Dogecoin is currently wagging its tail and making a wish as it blows out the candles on a large piece of cake. What does it wish for? Probably another productive year…
Popular digital currency dogecoin is now one year old, and despite its ups and downs, the dog-faced cryptocurrency seems to have made a strong name for itself in the digital universe these last 12 months.
The first dogecoin mining pool came to fruition on December 8th, 2013. Within months of the currency’s launch dogecoin was trading in higher volumes than bitcoin and other related cryptocurrencies combined.
Dogecoin also began lending its name and services to a number of charity initiatives across the globe. Two of its most well-known ventures include raising money to send the Jamaican bobsled team to the Sochi Winter Olympics in 2014, and the sponsoring of two water wells in Kenya.
That’s not to say, however, that there haven’t been a few rocky moments. The price of the cryptocurrency has fluctuated in rather dramatic fashion, and following a massive price spike early in the year dogecoin suffered a heavy drop that seemed to last throughout the majority of 2014. While these last three months have seen dogecoin stabilize somewhat, it has a ways to go before reaching its primary spot yet again.
Still, dogecoin seems to possess an attitude that says it’s here to say, and it will certainly be interesting to see what the cryptocurrency brings to the table in 2015.