, 2 years ago
Dogecoin has seen a tremendous hype starting at the end of 2020. No one less than Elon Musk is responsible for the hype and what’s has followed in the year 2021. The self-proclaimed “dogefather” has caused quite a stir in the global crypto community. First Tesla announced investing 1,5 billion US-Dollars in Bitcoin and accepting BTC in February. Only a few months later Musk himself went back on that decision stating that Tesla will hold its assets, but will refrain from accepting BTC because of the negative environmental impact of mining.
It seems that Musk is not quite done with crypto yet. Last week the Dogecoin Foundation announced its revival.
Since Dogecoin is a meme, one might wonder why a foundation is necessary at all. But the intellectual property of Dogecoin needs legal protection from fraud and malicious players. This is including, but not limited to the use of its logo.
The Dogecoin Foundation was founded for this specific reason in 2014. Since the project was popular, but not too much successful the foundation was not much involved and it became quiet. But only until last week as the foundation announced its revival and a couple of new board members and advisors. Among them Jared Birchall, one of the most important advisors and partners of Elon Musk and Vitalik Buterin, the co-founder and de facto face of Ethereum.
Well, the richest men of the world just send his wingman to advise the Dogecoin Foundation. But there is more to it. Musk once said in an interview that it would be perhaps the most ironic outcome if the cryptocurrency that aims to make fun of crypto would become the biggest and most successful.
And that’s what we are potentially looking at. While everybody is thinking that this could never work out and this is just some foolish idea, it is most likely that Musk is working with the Foundation to reach this goal. Earlier this year he was publicly musing about the possibilities to increase Doge’s transaction throughput and scalability to make it the number one crypto for transactions. During the same period of time, he also made the information available that he is discussing the matter with developers already.
Now that the Dogecoin Foundation is back in the game, it becomes clear that this might be part of his plans and what he had in mind when he was tweeting his thoughts. The Foundation has not yet announced its roadmap, but that being said, there is a roadmap for Doge.
Even if Dogecoin does not overtake Bitcoin, there is a lot of potential for the next hype.
Apr 29, 2023
You may have noticed: the sudden rebound in the price of Floki Inu (FLOKI) last Monday, April 24. The reason? The cutest of dog coins got listed on Binance US. The attention of the boss among crypto exchanges gives FLOKI extra legitimacy.
Apr 14, 2023
Elon Musk is transforming Twitter into “X” the everything app. Once again, he and his plans were all over the media when Twitter announced a partnership that would transform it into a trading desk. But this is not the only news this week. Musk is offering a hefty bounty for anybody who presents him with proof of a story that somehow got perpetuated by the media.
Apr 04, 2023
The price of Doge surged with more than 30% yesterday after Twitter replaced its familiar blue bird atop its homepage with the iconic Dogecoin logo. It's obviously not the first time Twitter's CEO Elon Musk promotes Doge. We place the current tweet in perspective of his love affair with the OG meme coin.
Mar 17, 2023
Dogecoin fanatics will soon have the chance to embark on a sacred journey: meeting the Doge. The jpeg? No! The actual Shiba Inu dog that inspired the meme that inspired the coin. It is called Kabosu, lives in Japan and has reached the respectable age of 17.
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