The OG meme crypto, Dogecoin [DOGE] undoubtedly paved the way for an array of promising projects. Even though it started as a joke, the meme coin has been going stronger than ever with its counterparts like Shiba Inu [SHIB] by its side. DOGE amassed the support of many and the latest one was the two-time Emmy-winning producer, TJ Allard.
From Tesla’s CEO Elon Musk to American rapper Snoop Dogg, several individuals have embraced Dogecoin. While Musk has been the only consistent one, Allard was seen trying to jump onto the DOGE wagon.
Replying to DOGE co-founder, Billy Markus’s tweet, Allard tweeted, “Did someone say dogecoin?”
Move over price and hype, says Dogecoin co-founder; Here’s why
In a series of tweets, the co-founder of DOGE, Billy Markus urged the community to shift their focus from the price and hype around crypto projects. Instead, he wanted them to formulate something that can last long.
While several in the community agreed with Markus, a few others pointed out Dogecoin’s inability to hit $1. DOGE has been in the market since 2013, even before the second-largest cryptocurrency, Ethereum [ETH] made its debut. Initially, the coin failed to amass traction as it was born out of a mere meme.
However, Dogecoin managed to catch the eye of many. GenZ took a keen interest in the meme coin and even got it trending on TikTok. Musk went on to add DOGE as a payment option in Tesla. While all of this lured people into the crypto-verse, it did no good to the price of the coin.
The meme coin has been down by almost 81% from the time of its all-time high and $1 was nothing but a dream, several suggested. At press time, similar to its counterparts, Dogecoin was descending by over 5%. The meme coin was trading for a low of $0.1363.
Additionally, DOGE was on the cusp of taking over as the 10th largest cryptocurrency as its market cap inched close to $18.12 billion.