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In 2013, software engineers Billy Markus and Jackson Palmer decided to create a payment system that would be fun and free from traditional banking fees.
The group featured the face of a Shiba Inu dog and called it “Doge”, based on a joke meme featuring a Shiba Inu with comic sans font in the background with broken English.
About 127 billion coins were circulated and since then many billion have been mined.
The coin sold from .00026 and went up by 300% to .00095. Three days later, the coin crashed by 80%.
By April 2015, Jackson Palmer announced he is taking an extended leave of absence. While Billy Palmer, who was laid off from his job, gave away or sold all his crypto, used the money to buy a Honda Civic.
2017
In late 2017, the coin was sold for .02 and I bought two purchases. One for around $20 (a little under 10,000 doge coins) and another order of 1,578 doge coins.
2020
Tesla/Space X owner Elon Musk then tweeted:
It’s inevitable pic.twitter.com/eBKnQm6QyF
— Elon Musk (@elonmusk) July 18, 2020
February-March 2021
Having forgotten about my Doge Coin, I find out that my first investment to a cryptoportal is now no longer accessible. With my 1,5789 coins, I figured, it went up to .08 and now it’s time to sell as I figured Doge would not grow that much. .002 to .008, might as well take advantage of it. Sold it for under $100 in February.
By March, it fell again to .005. But Mark Cuban who has purchased it allows the Dallas Mavericks to accept Dogecoin for tickets and merchandise.
March 4: Mark Cuban announces the Mavs will accept Dogecoin as payment for tix and merch. It’s $0.05 a coin.
April 16: Cuban says the Mavs have made 122K Doge from merch sales and the coin is up 500% this week alone. pic.twitter.com/NZ3Jwu211g
— Front Office Sports (@FOS) April 16, 2021
April 2021
Elon Musk and Slim Jim have posted…
Doge Barking at the Moon pic.twitter.com/QFB81D7zOL
— Elon Musk (@elonmusk) April 15, 2021
GET READY TO GO TO THE MOON TOGETHER! 1 WEEK TO GO!!!
We launch #DogeSlimJim on 4/20–
Let’s take Doing Only Good Everyday HIGHER 🚀#DOGE X SLIM JIM 👉 BENEFITTING WORLD CENTRAL KITCHEN‼️LET’S GOOOOO #DOGEARMY #DoOnlyGoodEveryday @WCKitchen
R 🚀 S E & SPREAD THE WORD! pic.twitter.com/GdPAX6y3qt
— Slim Jim 🚀 (@SlimJim) April 13, 2021
And sure enough, on April 16th, Dogecoin went up to .42 and now its rumored that on April 20th, Doge is expected to go up!
#DogeDay420 is in 69 hours‼️
(Don’t do the math, it’s the spirit that counts) pic.twitter.com/Qe9cSZQi73— Slim Jim 🚀 (@SlimJim) April 18, 2021
#DogeDay420 Get it trending. Let’s make some money 🚀 pic.twitter.com/y53d8uZUuw
— Frank Ayd 🇺🇸 (@frank_ayd) April 17, 2021
Personally, to see Dogecoin go this high is amazing and the fact that people are believing it will reach $1.00 would a big surprise to me.
I personally now have only a few hundred Dogecoins and 10,000 stuck in a wallet which I probably will not get access to again.
But with that said, it’s interesting to see Dogecoin trending and so many people on social media talking about it.
Personally, 4/20 is going to be interesting. Let’s just hope Robinhood and other popular brokerage and crypto platforms for people to purchase Dogecoin (especially to sell) doesn’t have their services crash once the price reaches its peak.
I know there are people who have disdain that people are purchasing Dogecoin as a possible pump and dump cryptocurrency and that they should hold on to it for the long term. Personally, I’m not one who will tell you what to do or not to do. But do ask yourself, aside from buying it to make money, does Dogecoin have any other redeeming reasons why you want to own it or #HODL until it reaches $1?.
If you want to purchase Dogecoin, you can easily start purchasing it on Robinhood or WeBull (and also get free stocks). Check it out!
