ADVERTISEMENT

Dogecoin

Cryptocurrency created as a joke

Dogecoin, created by Billy Markus and Jackson Palmer, features a Shiba Inu dog logo. Despite its satirical origin, it gained popularity and reached a peak market capitalization of over US$85 billion in 2021. It is known as the first 'meme coin' and 'dog coin', with a dedicated online community. Dogecoin is based on the Scrypt algorithm.

Related

Coinbase Ethereum Ripple Reddit Metaverse Binance Snoop Dogg ByteDance Vitalik Buterin PayPal

Timeline

Dogecoin Introduction

Dogecoin, a cryptocurrency featuring the Shiba Inu dog, was introduced in 2013 as a fun and friendly digital currency.

Launch of Dogecoin

Dogecoin was officially launched on December 6, 2013, and quickly gained popularity, attracting over a million visitors to Dogecoin.com within the first 30 days.

Significant Increase in Dogecoin Value

Dogecoin jumped nearly 300% in value in 72 hours, rising from $0.00026 to $0.00095, with a volume of billions of Dogecoins traded per day.

First Major Theft of Dogecoin

Millions of coins were stolen during a hack on the online cryptocurrency wallet platform Dogewallet, making it the most mentioned altcoin on Twitter at the time.

Fundraiser for Jamaican Bobsled Team

On January 19, 2014, the Dogecoin community established a fundraiser to raise $50,000 for the Jamaican Bobsled Team, resulting in a significant rise in the Dogecoin to Bitcoin exchange rate.

Doge4Water Campaign Success

The Dogecoin Foundation successfully collected donations to build a well in the Tana river basin in Kenya, raising a total of Ð40,000,000 before World Water Day (March 22) in 2014.

Dogecoin Community Sponsors NASCAR Driver Josh Wise

On March 25, 2014, the Dogecoin community raised Ð67.8 million to sponsor NASCAR Sprint Cup Series driver Josh Wise. The No. 98 car featured a Dogecoin/Reddit-sponsored paint scheme and was driven by Wise at the Aaron's 499 at Talladega Superspeedway.

Josh Wise Wins Spot at Sprint All-Star Race with Dogecoin Community Support

On May 16, 2014, Josh Wise won a spot at the Sprint All-Star Race through an online fan vote, largely due to the efforts of the Dogecoin Reddit community. He finished the race in fifteenth place.

Improvement of Inflation Rate

The inflation rate of Dogecoin improved over time, starting at 5% in 2015 to less than 4% by 2019, 3% by 2027, and 2% by 2035.

Discontinuation of Dogetipbot

In May 2017, Dogetipbot was discontinued and taken offline after its creator declared bankruptcy, resulting in many Dogetipbot users losing their stored coins.

Dogecoin reaches peak during cryptocurrency bubble

During the 2017 to early 2018 cryptocurrency bubble, Dogecoin briefly reached a peak of $0.017 on January 7, 2018, putting its total market capitalization near $2 billion.

Elon Musk's First Dogecoin Tweet

On December 20, 2020, Elon Musk tweeted 'One Word: Doge', which led to a 20% increase in the value of Dogecoin.

Dogecoin Sponsors NASCAR Xfinity Series Team B. J. McLeod Motorsports

On March 2, 2021, NASCAR Xfinity Series team B. J. McLeod Motorsports announced that Dogecoin would be sponsoring the № 99 car in the Alsco Uniforms 300 at Las Vegas alongside Springrates.

Dogecoin reaches $0.10 and $0.45 in April 2021

Dogecoin first reached $0.10 on April 14, before hitting a new high of $0.45 on April 16, with a volume of nearly $70 billion traded in the preceding 24 hours.

Musk's 'Doge Barking at the Moon' Tweet

On April 15, 2021, Elon Musk tweeted an image of Joan Miró's Dog Barking at the Moon painting with the caption 'Doge Barking at the Moon', which resulted in a more than 100% rise in the price of Dogecoin.

Dogecoin value surpasses $0.50

On May 4, 2021, the value of Dogecoin first surpassed the symbolic hurdle of $0.50.

Dogecoin's Price Drop During Musk's SNL Appearance

On May 8, 2021, Dogecoin fell as much as 29.5% during Elon Musk’s Saturday Night Live appearance.

SpaceX announces rideshare mission funded by Dogecoin

On May 9, 2021, SpaceX announced a rideshare mission to the Moon completely funded by Dogecoin, becoming the first space mission funded by a cryptocurrency.

Re-establishment of the Dogecoin Foundation

On August 14, 2021, the Dogecoin Foundation announced the re-establishment with a renewed focus on supporting the Dogecoin Ecosystem, Community, and promoting the future of the Dogecoin Blockchain.

Tesla's Acceptance of Dogecoin

On December 14, 2021, Dogecoin spiked more than 20% after Elon Musk announced that Tesla will accept the currency as a means of payment for Tesla merchandise.

Complaint Against Elon Musk

On June 16, 2022, Elon Musk was named in a complaint seeking damages of $258 billion for promoting Dogecoin, which the plaintiff claims artificially inflated the price.

Price Surge of Dogecoin

In September 2022, Dogecoin experienced a price surge, reaching $0.1380, indicating a significant increase in its value within a short period.

Musk's Deal to Take Twitter Private

On October 27, 2022, Elon Musk completed a deal to take Twitter private, leading to a sustained rise in Dogecoin prices.

Twitter's Doge Meme Logo Change

Between April 3 and April 7, 2023, Twitter's bird logo was replaced with an image of the Doge meme for desktop users, resulting in a rise in Dogecoin prices.

Dogecoin Price Index

The price of Dogecoin per day from June 18, 2021, to March 13, 2024, was tracked, providing valuable insights into its price fluctuations over time.

End of the Timeline
Dogecoin

Popular

American retired Navy SEAL and ultramarathon runner.

David Goggins

Short-form video hosting service

TikTok

Alessandro Volta

Italian physicist and chemist

Michael Faraday

English scientist in electromagnetism and electrochemistry.

Nigerian Civil War

Nigerian Civil War - Biafran War

ADVERTISEMENT

Recently Added

Brighton & Hove Albion F.C.

English professional football club in Brighton and Hove

Professional football club in West London

Burnley F.C. is a football club in Lancashire

A.F.C. Bournemouth

Football club with roots dating back to 1890

Gustave Courbet

French Realism painter and innovator

ADVERTISEMENT