Dogecoin is a type of cryptocurrency, which basically means that it doesn't truly exist except in cyberspace. A cryptocurrency has no innate value unless one is backed by something, and as such, they are often compared to high stakes stocks. A cryptocurrency is only worth what people are willing to pay for it, whether it be one penny or one-sixteenth of a penny, a cryptocurrency's value is defined by those willing to pay for it. Because of this, when a cryptocurrency has a sudden increase in theoretical value, it quickly becomes a big deal. This is what happened with Dogecoin, which recently saw an explosion in value the past two weeks among the WallStreetBets GameStop Short Squeeze.

DizzleCoin

(Source: Reddit)

Markets Are Unpredictable

HE DID THE THING!!

In that space where memes and finances converge, there is a currency called Dogecoin that came around during the big altcoin boom following Bitcoin's mercurial rise in value. During this time, many gimmick coins were made (also known as shitcoins), with varying levels of "real-world application," but one of the most popular was literally just a crypto coin with the Doge meme as its logo. Years later, and it still manages to get a few headlines here and there, as it is the chosen crypto of the meme people. Whether invested in as a way to hurt the financial systems, a way to simply move money more easily or because of a coordinated pump-and-dump scheme, Dogecoin had a sharp incline in value and a social media campaign to try and get it to reach $1 per coin.

Look Out Behind You!

(Source: Reddit)

FAT STACC

(Source: Twitter)

Where We End Up, Nobody Knows

(Source: Reddit)

Software That Makes My Wallet Hardware

(Source: Reddit)

Trust Me Mom This Literally Can Not Go Tits Up

(Source: Reddit)

I Seriously Doubt This TBH

(Source: Reddit)

Those PlayMobil Pirate Ships Are Kinda Cringe Bro

(Source: Reddit)

Coinks

Go Back To Playing Fortnite

(Source: Reddit)

This Is The Way

(Source: Reddit)

Oh Lawd He Coming

(Source: Reddit)

Pulled A Sneaky On Ya

(Source: Reddit)

She'll Never Know

(Source: Reddit)

Let Them Fight

(Source: Reddit)

You Got A Doge In Me… Wait Not Like That.

(Source: Reddit)

TikTokkers For Doge

(Source: Reddit)

To The Moon, AND BEYOND!!

(Source: Reddit)


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Comments 1 total

ImperatorZor

Bitcoin was always a joke.
Dogecoin is a better joke.

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