The ‘Doge Memes’ looked funny on the social media until the Dogecoin hit the $1.8 billion market cap. People laughed at it when it was first introduced in the cryptocurrency market but who knew that the Shiba Inu Dog’s face had such a great potential for growth.
The Current Value
It’s not going crazy like BTC and Ethereum at the moment but the $0.01 worth is still higher than a lot of other competitors. If you look at the growth of the coin, it started from $0.0001 and currently the $0.1 figure with a $1.8 billion market cap isn’t a joke anymore. Dogecoin’s founder, Jackson Palmer speaks of the sudden rise:
I have a lot of faith in the Dogecoin Core development team to keep the software stable and secure, but I think it says a lot about the state of the cryptocurrency space in general that a currency with a dog on it which hasn’t released a software update in over 2 years has a $1B+ market cap.