In the digital currency market, nothing seems impossible these days. The total market cap of the whole market is now totalling $750 billion. One of the cryptocurrencies contributing to this massive market is none other by the so-called Dogecoin.
Dogecoin was created as a joke to mimic the 2013 meme of a dog that went viral within months. Now, the digital currency with a face of a dog on it, has a total market cap of $2 billion. The currency was introduced in 2013, and in 2014, the total market cap of the coin was around $60 million and in December, 2017 – $1 billion. The current price of Dogecoin now is around $0.020.
According to Stuff, the founder of Dogecoin, Jackson Palmer, said:
“I have a lot of faith in the Dogecoin Core development team to keep the software stable and secure, but I think it says a lot about the state of the cryptocurrency space in general that a currency with a dog on it which hasn’t released a software update in over 2 years has a $US1B+ market cap.”
The Dogecoin sponsored Nasdaq race cars and water wells in Africa, and helped the Jamaican bobsled team go to the Winter Olympics.
Now, the latest interest in Dogecoin speaks volumes about the popularity of the cryptocurrency market. According to press, there has never been so much buzz and information on the top 20 coins that contribute to the $700+ billion market than now.
Other “joke” coins have been around the international exchanges such as MoonCoin, PotCoin, Legendsroom, and even TrumpCoin.