In 2013, Software Programmers, Billy Markus and Jackson Palmer created Dogecoin. Dogecoin was in direct response to the fuss made in respect to Bitcoin Spinoffs.
It has been argued that in the thoughts of Markus and Palmer is that if other persons can create a coin that they themselves can also create their own coin.
An iconic chubby Shiba Inu dog is the coin’s avatar, of whose face rose to prominence as a meme which is accompanied by awesome phrases like ‘Very Impress and Much Wow’ After the launching of the coin, it took off shortly and has taken a cult status.
Celebrities like Musk have boosted Dogecoin, after Bitcoin’s Bull Run took off in the winter and of which at a market cap of $17 billion, Dogecoin got to its peak.
The bullishness for Doge is quite high among celebrities and so Elon Musk is not alone, rapper Lil Yatchy, earlier this year has stated that he will be investing a third of his savings into Doge. Also, among the celebrities on Dogecoin is also, Kiss Bassist Gene, Simmons and Snoop DOgg, an old school hip hop legend, all joining Musk, announced their present purchases of the currency.
Twitter metrics analysis shows that Dogecoin wasat one point more popular than bitcoins. Also, in February has 10.4 % of all crypto mentioned on the platform, while on the othehr polarity Bitcoin lagged behind at 10.1 %