Dogecoin (DOGE) Anniversary: Track Altcoin’s Key Achievements

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The anniver­sary of Doge­coin (DOGE) has been strong­ly antic­i­pat­ed by the meme cryp­tocur­ren­cy com­mu­ni­ty. The alt­coin has proven to be resilient and with a func­tion­al net­work over the past nine years.

Being cre­at­ed in just two hours, Doge­coin was devel­oped just to be a fun, joke cryp­tocur­ren­cy. How­ev­er, it has man­aged to become one of the most impor­tant cryp­tocur­ren­cies in the blockchain industry.

Let’s take a look at DOGE’s jour­ney so far and see the major achieve­ments of the cryp­to with a Shi­ba Inu logo that has made its hold­ers so happy.

Nine Dogecoin achievements

All-time high

Of course, one of the best days for Doge­coin hold­ers could not be left out. It took sev­en years of strug­gle to see DOGE reach trad­ing at the $0.74 mark on May 8, 2021. In addi­tion, at that time, DOGE reached a mar­ket cap­i­tal­iza­tion of $93 bil­lion for the first time.

At the time, the excite­ment sur­round­ing the alt­coin was so great that it man­aged in just one day, May 5, to expe­ri­ence a 41% rise. More­over, its year-to-date per­for­mance was up 14,000%.

Doge­coin community

DOGE’s impres­sive growth in 2021 would not be pos­si­ble with­out a strong com­mu­ni­ty. This is a source of pride for the cryp­tocur­ren­cy. After all, Doge­coin has one of the largest com­mu­ni­ties in the cryp­tocur­ren­cy market.

Fans of the alt­coin real­ly believe in the future of DOGE and con­stant­ly allude to the cryp­to going to the moon, refer­ring to the famous phrase “To the Moon.” With an increas­ing­ly strong com­mu­ni­ty, even in a bear mar­ket, DOGE is grow­ing as one of the most pop­u­lar cryptos.

Celebri­ty cryp­to darling

Despite Bit­coin (BTC) being the mar­ket leader, Doge­coin has man­aged to catch the atten­tion of celebri­ties, with some of them even say­ing that Doge is bet­ter than the pri­ma­ry cryp­tocur­ren­cy because it has a fast net­work and low fees.

Singer Snoop Dogg, for exam­ple, tweet­ed an edit­ed image show­ing the album cov­er of “R&G: The Mas­ter­piece” with the DOGE sym­bol. Elon Musk is also one of the most promi­nent per­son­al­i­ties as a sup­port­er of the alt­coin meme, even high­light­ing Doge­coin’s strength over BTC.

Doge­coin rais­es $55,000 to spon­sor Nascar driver

In 2014, dri­ver Josh Wise need­ed spon­sor­ship to be able to com­pete in Nascar rac­ing. The DOGE com­mu­ni­ty, which was already grow­ing at the time, was able to raise $55,000 to help Wish.

Moolah, a cryp­tocur­ren­cy pay­ment plat­form, offered to con­vert dona­tions into U.S. dol­lars with a good con­ver­sion rate. The dri­ver cov­ered his entire race car with Doge­coin and alien images from Red­dit, the social net­work used for the collections.

Doge­coin mining

The min­ing process of the meme coin is one of the most promi­nent on the blockchain mar­ket. This is because it is fast, and DOGE trans­ac­tions strength­en the cryp­to as an alter­na­tive to every­day payments.

The Doge­coin net­work can mine about 98,000 cryp­to units per day. While this amount is high rel­a­tive to cryp­tos like Bit­coin, it strength­ens DOGE as a fast alt­coin with a use for micropayments.

Vita­lik Buterin sup­ports Dogecoin

The face behind the mar­ket-lead­ing alt­coin made a 500 ETH invest­ment in the Doge­coin Foun­da­tion in May 2022. Buterin declined to com­ment on the rea­son for his dona­tion. How­ev­er, this was a big move that showed sup­port for the Doge­coin network.

Dona­tions made via Dogecoin

The Amer­i­can Can­cer Soci­ety, a can­cer treat­ment orga­ni­za­tion, announced in May 2021 that it was accept­ing DOGE for the Can­cer Cryp­to program.

The insti­tu­tion cre­at­ed the fund to finance can­cer stud­ies. The goal of the cam­paign was to raise $1 mil­lion in dona­tions, and it did, in more than 10 cryp­tocur­ren­cies, includ­ing DOGE.

Top 10

Doge­coin has man­aged to be the pay­ment cryp­tocur­ren­cy, after Bit­coin, to stay in the top 10, even with the arrival of oth­er modes on the mar­ket like DeFi and NFTs. It is a feat that cryp­tos like Lite­coin (LTC) and Bit­coin Cash (BCH) have not managed.

With­out a doubt, this is a major pos­i­tive high­light for an alt­coin that arrived only as a meme on the cryp­to market.

Guc­ci

Of course, Guc­ci’s accep­tance of Doge­coin should not be miss­ing from our dis­cus­sion. In May of this year, the com­pa­ny began accept­ing cryp­tos in some stores in the Unit­ed States.

Along­side major cryp­tos such as Bit­coin and Ethereum, Doge­coin adds to the demand for cryp­tocur­ren­cy pay­ments made in Guc­ci stores.



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