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Atsuko Sato adopted a Shiba Inu from an animal shelter and eventually took the famous image of the Doge in 2010. The photo itself is enchanting, something like a hybrid between the Mona Lisa and a disturbed Shiba Inu. It is impossible to say what the shibas are thinking, leaving people open to interpreting their thoughts. Someone on the internet has posted the possible thoughts of the shibe on the whole image in pastel colors (under the image), and the meme of the Doge was born and soon spread on the Internet. This is ultimately what led to the creation of Dogecoin, a cryptocurrency positioned in 21st place on CoinMarketCap with a market capitalization of 279 million USD. Although Dogecoin started with only one meme, it now has one of the most active cryptographic communities and is likely to be one of the major long-term cryptocurrencies.
Billy Markus and Jackson Palmer were fond of cryptocurrencies who also loved the Doge meme and led them to start up Dogecoin on December 6th 2013. There were only 59 cryptocurrencies on CoinMarketCap when it was listed Dogecoin and Dogecoin was definitely the first memecoin. Dogecoin was quickly successful, with the first Dogecoin rally on December 19, 2013. Dogecoin's initial success led numerous other crypto enthusiasts to throw meme coins and jokes, but none of them succeeded in the long run. Dogecoin is the only memeoin that has become an important cryptocurrency, most of the others have completely failed.
Practically all the cryptocurrencies launched in 2017 and 2018 have used the first offers of coins (ICO), making them impossible to obtain without buying them. The dogecoin on the other hand had a humble and fair launch, with zero premino, and profitable mining since the beginning. Dogecoin uses the Scrypt Proof of Work algorithm and, when Dogecoin was launched, it was easy to make a significant amount of Dogecoin with a personal or gaming computer. This made Dogecoin very attractive to cryptic miners, since miners could earn a lot of coins even with the cheaper mining plant, compared to Litecoin mines, where it took weeks or months to earn an entire Litecoin. There is certainly a psychological push when miners receive whole currencies quickly, against small fractions of a coin. So far, Dogecoin continues to be a number one choice for people who are mining through Scrypt Proof of Work on personal computers, which causes a continuous flow of new users into the Dogecoin community. This gives Dogecoin a competitive advantage over many of the new cryptocurrencies.
What makes Dogecoin truly unique is its active and friendly community. There are many Dogecoin forums and chats, but the r / dogecoin subreddit it is the central nerve of the Dogecoin world. In 2014 and 2015 Dogecoin's suggestions were raining from heaven in r / dogecoin, which caused many people who never used cryptocurrency before starting to use Dogecoin, since they would get some Dogecoin for free, and then they would start using and talk about Dogecoin. This made r / dogecoin and Dogecoin fun, if not compelling. The tip continues today on r / dogecoin.
The atmosphere of rollover and friendliness has made the environment perfect for encrypted newcomers. New encrypted users have learned to create their first portfolio, cryptocurrency mining, cryptocurrency trading, cryptographic app development and how to objectively analyze events in the encrypted space, and have been rewarded throughout the process. Compare it with the central nerve of the Bitcoin community, which is r / Bitcoin and Bitcointalk, which has very useful information, but a more aggressive community and almost no tip. Basically this is due to the fact that the Bitcoin community is focused on making money, while the Dogecoin community focuses on giving away money to build a better world.
Dogecoin continues to be part of many new crypto users and numerous veteran crypto users like Dogecoin and continues to buy it and use it, since that's where it started. Just as people grow up in a certain place and like to stay there or visit, many encrypted users have grown up in the Dogecoin community and never stop coming back.
Essentially, Dogecoin is the gateway to the encrypted space and will probably maintain that long-term position. There is no other cryptic community that is so focused on helping others, since most of the crypto communities focus on producing competitive money. Therefore, Dogecoin seems to have the right things to stay close to the top of the CoinMarketCap rankings for the foreseeable future.
