Today, one of the most popular memecoins Dogecoin (DOGE) was fulfilled exactly 11 years. At the moment, the token rate is $0,43, and over the last month, the coin rate has increased by more than 115%.
Memcoin was created on December 6, 2013, by programmers Billy Markus and Jackson Palmer. They developed the asset as a parody of the payment system, mocking the speculative excitement around cryptocurrencies that had developed at that time.
Despite the humorous component Dogecoin quickly became popular in the community and won the support of American billionaire and businessman Elon Musk. The coin's symbol was a photograph of a Shiba Inu dog named Kabosu, who died on May 24 2024 year.
Other project creators have also decided to use images of dogs of this breed for their coins, for example, Shiba Inu , Dogwifhat, FLOCIA , Neiro and many others.
Currently capitalization Dogecoin exceeds $63 billion. Memcoin has become the largest in this indicator among similar coins and ranks seventh in the overall cryptocurrency ranking according to CoinGecko.
Much of the memecoin's popularity is due to its active and cohesive community, and to Elon Musk himself, who regularly tweets about the token.
