Dogecoin started as a joke that quickly gained popularity

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According to him, Dogecoin was another clone, but he didn't take himself seriously.

Over the next few years, Dogecoin became popular among cynical nihilists who found the concept of currency a farce. They preferred to have fun. For example, in 2014, Dogecoin holders raised $30,000 to send the Jamaican bobsled team to the Winter Olympics, citing the 1993 film “The Great Race,” and donated $50,000 to Charity: Water, a charity that provides clean drinking water to developing countries.

Palmer left the crypto community in 2015, handing over development kenya number data responsibilities to a group of community followers. “I saw this field being taken over by opportunists looking to make money, rather than those who invested in the development of the technology,” Palmer wrote.

The value of Dogecoin is that it is based on a meme
As long as computers can do the math, Dogecoin may never run out. Unlike Bitcoin, which has a limited supply, this cryptocurrency can be bought and sold at a low price. Over the past decade, Dogecoin has been available in the thousands for next to nothing, making it easy to accumulate. This “friendly, low barrier to entry,” according to Marcus, has allowed the coin to become more popular than most ironic works of art.

Over the past few years, the popularity of cryptocurrencies has grown significantly. The cost of Bitcoin has reached a record $64,000. This provokes fear of a missed opportunity among the public and stimulates further growth in quotes.

“I think the market has been trying to figure out what the true value of all cryptocurrencies is for the last 12 years,” Marcus says. “And it hasn’t figured it out yet.”