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The Story of Dogecoin 
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On Feb 23rd, 2010, Japanese kindergarten teacher Atsuko Sato shared photos of her dog 'Kabosu' on her blog.
On Oct 28th, 2010, A photo of Kabosu was shared on Reddit with the title
"LMBO LOOK @ THIS FUKKIN DOGE" (Nobody knows if it was a typo or intentional)
"LMBO LOOK @ THIS FUKKIN DOGE" (Nobody knows if it was a typo or intentional)
Sometime in 2012, the word 'Doge' reappeared in multiple platforms 
Then it went viral
Polite Doge, Subreddit - Doge & Daily Doge
People started sharing what their dogs are thinking in a single picture
Then it went viral
Polite Doge, Subreddit - Doge & Daily Doge
People started sharing what their dogs are thinking in a single picture
It got so viral that on Nov 20, 2013,
If you searched “Doge Meme” on Youtube
the text on the page becomes coloured Comic Sans font
If you searched “Doge Meme” on Youtube
the text on the page becomes coloured Comic Sans font
Jackson Palmer, a product manager at Adobe Inc., created Dogecoin in 2013
A mash-up of Bitcoin and Doge meme
His tweets about the currency got positive feedback,
He bought the domain dogecoin(.)com (4th Dec, 2013)
A mash-up of Bitcoin and Doge meme
His tweets about the currency got positive feedback,
He bought the domain dogecoin(.)com (4th Dec, 2013)
On the other hand, Billy Markus, A software developer at IBM wanted to create a coin but couldn't 
He discovered the Dogecoin buzz and reached out to Palmer to get permission to build the software behind an actual Dogecoin
He discovered the Dogecoin buzz and reached out to Palmer
to get permission to build the software behind an actual Dogecoin
6th Dec 2013, launched Dogecoin
Including the site & social media accounts.
Archive (Dec 7th):- http://bit.ly/7thDec2013
Including the site & social media accounts.
Archive (Dec 7th):- http://bit.ly/7thDec2013
Two weeks later on Dec 19, the value of Dogecoin jumped 300%
Three days later Dec 22nd, the first major crash. Dropping by 80% 
On Dec 25th, First major theft.
Millions of coins were stolen during a hack on platform Dogewallet.
Everything in a single week. What happened next is exciting
On Dec 25th, First major theft.
Millions of coins were stolen during a hack on platform Dogewallet.
Everything in a single week. What happened next is exciting
The incidents spiked tweets about Dogecoin (No PR is bad PR)
The Dogecoin community started an initiative named "SaveDogemas" to help donate coins
One month later, enough money was donated to cover the hack
The Dogecoin community started an initiative named "SaveDogemas" to help donate coins
One month later, enough money was donated to cover the hack
In Jan 2014, the community donated
- $30,000 to fund the Jamaican bobsled team's trip to the Sochi Winter Olympic games
- $11,000 worth of Dogecoin to build a well in Kenya
- $55,000 of Dogecoin to sponsor NASCAR driver Josh Wise
- $30,000 to fund the Jamaican bobsled team's trip to the Sochi Winter Olympic games
- $11,000 worth of Dogecoin to build a well in Kenya
- $55,000 of Dogecoin to sponsor NASCAR driver Josh Wise
Around the same time (Jan 2014),
The trading volume crossed Bitcoin and all other cryptocurrencies combined
thought the Market Cap was much smaller than Bitcoin.
The trading volume crossed Bitcoin and all other cryptocurrencies combined
thought the Market Cap was much smaller than Bitcoin.
Doge Fact:-
By its first birthday, Dogecoin has a market cap of $20 Million and a Loyal Fanbase.
By its first birthday, Dogecoin has a market cap of $20 Million and a Loyal Fanbase.
April 2015, Jackson Palmer announced
"Extended leave of absence" from the cryptocurrency community
"Extended leave of absence" from the cryptocurrency community
During the Cryptocurrency bubble (2017 & early 2018)
it peaked at $0.018/coin putting its market cap at 2 Billion dollars
it peaked at $0.018/coin putting its market cap at 2 Billion dollars
Summer of 2019, Saw another bump.
- Binance listed the coin
- Elon Musk reply.
- Binance listed the coin
- Elon Musk reply.
July 2020, Dogecoin spiked again
A Tiktok trend aiming to get the coin's price to $1
A Tiktok trend aiming to get the coin's price to $1
In Jan 2021, Dogecoin went up over 800% in 24 hours
Reddit users, Elon Musk and the GameStop Short Squeeze
Reddit users, Elon Musk and the GameStop Short Squeeze
Few more Elon's tweets
(Every time he tweeted… there was a spike haha)
(Every time he tweeted… there was a spike haha)
Even though this was a fun thread... this is not investment advice.
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Follow me @pradologue for more threads https://twitter.com/pradologue/status/1341613581712777216?s=20
If you enjoyed reading this... please go back up & RT the thread
Follow me @pradologue for more threads https://twitter.com/pradologue/status/1341613581712777216?s=20
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