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.
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.
Dogecoin’s meme game is strong - but you will notice, if you use it, that it has real practical advantages.— Mishaboar (@mishaboar) March 2, 2022
Compared to BTC, you’ll notice it is cheap/fast to transfer while still being safe - so people can donate with minuscule fees.
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.
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