Dogecoin has yet again snatched headlines in news after reaching new record-breaking values of the currency. Dogecoin’s project, which probably started as a joke many years back, is now becoming one of the more familiar cryptocurrencies.
Recognized by the famous funny Shiba Inu (dog) logo, this Crypto grew to its record-breaking high price after SpaceX founder Elon Musk tweeted, “Who let the Doge out.” This was the second time in a short span of time when Musk tweeted about Dogecoin on his Twitter handle that led to its wide spread among other cryptocurrencies that are available in the market. The Dogecoin digital currency is in a list of one of the many alternatives to Bitcoin.
More than 128 billion Doge coins are already in flow. However, this could only be the typical tip of the iceberg as investors are showing their keen interest on this crypto after Tesla CEO Elon Musk tweets.
So, what exactly is a Dogecoin?
Back in 2013 a project stared out simply as a joke; Dogecoin has always been one of the less popular cryptocurrency since the beginning as compared to Bitcoin or Ethereum. This particular crypto was developed by IBM computer engineer Billy Markus & Adobe engineer Jackson Palmer as a new decentralized crypto for peer to peer trades.
What catches people eyes about Dogecoin is its unique logo which seems to have a Japanese dog breed Shiba Inu as the symbol for this particular cryptocurrency. This caught the public’s attention as the “Doge” meme started becoming more and more common on the internet. Therefore, this peculiar branding gave the Dogecoin a significant peculiarity among other cryptocurrencies.