Dogecoin fits all the facets of internet culture.
Dogecoin is based on a meme, its logo is a cute dog, and its community is primarily composed of retail investors (the same “Robinhood investors” that rallied the GameStop rise).
Dogecoin is also ironic, which means that it’s anti-establishment, and this is where Dogecoin takes the torch from the anti-hedge-fund passion that Wall Street Bets came to personify.
Dogecoin works because it was born from the internet and belongs to the people, not institutional investors.
Institutions and establishment figures won’t touch Dogecoin, let alone consider its virtues, because it goes against the status-quo and until now was considered just a “joke”.
But the joke is on the mockers and laughers, as we’ve seen this week from Dogecoin’s meteoric rise.
It seems that this is only the beginning of a new financial paradigm — the sought after decentralized dollar has been under our noses this entire time.
Due to its practicality, irony, and its genesis from the depths of internet culture, Dogecoin, a dog-inspired meme coin, is gearing up to be the inevitable future currency of the internet — the greatest meme of all time.