Can Dogecoin Be More Than a Meme?
A meme is a funny video or image, often creatively altered, that spreads rapidly on the internet. A popular meme in 2013 was that of a Shiba Inu dog that couldn't spell. It was referred to as a "doge" (pronounced dohj). As Bitcoin gained in popularity that year, two friends decided to create a parody digital currency and call it Dogecoin.
The joke is on everyone else. Dogecoin (CRYPTO: DOGE) gathered a small group of enthusiasts who organized publicity stunts to raise its profile. The meme-based cryptocurrency has exploded in 2021, up more than 8,000%, and has gained high-profile supporters like Elon Musk and Mark Cuban. Investors are beginning to wonder if the once laughable token will end up being something more.
Image source: Getty Images.
Source Fool.com