Dogecoin Says Putting a 'Dog on the Money' Was One of the Internet’s 'More Reasonable Ideas' — The 12802% Lifetime Gain Isn't Bad Either

Dogecoin’s official X account reflected on its dog-themed origins on Tuesday, describing the decision to feature a dog meme on money as “one of the internet’s more reasonable ideas."The Celebrated ‘Dog’ OriginsThe X post celebrated Dogecoin’s origins as a joke cryptocurrency built around the viral “Doge” meme and the Shiba Inu dog, which helped build its community appeal.“Putting a dog on the money was actually one of the internet’s more reasonable ideas,” Dogecoin said.putting a dog on the money was actually one of the internet’s more reasonable ideasThe post triggered a flurry of replies from the DOGE enthusiasts, with one “Hoodroids” stating that what started as a joke has evolved into a “real asset,” thanks to the internet.Somehow the joke aged into a real asset…..Very internet Read Also: Has the Joke Turned into a Real Asset?DOGE is currently worth $12.31 billion, higher than that of Domino’s Pizza Inc. ). At its peak, the memecoin was valued at over $82 billion.In addition, Dogecoin remains one of the most heavily traded digital assets, recording over $566 million in trading volume over the last 24 hours.This memecoin has also attracted institutional attention through spot exchange-traded funds trading on Wall Street, including Grayscale Dogecoin Trust ETF GDOG) and 21Shares Dogecoin ETF (NASDAQ:TDOG). Together, these ETFs have drawn net inflows of $12.20 million, according to SoSo Value.The memecoin has gained a whopping 12795.08% since its launch in 2013. Lately, bearish cryptocurrency market conditions have eroded its value, resulting in a 67% decline over the last year and a 43% loss year-to-date.Price Action: At the time of writing, DOGE was exchanging hands at $0.07208, up 3.07% in the last 24 hours, according to data from Benzinga Pro. Read Also: Bitcoin Dips, Ethereum, XRP, Dogecoin Rise: Analyst Predicts 'BTC Goes Up' if Consumer Inflation Comes in Better Than Expected Photo Courtesy:ihrinmoisuc on Shutterstock.com