Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
Dogecoin [DOGE], the market’s most popular memecoin, has rallied by 30% since the recent bull run began in mid-October. Closely following the price action of other leading cryptocurrencies, DOGE has proven to be a worthy player in the market.
Interestingly, it was only recently that Kabosu—the original dog that inspired the memecoin—turned 18.
Raising funds to commemorate Kabosu when she had a health scare last year was an incredible time. The Doge & Dogecoin communities from around the internet came together.
Amazing to see statue become a reality with @kabosumama and everyone else on Kabosu’s 18th birthday! https://t.co/rbG0MP6EhM
— Dogecoin Foundation (@DogecoinFdn) November 2, 2023
Launched in December 2013, the project began as a mockery of the hype surrounding cryptocurrencies. It primarily satirized Bitcoin [BTC] before becoming popular on online forums such as Reddit. It also registered a substantial trading volume soon, thanks to its low price. However, everything was supposed to be a big joke, a prank.
Alas, lo and behold, crypto-enthusiasts took it too seriously, and it is considered one of the most prominent altcoins today. This is evidenced by the fact that even in the past, AI bots have commented on Dogecoin’s performance.
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Author: Suzuki Shillsalot