Whether we rejoice or only perceive the heartbreaking immaturity of the crypto sector, the Dogecoin (DOGE) cryptocurrency is experiencing spectacular growth, taking full advantage of the aura and the colossal striking power and of influence from Twitter’s newest owner, Elon Musk. While the billionaire managed to single-handedly (and without announcing anything official on the subject) explode the value of Dogecoin by 120% in a few days, the explosive growth of the crypto-joke has benefited thousands of investors, some suddenly becoming millionaires.
The Shiba and us
who still remembers that Dogecoin was started as a school joke, from a fork of Litecoincoded in 4 hours, just for lol in 2013?
8 years later, and thanks to a free worldwide communication campaign organized by the Twittos in chief Elon Musk, the capitalization of the Doge currently approaching $20 billionafter a meteoric growth spurt in recent days, now boasting the asset at 8th place in the marketcap, hot on the heels of the stablecoin BUSD.
Take a good look at this figure: dogecoin now weighs as much as Solana and Polygon combined.
Not bad for a “token-meme”, a crypto asset whose only formal added value is to crystallize a strong community commitment around its astonishing charisma of laughing Shiba.
Amusing detail by the way, the “genesis” Shiba is called Kabosu and celebrates his 17th birthday today, we kiss him on the nose.