Dogecoin (DOGE) Did Only Good Everyday – Top Highlights of 2022

This year, DOGE barked up many trees, which provided plenty of adoption opportunities for the canine coin.

DOGE with a black T-Shirt on flying in space towards the moon

The top dog memecoin Dogecoin (DOGE) celebrated its ninth birthday on December 7th, 2022. However, the leading memecurrency lost 59.6% of its market price since the beginning of the year. The trials and tribulations of the grim crypto winter didn’t stop the DOGE Army from sharing light-hearted memes daily and words of encouragement for each other.

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Meanwhile, the DOGE developer team is grinding hard to bring new features to the self-sufficient 9-year-old memecoin. Among the accomplishments in 2022, DOGE also made significant progress in adoption. As the story goes, DOGE, once created as a joke by the mad programmer Billy Markus, is destined to become the centerpiece of a new, decentralized financial system.

1) Twitter Takeover

On October 27th, 2022, the world’s then-richest man Elon Musk finalized his Twitter acquisition deal for $44 million, thus changing the setting of the micro-blogging platform forever. Following the news, DOGE doubled its market capitalization, reaching a tremendous $19.47bn on November 2nd, 2022.

2) DOGE Tip Jar

The DOGE Tipping Jar extension has been in talks since the beginning of the year and was finally launched on 27th December 2022. The strong and united community behind DOGE nicknamed every Tuesday a ‘Tipping Tuesday.’

During Tipping Tuesdays, crypto enthusiasts would draw pictures, make memes, perform songs on Twitter throughout the year, and collect tips in DOGE. Now every website owner can integrate the DOGE Tip Jar into their website and collect donations in the top dog crypto.

3) Tesla and the Boring Company

While both of Elon Musk’s companies started accepting DOGE for merch, residents of the Vegas Loop received the sweetest treat. Every crypto enthusiast visiting the City Of Sins can pay just $2.50 in DOGE to take an unforgettable ride around the Las Vegas Loop. At press time, $2.50 converts to 37 Dogecoins, which gives the customer a full-day pass.

4) Google Accepting DOGE

The IT behemoth Google declared that it would start accepting cryptocurrencies for business customers. The Google Cloud service will offer payments in ten popular cryptocurrencies, including but not limited to the father of all cryptos Bitcoin (BTC), Ethereum (ETH), Dogecoin (DOGE), and Shiba Inu (SHIB).

5) DOGE and Ukrainian Armies Join Forces

The popular memecoin helped Ukrainian soldiers defend their country against the invaders. Even though Russia is also in the TOP 10 by crypto adoption, cryptocurrencies play a far more significant role in Ukraine.

The Deputy Minister of Digital Transformation of Ukraine, Alex Bornyakov, said that “cryptocurrencies save the lives of our soldiers,” mainly because of the higher speed and flexibility compared to traditional banking systems. Ultimately, NAFO, an internet meme movement that aims to fight against the disinformation spread by the disgraced occupier, uses the same Kabosu dog as its mascot.

On the Flipside

  • Kabosu, the Japanese guard dog that inspired Dogecoin (DOGE) and arch-nemesis Shiba Inu (SHIB), is seriously ill with cancer.

Why You Should Care

Dogecoin is one of the most widely covered cryptocurrencies by the mass media. On top of that, DOGE generates a substantial amount of social mentions for crypto on social media.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Tadas Klimasevskis

Tadas Klimaševskis is a Lithuanian journalist at DailyCoin, specializing in covering the lighter side of the crypto industry such as memecoins and pop culture in the metaverse. He has experience as a music artist, English language teacher, and freelance writer, and uses his creative writing skills to summarize valuable information in his work. He is also a strong believer in the potential of blockchain and spends his free time listening to music, traveling, and watching basketball games.