Dogecoin became a unique case in the cryptocurrency world. While others work under the principle “FOMO: fear of missing out” or “Slow and steady wins the race,” the doggo’s motto is “hype-hype-hype.”
This reminded me of how ancient Egyptians worshipped cats. For example, here’s the quote from National Geographic encyclopedia:
"Egyptians believed cats were magical creatures, capable of bringing good luck to the people who housed them.
To honor these treasured pets, wealthy families dressed them in jewels and fed them treats fit for royalty. When the cats died, they were mummified."
Does it sound similar to what we see now? –so yes, so much.
From a Fable: “Once Crawfish, Swan, and Pike Set Out to Pull a Loaded Cart…”
Dogecoin is recovering and is going for a new battle to return back to the top 5 cryptos by total market capitalization. This happened because the internet community started to push it by all means and at all costs.
The DogefatherSNL May 8— Elon Musk (@elonmusk) April 28, 2021
On Tuesday, I had 12K followers. Then @elonmusk liked my tweet, and life got crazy. Thank you to all 600K of you that have joined the movement. We are just getting started— The Chairman (@WSBChairman) January 28, 2021
In one of our previous news digests, we covered Mark Cuban telling Ellen DeGeneres, “Although Dogecoin is not the best investment, it is preferable to invest in the asset than to play the lottery.”
Another case of Doge-promoting is Remy Munasifi, an American stand-up comedian and YouTuber who created a sketch about the meme currency. Of course, he was mainly mocking on the coin’s hype, but there is no such thing as bad press or PR, right?
Remy rides #dogecoin to the moon. pic.twitter.com/nbTuoXCGGU— Remy (@GoRemy) April 29, 2021
Guess (NYSE:GES) what day it is? #DogeDay. Tomorrow? #DogeDay420 (not an actual Snickers pack, just a cool #doge gif) pic.twitter.com/9GAeFsRJU9— SNICKERS (@SNICKERS) April 19, 2021
if it gets to $1, we’ll make it happen. #dogeday #doge420 pic.twitter.com/XssGr6EeHe— AXE (@AXE) April 20, 2021
Hey thanks @elonmusk for the space ship. Happy 420. cred: @Jessewelle @SamMacaroni pic.twitter.com/bzxvYwaR4a— Snoop Dogg (@SnoopDogg) April 21, 2021
- Dogecoin is slowly becoming a serious currency out of the joke. For instance, it’s taken as payment in Shopify (NYSE:SHOP) or WooCommerce since the previous week. We covered this more detailed in this article.
- Sometimes, people are tired of serious approach and projects. That’s why Dogecoin became a creative outlet, an escape, for Elon Musk or Mark Cuban from the serious sides of their businesses.
- Furthermore, this shows that the internet community should not be underestimated.And as usual, don’t rush and make reckless decisions. Think critically
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