From Memecoin to Billion Dollar Player - Dogecoin Breaks $1 Bln

[david13D]

Dogecoin, which started as a parody cryptocurrency, has now broken the $1 bln market cap showing how far virtual currencies have come since Bitcoin’s inception in 2009.

Four years after the Bitcoin genesis block was mined, programmer Billy Markus coded his very own cryptocurrency in 2013. With the help of Jackson Palmer, a product manager and data analyst at Adobe, Dogecoin was brought to life, meme and all.

Taking up the popular internet meme of the Shiba Inu dog, the creator envisioned the cryptocurrency to be a friendly online payment system, although its rise in popularity may not have been intended.

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[gentlemand]

I do not regard this as an encouraging sign.

[talkbitcoin]

the only thing that this shows is that people regard altcoins purely as an speculation tool and nothing else, even if their market capitalization is an arbitrary large number. there is no usage for Dogecoin! what has it achieved after all these years? what merchant is accepting this crypto"currency"?

these are the factors that matter not market cap!

[Cryptoshops]

People do accept Dogecoin

https://www.dogecoins.com/spend.php

https://www.reddit.com/r/dogecoin/comments/6f7an7/list_of_stores_and_merchants_that_accept_dogecoin/

https://coinreport.net/top-5-places-spend-dogecoins/

Also anybody who use Coinpayments on their sites can accept Dogecoin too

[Cryptoshops]

Dogecoin is also very very cheap to buy so you can buy thousands then just leave them for a year or so and gain a profit

I have over 13k of them and they were worth nothing when I got them now they are worth $188 so its still profit and Doge is also a good way for new people to play with cryptocurrencys without loosing huge amounts of money

[hyet24]

the only thing that this shows is that people regard altcoins purely as an speculation tool and nothing else, even if their market capitalization is an arbitrary large number. there is no usage for Dogecoin! what has it achieved after all these years? what merchant is accepting this crypto"currency"?

these are the factors that matter not market cap!

At least they are trying. lol  I'm a bit tired of bitcoin being the only coin because that $5 purchase in Steam cost me $12 extra.   And people complain about small payments flooding the network during that race to $19k.   Wasn't everyone thinking bitcoin could be used in the groceries?   These stuff keeps money in the market-cap.   Imagine people getting paid by and using that towards necessities without exchanging to fiat.   These things could keep money inside but the fees hurt the idea a lot.  I would love to pay electric, house, internet and gas bill in bitcoin.   Those employees get paid in bitcoin.   Everything would circulate instead being one way out when needed.

[niotib]

the only thing that this shows is that people regard altcoins purely as an speculation tool and nothing else, even if their market capitalization is an arbitrary large number. there is no usage for Dogecoin! what has it achieved after all these years? what merchant is accepting this crypto"currency"?

these are the factors that matter not market cap!

Near all transaction processors based on cryptocurrencies support on Dogecoins as Altcoin payment gateway. One of the main reasons I like this coins because the low transaction fee (Yet).

[cipher-x_09]

I technically as a bit of encouraging one though too risky if you ask me, because you could ask yourself what if it fails then what will happen to all your properties and money.

[Lucius]

I remember Dogecoin as one of the first coins I start to collect and use after BTC,and in that time many say that will not last long and it will go to 1 satoshi per DOGE or to 0.But this funny cryptocoin is still here and for smart traders always brings profit.Few weeks ago it was under 20 satoshi per DOGE,today is 91 satoshi and few months ago it was over 150 satoshi.Because of very low fee it is very popular among users,especially those who just enter the crypto world.Too bad DOGE have unlimited supply,it would be interesting if there is some limit

[jjacob]

Dogecoin, which started as a parody cryptocurrency, has now broken the $1 bln market cap showing how far virtual currencies have come since Bitcoin’s inception in 2009.

Four years after the Bitcoin genesis block was mined, programmer Billy Markus coded his very own cryptocurrency in 2013. With the help of Jackson Palmer, a product manager and data analyst at Adobe, Dogecoin was brought to life, meme and all.

Taking up the popular internet meme of the Shiba Inu dog, the creator envisioned the cryptocurrency to be a friendly online payment system, although its rise in popularity may not have been intended.

The fact that a coin which was created as a joke has crossed $1Bn in market capitalization makes me worry. It is an inflationary coin and has hardly seen any development. When people say that the crypto market is not made up of rational investors, this seems to be evidence towards it.

[nc50lc]

This should be moved to Altcoin (Speculation) or Altcoin Discussion.

Am I supposed to say WoW?
Anyways, The remaining developers are getting scared of what happened rather than being fascinated.
That was totally rational response knowing that the coin is debilitated as a Joke Currency.
But the market sees it as an easy cheap alternative to deposit and withraw funds from exhanges, leading it to be the oldest stable shitcoin available.
Either way there is no future for this coin.

[maxxdxx]

Mined several years back about 100k coins.No matter the exchange rate, I always feel at peace and among the stars with dogecoin. It might go back down closer to 1 cent for a bit, especially if btc takes off again.

[Kavallo]

I do not regard this as an encouraging sign.

  Lol - I couldn't have expressed it better! Cryptoland may be the state of the art of money of the future, but the mere existence and price path of Dogecoin is casting a serious shadow of the sanity of this whole world.