According to data from Binance Exchange, Dogecoin DOGE has a maximum value of close to 0.46 US dollars, an increase of more than 90 times during the year, surpassing USDT to rank fifth in the market value of cryptocurrencies.
Vitalik, the founder of Ethereum, said in an interview that comparing encryption projects in the United States, Europe, and Asia, the encryption space has a wide range, from idealism about things in the decentralized world to "Hey, let's trade, gamble, and make money." "Mode of thinking. The place that dominates the "Trading and Gambling for Money" section is not the United States. So efficiency is definitely not the only thing that matters in an idealized financial model. And the really cool thing in 2021 is trusting Dogecoin.
Compared with V God, Musk's admiration on Dogecoin is even more inexplicable and bold.
(Thanks to the Roast Boy Creators Alliance for supporting this article)
(Thanks to the Roast Boy Creators Alliance for supporting this article)
Meme attributes and tipping culture: the logo of the dog head can even interact wonderfully with cutting-edge technologies such as Musk's Mars.
Low unit price and wide audience: In 2019, most of the prices of dogs were still fluctuating between 0.002-0.005U, but no one thought that the market value of this kind of thing, which was originally just for fun and entertainment, had reached nearly 60 billion US dollars.
Almost decentralized: Although there are still early giant whale addresses, the founders have long had no Dogecoin.
Meme attributes and tipping culture: the logo of the dog head can even interact wonderfully with cutting-edge technologies such as Musk's Mars.
According to public information, Dogecoin was invented in December 2013 and is a novel and rapidly developing cryptocurrency. Judging from the name being given, Dogecoin seems to have been less serious since its inception-founders Marcus and Palmer were dissatisfied with the speculators in Bitcoin, and created Dogecoin based on the Bitcoin code. currency. At the time, not only did the two not expect Dogecoin to be as prosperous as it is today, but they also felt that it would be "a big joke destined to die."
The logo of Dogecoin is also very funny, which is the famous Shiba Inu smirking dog head in the emoticon world. However, nearly eight years have passed, and the value of more than a thousand small coins has returned to zero, but Dogecoin, as Musk said, "regardless of the sharp fall or skyrocketing, Dogecoin will last forever."
Since there is no pre-mining, the distribution of Dogecoin is fair, the culture of charity and rewards is very popular, and the user development is amazingly rapid. On June 9, 2015, the number of Dogecoin client addresses was 1.6 million, more than five times that of Litecoin; the number of active client addresses was 196,000 for Bitcoin, 83,000 for Dogecoin, and 11,000 for Litecoin; the number of foreign twitter followers was 150,000 The number of users is 1.7 times that of Bitcoin and 6 times that of Litecoin. The number of Facebook likes is the same as that of Bitcoin, far exceeding Litecoin. The daily real trading volume ranks among the top three virtual currencies for a long time, which is still not as good as it was before entering the big platform. The greatest value in the enterprise Internet era is the huge number of users. It took one year for the user base of Dogecoin to reach one-third of the number of Bitcoin users and four times that of Litecoin.
This vigorous vitality may be related to Dogecoin's own attributes, "cheapness and underestimation brought by super-issue" and "cultural identity brought by spoofs".
Musk naturally understands this well. After Bitcoin, he needs to once again verify the connection between his influence and the encrypted world through Dogecoin.
On February 4th, when the price of Dogecoin became weak and dropped 50% from the commanding height to around $0.04, Musk immediately stood up and introduced the "future king" to netizens with a spoof picture of "The Lion King". "Dogecoin, also meaningfully accompanied the text saying "You're welcome." After that, Musk sent several tweets in support of Dogecoin, saying, "I didn't drink too much, and I was not depressed. I only have Dogecoin in my heart", and praised Dogecoin as "the currency of the people", because we "You don't need to be a billionaire to have it."
And on April 1, Musk tweeted that he would use SpaceX to bring a Dogecoin to the moon. As soon as the news came out, Dogecoin rose in a straight line, and the increase expanded to more than 10%.
Musk was even dubbed "Dogecoin CEO" because of his frequent platform for Dogecoin.
If the encrypted world still becomes a quantum field of influence in the end, it is foreseeable that the blockchain will move from the ideal of decentralization to the embrace of centralization, just like the Internet did back then.
