Wow, Such Coin
The beloved Dogecoin has always been a popular meme within the crypto-verse and has developed an intensely devoted following since.
The cryptocurrency was initially released as somewhat of a joke. Despite the irony, it has gone from strength to strength thanks to the backing and actions of an incredibly enthusiastic and philanthropic community which includes the likes of Tesla founder Elon Musk who famously tweeted:
Now, the Shiba Inu image that so famously rests on the face of the coin has found itself listed on one of the world’s most prominent cryptocurrency exchanges, Binance.
DOGE appears to be gaining traction as a legitimate cryptocurrency, despite the open-source coin rarely having, if ever, taking itself seriously as a key player in an extremely competitive industry. In 2018, the crypto-meme was reported to have nonetheless outperformed bitcoin and ether in the markets, landing a spot in the top 20 cryptos at the time. Presently, DOGE sits at a healthy 27th on CoinMarketCap, beating out the likes of VeChain (VET), Basic Attention Token (BAT) and Bitcoin Gold (BTG).
Chiming in on the news, Binance CEO Changpeng Zao (CZ) took to Twitter to briefly explain the move:
In May 2019, Dogecoin was picked up by the Coinbase iOS and Android wallet, once again marking an odd yet brilliant moment for the crypto-experiment. Perhaps it is purely based on the drive of the community who in 2014 famously sponsored Nascar racer Josh Wise to the tune of $45,000 resulting in this wonderful moment:
Additionally, the Dogecoin community managed to raise over $25,000 for the Jamaican bobsled team, funding their Olympic dreams and getting them to the Winter Olympics in Sochi, 2014.
Where DOGE goes from here is anyone’s guess. The coin has had a remarkably successful existence without any real upgrades, enhancements, or industry adoption to speak of. The value of the coin itself up until now has been relatively stable, though perhaps DOGE will remain a staple in the crypto world and beyond, propelled by an extremely enthusiastic fanbase.