Em dezembro de 2013, era um inverno normal, Billy Marcus e Jackson Palmer criaram uma criptomoeda “divertida” chamada Doge, com o cachorro “Shiba Inu” como ícone.
Inicialmente, quase ninguém levou a sério e o valor do Doge era quase zero.
Porém, com o passar do tempo, Doge aos poucos começou a acumular um grupo de fãs leais. Em vez de apenas tratar isso como uma piada, esses fãs começaram a usar o Doge para pequenas transações e doações de caridade, e até mesmo para apoiar eventos de corrida. A comunidade Doge cresceu gradualmente e o preço do Doge começou a subir lentamente. Embora ainda fosse uma “moeda de piada”, teve o apoio de muitas pessoas.
Price's first surge: 2017
The price of Doge first gained widespread attention in 2017. At that time, the prices of Bitcoin and Ethereum were also skyrocketing, and the entire cryptocurrency market entered a crazy bull market. Doge followed closely behind, with its price starting to rise rapidly. Although its starting point was low, its increase was surprising. Many people began to notice Doge's enthusiastic community and 'no-pressure' atmosphere, with the price briefly breaking through $0.01.
But like all cryptocurrencies, the bubble always bursts. Doge's price faced a significant drop at the beginning of 2018, falling back to less than $0.001 from its peak. This wave of decline led many investors to give up, believing it was just a fleeting moment.
Price's second frenzy: 2020-2021
What truly allowed Doge to 'turn the tables' was Elon Musk (yes, the same Tesla boss who supported Trump in the 2024 U.S. election). At the end of 2020, Musk began frequently mentioning Doge on Twitter, even posting some humorous tweets calling Doge 'the people's cryptocurrency.' These remarks sparked global attention, and Musk's tweets, like his big rockets, pushed Doge's price to new heights.
In 2021, Dogecoin experienced its second surge. At the beginning of January, its price was less than $0.01, but by mid-May, it soared to $0.7, setting a historical record with an increase of over 700%. Investors across the cryptocurrency market began to frantically buy Doge, believing it to be the next Bitcoin. Every tweet from Musk could trigger intense market fluctuations; sometimes, just Musk's phrase 'To The Moon' could send Doge's price skyrocketing, while a subsequent 'joking' tweet could lead to a sudden price drop.
However, as the market gradually calmed down, Doge's price began to pull back again. In the second half of 2021, the price continued to fluctuate; although it was far from the lows of 2018, it still faced significant volatility. By 2022, Doge's price fell back to around $0.2, but it still maintained a high level of market attention.
Price's third frenzy: 2024 U.S. Presidential Election
In this year's globally watched highlight—the U.S. presidential election—Trump openly supports the crypto market, and Musk fully backs 'Trump' while planning to establish a new reform department called the 'Department of Government Efficiency' (D.O.G.E.). The goal of this department is to cut spending and streamline the 'massive, suffocating federal bureaucracy.' The acronym 'DOGE' grabbed the world's attention directly; buying Doge means buying Trump’s election, and Musk's idea of 'merit from the dragon' spreads among the crowd. Doge has a large foundational base, and the influx of hot money cannot be stopped, soaring from $0.078 to now $0.44, from a joke to a cryptocurrency with a market value of tens of billions worldwide.
This is the legendary story of Doge, which has always been at the forefront and continues to write its own legend.