Dogecoin Surges 10% in a Day as Popular Meme Coin Celebrates 10th Anniversary
Dogecoin (DOGE) has gained more than 10% over the past day as the cryptocurrency celebrates its tenth anniversary, marking a decade since its inception.
At the time of writing, the popular meme coin is trading at $0.09909, up by 10% over the past 24 hours, according to data by CoinMarketCap.
With its iconic Shiba-Inu logo, Dogecoin has captured the hearts and imaginations of crypto enthusiasts worldwide.
The recent uptick in its value has not only brought joy to its holders but has also attracted attention to the increasing activities of whale transactions.
These transactions, involving large-wallet investors with holdings exceeding $100,000, have surged in the past week, further contributing to the rise in DOGE’s price.
Dogecoin was created by software engineers Billy Markus and Jackson Palmer.
The idea behind Dogecoin emerged from an online conversation between the two in late 2013, during the height of the cryptocurrency boom.
Inspired by the popular “Doge” internet meme featuring a Shiba Inu dog, Markus and Palmer decided to create a cryptocurrency that would be fun and accessible to a wider audience.
Markus, a programmer from Portland, Oregon, took the lead in developing the technical aspects of Dogecoin.
He used the existing codebase of another cryptocurrency called Luckycoin, which itself was a fork of Litecoin, a well-established cryptocurrency.
By modifying the code and incorporating the Doge meme theme, Markus was able to create the initial version of Dogecoin.
On December 6, 2013, Dogecoin was officially launched to the public. The timing of its release coincided with the peak of the cryptocurrency frenzy, which helped generate significant attention and interest in the new coin.
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