{"id":1363,"date":"2022-10-06T13:03:51","date_gmt":"2022-10-06T13:03:51","guid":{"rendered":"https:\/\/digitalcoinprice.com\/blog\/?p=1363"},"modified":"2023-08-05T09:03:52","modified_gmt":"2023-08-05T09:03:52","slug":"the-past-present-and-future-of-dogecoin","status":"publish","type":"post","link":"https:\/\/digitalcoinprice.com\/blog\/the-past-present-and-future-of-dogecoin","title":{"rendered":"The Past, Present, and Future of Dogecoin"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-flat ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Content<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #223c50;color:#223c50\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #223c50;color:#223c50\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/digitalcoinprice.com\/blog\/the-past-present-and-future-of-dogecoin\/#The_Future_of_Dogecoin\" title=\"The Future of Dogecoin\u00a0\">The Future of Dogecoin\u00a0<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/digitalcoinprice.com\/blog\/the-past-present-and-future-of-dogecoin\/#Dogecoin_Casinos\" title=\"Dogecoin Casinos\u00a0\">Dogecoin Casinos\u00a0<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/digitalcoinprice.com\/blog\/the-past-present-and-future-of-dogecoin\/#Dogecoin_NFTs\" title=\"Dogecoin NFTs\">Dogecoin NFTs<\/a><\/li><\/ul><\/nav><\/div>\n<p><b>Dogecoin is the original meme coin.<\/b><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Created in 2013 by developers Billy Markus and Jackson Palmer, it started out as a joke which poked fun at wild cryptocurrency speculation at the time. The iconic face of Dogecoin is the Shiba Inu dog, and since its inception, it has transformed from a bit of fun into a legitimate cryptocurrency.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As the first meme coin, <\/span><b>Dogecoin has inspired plenty of imitations<\/b><span style=\"font-weight: 400;\">. The most famous one is the Shiba Token, which skyrocketed in price back in 2021 and was even endorsed by Ethereum founder \u2013 Vitalik Buterin.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Often dubbed as \u201cthe people\u2019s coin\u201d Dogecoin is actually <\/span><b>much faster and cheaper than Bitcoin<\/b><span style=\"font-weight: 400;\">. It experienced two major price rises in its history, the first in 2017, and the second in 2021, which was spurred on by Elon Musk\u2019s Twitter account.\u00a0<\/span><\/p>\n<p><b>Musk is a big fan of cryptocurrency<\/b><span style=\"font-weight: 400;\">\u00a0and even joked that it would be the first currency of the planet Mars. On the other hand, other influencers in the space are not so bullish on Dogecoin. In the summer of 2022, <\/span><a href=\"https:\/\/www.forbes.com\/sites\/brianbushard\/2022\/06\/16\/elon-musk-spacex-and-tesla-sued-for-258-billion-in-alleged-dogecoin-pyramid-scheme\/\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400;\">Elon Musk, SpaceX and Tesla were sued for $258bn<\/span><\/a><span style=\"font-weight: 400;\">, by one disgruntled investor, claiming that it was a deliberate crypto pyramid scheme.\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"The_Future_of_Dogecoin\"><\/span><strong>The Future of Dogecoin\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Many <\/span><b>prominent investors<\/b><span style=\"font-weight: 400;\"> (yes, not just Elon Musk) <\/span><b>are bullish<\/b> <b>on Dogecoin&#8217;s future<\/b><span style=\"font-weight: 400;\">. Legendary businessman, Mark Cuban has stated that Bitcoin, Ethereum, and Dogecoin are the only valuable cryptocurrencies, believing the latter is serving a purpose, which is a stark contrast to most cryptos.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Cuban went further to say \u201cMetaverse cryptos are a joke\u201d, but claimed Dogecoin has big potential to be a major currency in the upcoming Metaverse. However, it has not released any plans as of yet. On the other hand, its main competitor, with a slightly different logo, Shiba Token (SHIB) has announced its plans for a Metaverse as well as a stablecoin to be the currency within it.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Some say the price of <\/span><b>Dogecoin has risen solely because of Elon Musk&#8217;s tweets<\/b><span style=\"font-weight: 400;\">. With his 90 million+ followers and huge clout in the technology space, on many occasions when Musk tweeted about Dogecoin, the price doubled in 24 hours.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Yet, <\/span><b>Musk has cooled down his crypto tweeting<\/b><span style=\"font-weight: 400;\">, perhaps because of legal implications. And if the Dogecoin price relies on one influencer, it might have issues going forward and fizzle out in the near future.\u00a0<\/span><\/p>\n<p><b>Crypto is a precarious market at the moment<\/b><span style=\"font-weight: 400;\">, totally built on confidence. With the <\/span><a href=\"https:\/\/digitalcoinprice.com\/blog\/after-luna-crash-still-to-invest-cryptos\"><span style=\"font-weight: 400;\">recent Luna crash<\/span><\/a><span style=\"font-weight: 400;\">, many investors are apprehensive about investing in cryptocurrencies. Nevertheless, because of Dogecoins&#8217; age, and sizable following, many holders are still buying the dip, hoping for the currency to the moon in the next few years.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Dogecoin_Casinos\"><\/span><strong>Dogecoin Casinos\u00a0<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Finding <\/span><b>merchants online that accept Dogecoin<\/b><span style=\"font-weight: 400;\"> is a hassle. Nevertheless, you\u2019re able to use this digital currency in the real world at online casinos. Because of its low fee and rapid speed, Dogecoin is perfect for deposits and withdrawals.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In fact, compared to regular online casinos, Dogecoin casinos like Cloudbet offer <\/span><b>exclusive games as well as huge bonuses<\/b><span style=\"font-weight: 400;\"> on signing up when you <\/span><a href=\"https:\/\/casinosblockchain.io\/dogecoin-casinos\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">gamble with Dogecoin<\/span><\/a><span style=\"font-weight: 400;\">. In addition, fairness is important to these platforms &#8211; in fact, you can find provable fair play tools to prove that the games are safe to play.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">You\u2019re even able to <\/span><b>play live games using Dogecoin<\/b><span style=\"font-weight: 400;\">, provided by internationally renowned suppliers such as Evolution Gaming.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Dogecoin_NFTs\"><\/span><strong>Dogecoin NFTs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">The 2021 craze of Non-Fungible Tokens (NFTs) saw a new element within cryptocurrency come to the forefront. Dogecoin also joined in the hype with the <\/span><b>founder selling Dream Doge NFTs<\/b><span style=\"font-weight: 400;\"> for 0.6 ETH on OpenSea.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As Dogecoin is one of the most popular digital currencies, you can now <\/span><b>purchase NFTs with the coin<\/b><span style=\"font-weight: 400;\">. But plans for an <\/span><b>NFT blockchain on the Dogecoin main chain<\/b><span style=\"font-weight: 400;\"> have still not been announced.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This means that Solana and Ethereum are still the main two protocols that power NFTs, but who knows? In years to come, Dogecoin may enter the space, especially if NFTs continue to grow in popularity.\u00a0<\/span><\/p>\n<p><strong>Final Thoughts\u00a0<\/strong><\/p>\n<p><span style=\"font-weight: 400;\">Dogecoin is a <\/span><b>unique cryptocurrency<\/b><span style=\"font-weight: 400;\"> in that it&#8217;s a meme coin and was originally invented to poke fun at Bitcoin. However, since its invention in 2013, it has garnered a <\/span><b>huge army of supporters<\/b><span style=\"font-weight: 400;\"> mainly from social media sites such as Reddit and Twitter.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The meme coin is one of the most <\/span><b>recognized cryptocurrencies<\/b><span style=\"font-weight: 400;\"> in the world, and certainly one to keep an eye on for the next crypto bull run.\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin is the original meme coin.\u00a0 Created in 2013 by developers Billy Markus and Jackson Palmer, it started out as a joke which poked fun at wild cryptocurrency speculation at the time. The iconic face of Dogecoin is the Shiba Inu dog, and since its inception, it has transformed from a bit of fun into [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":1364,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[130],"class_list":["post-1363","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","tag-dogecoin"],"_links":{"self":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/1363","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/comments?post=1363"}],"version-history":[{"count":3,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/1363\/revisions"}],"predecessor-version":[{"id":2663,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/posts\/1363\/revisions\/2663"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/media\/1364"}],"wp:attachment":[{"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/media?parent=1363"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/categories?post=1363"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digitalcoinprice.com\/blog\/wp-json\/wp\/v2\/tags?post=1363"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}