The number one meme coin, Dogecoin is 9 years old today, 7th of December 2022. The Japanese Shiba Inu dog theme crypto asset was first mined in 2013.
DOGE has become successful since then even when it was created as a parody of Bitcoin, the first-ever cryptocurrency. The meme coin has witnessed a spike in its use cases and has been predicted as the official currency of Twitter. This is because of its connection with billionaire, Elon Musk, who is referred to as the ”Dogefather’‘.
As of today, DOGE is ranked 8th among thousands of cryptocurrencies. It has grown to be the second-largest PoW crypto after Ethereum completed its move to the PoS consensus mechanism.
Dogecoin will have a decade of history in 2023. It is likely it moved from the PoW to the less energy-consuming PoS like ETH before then. Time will also tell if it will reach the $1 price before its next anniversary.
Related– Shiba Inu Marks 2nd Anniversary
