Should You Buy Dogecoin While It's Under $1?
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In 2013, two friends named Billy Markus and Jackson Palmer felt the cryptocurrency industry was taking itself too seriously. Many enthusiasts were excited by the soaring price of Bitcoin, which went from $20 to $800 that year. They really believed they were on to something big (and looking back, they were absolutely right).
To lighten the mood, Markus and Palmer launched their own cryptocurrency in December 2013 called Dogecoin (CRYPTO: DOGE). It was inspired by the "Doge" meme, which was spreading across the internet at the time. In other words, the friends created Dogecoin as a joke, and they openly admit it.
However, they watched their creation rapidly soar in value, and despite sending investors on a crazy roller-coaster ride over the last 12 years (more on that in a moment), Dogecoin still has a market capitalization of $51 billion, as of this writing.
Source Fool.com
