Dogecoin: How the joke cryptocurrency became no laughing matter

Dogecoin: How the joke cryptocurrency became no laughing matter

It started as a joke. Dogecoin was created by a couple of engineers in 2013 as a parody of Bitcoin. And as a way to immortalize a dog gone cute Shiba Inu through Internet memes.

That joke caught on like wildfire with Reddit users propelling its value with it to eight million U.S. dollars within months.

Doge, as its known, has become a go to for tipping people online around the world for good deeds or an interesting idea. And the price of Dogecoin has soared during the pandemic, driven even higher by scores of young traders embracing meme culture.

Anne Gaviola has more.

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