Dogecoin: 12 лет как мем и падение на рынке Translation: Dogecoin: 12 Years as a Meme and a Market Decline

On December 6, Dogecoin (DOGE), the leading meme cryptocurrency, celebrated its 12th anniversary since launch.

The coin was created in 2013 by developer Billy Markus and Adobe Systems sales employee Jackson Palmer, who sought to make a joke about the rapidly increasing number of digital assets.

Over the years, this token, initially launched as a joke, evolved into one of the top cryptocurrencies. On May 8, 2021, DOGE reached an all-time high of $0.73, with a market capitalization of $88.7 billion according to CoinGecko.

This anniversary finds the pioneer of the meme token segment down 3.1% in a single day, while Bitcoin and the broader market experienced a decline of about 1.8%.

Currently, DOGE is trading close to $0.14, maintaining its spot in the top 10 by market value at around $22.5 billion.

The X account description of the project states, «Elon Musk thinks we’re cool.» The head of Tesla and SpaceX has indeed been a long-time supporter of DOGE.

In January, the coin’s value surged by 11% after its logo appeared on the newly established Department of Government Efficiency under the U.S. government (DOGE), an organization created by President Donald Trump and led by Musk.

The news source Dogegod reported that an updated internal code for the Tesla website includes «deeper payment mechanisms in Dogecoin» for electric vehicles like the Model 3 and Cybertruck. The channel’s authors suggested this may indicate the imminent launch of an option possibly related to the announced payment system, XMoney, on the X platform.

It’s worth noting that experts deemed the debut of the first U.S. spot DOGE ETF from Grayscale at the end of November «unexpectedly modest,» with the product attracting $1.8 million on its first trading day.