Fun Fact: Did you Know That Dogecoin is not a 'Joke' Coin After all?
There has been a lot of talk in recent times about the rise of a joke crypto, DOGE.
As of May 3, the coin was lurched at 5th with a market cap of $48 billion, trading at over $0.37, adding 33 percent week-to-date.
Elon Musk, the CEO of Tesla, amplified the notion that DOGE was a joke coin while that wasn't explicitly the case. But for once, forget the Shiba Inu meme. In reality, DOGE's value is reflected by the number of activities and use-case around it.
For a fact, the coin has survived the test of time. It is the creation of two established software engineers: Billy Markus and Jackson Palmer.
While based on Bitcoin's source code, the coin serves as a medium of exchange (MoE), accepted by the Dallas Mavericks—a top team in the NBA.