Yesterday, Dogecoin officially celebrated its 12th anniversary. Billy Markus and Jackson Palmer, the founders of DOGE, celebrated 12 years since the launch of the memecoin on X.
On the occasion of the 12th anniversary of Dogecoin, co-founder Billy Markus humorously recalled creating 'something silly' that unexpectedly became a phenomenon with over 2,15 million followers.
Jackson Palmer also sent heartfelt wishes to the community. Dogecoin, born on 12/6/2013 amidst the altcoin bubble, quickly became a prominent memecoin and has united a strong community for many years.
Why was Dogecoin created?
The first altcoins like Namecoin, Litecoin, and Peercoin emerged in the 2011–2012 period, mainly experimental and not attracting investors. By the end of 2013, when Bitcoin surged from $13 to $1,100, altcoins began to gain widespread attention.
In the context of a very serious market, Billy Markus and Jackson Palmer wanted to create something more fun, and Dogecoin was born.
Markus built the memecoin, Palmer created the website, and the logo was taken from the famous Shiba Inu meme. Within the first month, Dogecoin reached 1 million visits.
DOGE developed immediately
Dogecoin quickly exploded after its launch: within just a few weeks, it was used by the Reddit community for tipping and even surpassed Bitcoin in trading volume.
By the end of 2013, the price of DOGE increased by 300% in 72 hours. The DOGE community is also famous for charitable activities such as building wells in Kenya or supporting the Jamaican bobsled team at the Olympics.
In 2021, thanks to the support of Elon Musk, DOGE surged to $0.7316. By the period of 2024–2025, Musk continued to mention DOGE through the Government Effectiveness Bureau, helping this memecoin maintain its appeal.
Currently, DOGE ranks 10th on CoinGecko, with a market cap of approximately $22.47 billion, trading around $0.1393 USD with a 24-hour trading volume of $596 million.
