Not Laughing Now: Cryptocurrency Fever Spreads to Parody Dogecoin

A joke cryptocurrency created five years ago has witnessed a sudden increase in price, transforming it from a gag into a serious contender in the world of crypto finance.

Launched in 2013, Dogecoin was apparently created as a parody on Bitcoin and homage to the doge meme — a picture of a Shiba Inu accompanied by multicolored text in broken English.

Now, however, it seems that Dogecoin can no longer be considered a joke as last week it almost doubled in price, setting its total value at nearly $2 billion.

And while Dogecoin certainly cannot rival Bitcoin at this time, with the total value of the latter currently being about $270 billion, only time will tell how far this underdog of the cryptocurrency world can rise.

Coin Of The Week: pic.twitter.com/9KqCP5Af7r

— John McAfee (@officialmcafee) 8 января 2018 г.

In honour of dogecoin’s rise to wealth and fame. Much art. #meme pic.twitter.com/qkAZ83QeT1

— London Smug (@LondonSmug) 8 января 2018 г.