Happy Birthday, Dogecoin: How This 8-Year Old Joke Grew Up To Become A $22B Asset

$Dogecoin(DOGE.CC)$ has a millions-strong community. The meme coin’s Reddit page alone has a following of over 2.2 million. In terms of market capitalization, DOGE is now the eleventh-largest coin. It enjoys a market cap of $25.68 billion.

Money Spinner DOGE: Such is the appeal of DOGE that several companies have used it to market their wares. The maker of Slim Jim snacks $Conagra Brands(CAG.US)$ has used DOGE in its marketing blitz. This year, $Unilever(UL.US)$ launched a limited release of DogeCan, an Axe-branded deodorant. Slim Jim’s Twitter following exponentially thanks to DOGE-related memes.

Dallas Maverick’s now make “thousands and thousands of dollars'' in DOGE, as per Cuban. As per the entrepreneur, people prefer DOGE over $Bitcoin(BTC.CC)$ when buying Maverick’s tickets and merchandise.

Others that have embraced DOGE for payments include $AMC Entertainment(AMC.US)$ which takes DOGE through digital gift cards currently. The rollout of DOGE payments, bypassing the gift certificate route, is next on AMC’s schedule.

What’s Next For DOGE: DOGE is going to the moon, quite literally. Doge-funded DOGE-1 satellite, set to be launched next year by Musk’s SpaceX. The mission also has space art and space advertisement angles.

$Robinhood(HOOD.US)$ already has a 1.6 million waiting list for its cryptocurrency wallets which support DOGE, as per the company’s Cryptocurrency Chief Operating Officer Christine Brown. The platform is already Alpha testing the wallets that can be used to purchase, sell and send DOGE.

Last month, DOGE transaction fee was slashed by almost 10 times, which might lead to increased utility in the coming year for the meme coin.