Launched in 2013, Dogecoin (DOGE) is famous for its logo inspired by the Japanese breed dog, shiba inu. DOGE actually started out as a sarcastic cryptocurrency because at that time the crypto sector was so popular. There are also sources that say Dogecoin is a parody of Bitcoin.
Although it is considered a parody or meme, Dogecoin has begun to gain the attention of the outside industry and now it is beginning to be adopted in the real world. CovCare, a leading PPE kit medical provider, became the first medical provider to accept Dogecoin as payment.
The announcement was made Wednesday just days after the company shipped 100,000 PPE Kits. Interestingly, in 2015, when Bitcoin was not yet widely known, the company began to accept Bitcoin as a form of payment.
In 2021, Dogecoin has managed to gain mass attention due to a huge price jump to an all-time high of $ 0.08. Just like GameStop, Dogecoin prices also skyrocketed after trading services stopped trading along with GME and AMC.
Dogecoin became even more attractive when Elon Musk also participated in investing in this crypto. He described it as a people's coin. Dogecoin’s recent popularity has made it worth billions as real-world businesses have begun to accept it as a form of payment.
Although the price has dropped to the level of $ 0.05, but with the acceptance for use in the real world proves that Dogecoin is not just a meme.
