While we may not be witnessing an upset at the level of the GameStop fiasco, it would seem this is a special time for Dogecoin. It's now ranked as the fifth-most valuable cryptocurrency - and boasts an impressive market cap of $52 billion dollars. That's almost 10 billion more than Barclays Bank. The madness has convinced many a Redditor and retail investor that Dogecoin is "going to the moon." Though our hopes aren't terribly high that we are going to be made millionaires, we do love that Dogecoin has made a lot of people a lot richer. Which means they can do things like pay off their credit card bills, their student loans. Maybe even a down payment on a house. These memes, some of which are a bit corny and possibly idealistic, are for everyone HODLing the shiba token. We love to see people winnin'.
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We're pretty sure that most of you have heard about Dogecoin. The altcoin has soared this week, following an earlier rally around when the r/wallstreetbets and GameStop drama was at its peak. Now our timelines are filled with investors posting constantly about the coin making it to $1...or, as they love to say, to the moon. But how did this meme become the 5th most popular cryptocurrency? Don Caldwell of Know Your Meme is here to explain the whole phenomenon.
It's been an interesting time for memes to say the least. Not only has Reddit managed to meme the stock market, but dogecoin (which started out as a joke nearly a decade ago) is making a huge comeback in the strange world of cryptocurrency. At first, dogecoin seemed to piggyback off viral meme stocks like GME and AMC, surging over 800% in just a day last week. The dust quickly settled and dogecoin stopped trending for a moment there, that is until Elon Musk posted a series of supportive tweets about dogecoin early yesterday. In no time, doge was back up 50%. The price of dogecoin has since settled to a new floor of $0.04, which is pretty remarkable if you consider the fact that the meme coin was worth about $0.008 just last week. There's no doubt that dogecoin is an extremely volatile crypto and throwing your money into it is much more akin to gambling than safely investing. It's pretty fun to watch from the sidelines though. You know, for the memes.
To celebrate the unlikely rise of dogecoin, we've put together some some classic memes featuring everyone's favorite iconic yellow shiba. Such meme. Very funny.
If you've caught wind of the fact that not only GameStop, but now Dogecoin has gone totally viral, you may be asking yourself: is this a joke? The answer is yes and no. Dogecoin may have started out as a funny experiment, but some made thousands of dollars last night as the meme crypto exploded after going viral. Elon Musk even tweeted about it, which usually does wonders to increase the interest in a stock or crypto currency. The last time Dogecoin saw sudden growth was in 2018, but the surge didn't even compare to what we saw yesterday. Even now, the price of Dogecoin is much higher than it has been in the last several years. Will Doge fly to the moon? Only time (and memes) will tell.
We've got 25 of the thousands of tweets about Dogecoin. The power of memes is undeniable.
Memes may not be the answer to all of life's ills, but they're definitely pretty adept at solving one of our biggest issues: Boredom. When you're sad and listless? Look at memes. When you're sick of Netflix? Look at memes. When you're bored and watching Netflix? Yeah, that's a good time to look at memes. And we've got a ton of 'em here for you.
It's true: the good vs. bad comparitive format has been done a million times. But this one, featuring Swole Doge and goofy-looking Cheems somehow feels fresh, even though it's got a bit of a Virgin vs. Chad vibe going for it. The ironic Shiba Inu memes are being used to compare everything from international super powers in different time periods, to film directors such as Martin Scorcese and Quentin Tarantino. While serving up a hot take can be seen as low-effort meme creation, we think that these examples have a lot going for them. After all, almost any meme is better once you add Doge to the equation.
Seriously, if the aliens come to Earth they're going to decide to put us out of our misery.
We don't deserve dogs! ); They are way too wholesome and good for us, and we are undeserving of their unwavering loyalty and love. Try getting a cat to save you from danger. The cat will gtfo of there before you have a clue what's going on. A dog is man's best way to be a cliche. Try going to a park to pick up a girl with the "brilliant idea" of bringing your dog/your friend's dog. Only to find 50 other guys had the same ideas. Your dogs are going to be THRILLED and have a blast, but you're going back to the drawing board for dating gimmicks.
Want to cleanse your soul of impurities to go along with that juice clense? These saintly puppers will definitely be a great combination. Or maybe, test how much you really love your pet with these memes only dog lovers could truly appreciate.
Russia is undoubtedly a fascinating place to a Westerner - their loose drinking laws, Gopnikculture, and track suits galore can seem baffling to many. Granted, these memes are an exaggeration of actual Russian culture, but we think you'll find these amusing regardless!
