the one and only, the authentic original Shiba Inu has won its letters of nobility. The proof: it is one of the cryptos listed on the largest exchange. Register quickly on the Binance platformTHE gold standard in the industry, and save 10% on your trading fees by following this link (trade link).