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How Kabosu Influenced the Cryptocurrency Market

In 2013, programmers Billy Marcus and Jackson Palmer created the Dogecoin cryptocurrency in honor of the Doge meme. With its help, the developers wanted to make fun of the hype and speculation around cryptocurrencies.

Collectible of doge coin.

To the moon!

Cryptocurrency has become popular. By mid-2021, Dogecoin entered the top five cryptocurrencies with the largest capitalization. Since then, the value of the currency has plummeted, but by April 2022, Dogecoin was able to return to the top 10 cryptocurrencies with the largest capitalization.

To the moon!

Elon Musk

This memcoin was acquired by billionaire Elon Musk, among others. He noted that Dogecoin will be accepted for payment by Tesla, Starlink and Starship companies.

In 2021, Musk posted a photo of a flying Falcon 9 rocket with the caption "Doge". Within an hour after the tweet, the value of Dogecoin increased by 47%.