Crypto News: The Dogecoin Foundation is Back!
Dogecoin is the ultimate memecoin. Back in 2014, they raised money to send the Jamaican Bobsled Team to the Sochi Olympics.
Jamaica isn’t typically a strong contender in winter sports, so Dogecoin gave them a shot and sealed its own fate as the ultimate memecoin.
Doge has had a mixed year in the markets rising from under a penny to $0.73 (it’s currently trading around $0.33). So its history as a meme is both a blessing and a curse. It’s gotten great traction with the public, but software engineers, and especially crypto-currency developers, mostly laugh at it. I laughed when Elon Musk tweeted:
Working with Doge devs to improve system transaction efficiency.
