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Doge coin is an alt coin that has been around for a few years. However, Doge has little utility besides entertainment value.
Interestingly, doge has had an enormous following among younger people. Why? Well maybe it is because it has the cutest spokes-dog of any alt-coin in the meta-verse.
Doge is depicted by the Shibu Inu dog. It became famous through its meme presence that went viral. The Doge coin mascot is famous for the tag line “To Da Moon….”, basically meaning that the Doge Dog was not going to stop until the price went to the moon.
In early 2021 the doge coin caught on fire and went up 100X. Teenagers everywhere who held their hundreds of doge coins (around .014 at the start of 2021) saw the value go to $0.14 per coin thus mining large profits for holders of the coin.
Still doge coin does not have a broad utility. You buy and sell the coin itself, but you cannot buy a lot of stuff with it.
Elon musk even promised to put “a literal Dogecoin on the literal moon.”
Mark Cuban is a Doge enthusiast and the owner of the Dallas Mavericks; the Mav’s have announced that they will take Doge Coin in payments at games.
Look to a future intersection between Doge coin and NFT’s (just sayin’).
How does a cryptocurrency that is illustrated by a picture of a dog on it become a national sensation?