Can the Jamaican Bobsled Team Bring Credibility to Dogecoin?
Wow. So crypto. Much profits. As reported earlier today, the Dogecoin community was able to raise over $30,000 worth of dogecoins in an effort to get the Jamaican bobsled team to the Sochi Olympics. This is a feel good story for cryptocurrencies as a whole, but what does it mean for Dogecoin's position in the altcoin market? It's been reported that Dogecoin has more transaction volume than Bitcoin, and everyone understands that the community behind this coin is strong. So can a cryptocurrency based on a meme really go all the way "to the moon"? Dogecoin's Value as Money. When looking at....
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It is really no wonder that the Dogecoin community would be sympathetic to a bobsled team from a tropical island. The very nature of Dogecoin and the Jamaican Bobsled Team draw parallels on many levels. They both began as a punchline. Each possesses the charisma to gain charitable assistance. There is real world value for others to assist their success. The Dogecoin community has decided to create a fund to back the Jamaican Bobsled Team. They are actually on their second fund now as the first one has already completed. As you can see in the chart below, investors see this union as a value....
The event will include panels and presentations from Palmer, Litecoin creator Charlie Lee, and other entrepreneurs, activists, and investors in the Dogecoin community. Dogecoin, the cryptocurrency easily recognized by its Shiba Inu “Doge” meme on its logo, has much to celebrate since its inception in December 2013. In March 2014, the Dogecoin Foundation received over $30,000 worth of dogecoin for the the Doge4Water fundraising campaign to support NGOs providing clean water to people in need in Kenya. Furthermore, Dogecoin users, or shibes, raised money to sponsor the Jamaican Olympic....
Will Dogecoin and Kittehcoin be friends or foes? Picture via @actual_doge. The success of Dogecoin is undeniable at this point, and there's a good chance that many more meme-related cryptocurrencies are going to be created over the course of 2014. These kinds of coins bring a bit of fun and humor to the world of cryptocurrencies, and they are much more relevant and important than people may currently realize. While these coins may not turn into long term success stories, the reality is that people are using them as money over the Internet right now. Dogecoin was able to raise $30,000 for....
UPDATE: The team got funded. According to the official Crowdtilt donations page, some $120,000 has been raised. Dogecoins represent a quarter of that total. The Dogecoin Foundation saw more than 27 million XDG donated, and all the activity actually doubled the value of the currency in about 24 hours. Given Dogecoin's instability these last two days, the foundation actually had to exchange the money into Bitcoin before a donation in USD could be made. Here’s how to Internet like a pro: Take a story that elicits images of a beloved movie from childhood (“Cool Runnings”) and somehow find a....
It is unnecessary to mention that Dogecoin is a virtual currency very similar to Bitcoin, based on the same principles and the image of a Shiba Inu dog that got very popular on the web and has become a meme. Everyone definitely knows these basics, but we suppose that not everyone has noticed the passion for racing. Just remember the recent Olympic Games in Sochi. The Jamaican bobsled team has prepared for the competition, went through qualification races, raised funds, but someone has lost their equipment just before the competition. Dogecoin has founded the team and finally they have....