31 Dogecoin Memes Headed Straight to the Moon

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31 Dogecoin Memes Headed Straight to the Moon

With a market cap of several billion dollars, Dogecoin is likely the world's most valuable joke.

By damn_nation_inc

Published 4 years ago in Funny

Is Dogecoin the goodest investment or just a joke? That's up to you, but one thing's for sure - with a market cap of several billion dollars it's likely the most expensive joke ever told.

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In case you haven't heard, meme stocks have taken over the world and among them is Dogecoin.

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Created in 2013 as a humorous alternative to Bitcoin, Dogecoin was long considered just a joke cryptocurrency largely due to its origins in the famous "Doge" meme.

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Doge was, however, actually designed to be a fully usable currency and actually has faster block times and lower transaction fees than many of the leading cryptos.

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However, detractors argue its max value is somewhat limited due to its inflationary nature. Unlike Bitcoin, which has a fixed number of coins that will only go up in value, Doge actually periodically introduces new coins to the market. In some ways, it's like the USD in that it is subject to inflationary actions and isn't based on a fixed asset.

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That said, a spike in demand for the currency can certainly drive prices upwards. Billionaire/meme-lover Elon Musk has periodically helped raise interest in Dogecoin with tweets like these.

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Dogecoin also has a huge community on Reddit.

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There's even merch! (Disclosure: We are affiliated with this store)

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Just recently, Elon helped Doge rally even higher by observing that ironic outcomes like a meme currency gaining widespread legitimacy often seem "most likely."