Dogecoin (DOGE) Surpassed $1 Billion on This Date Seven Years Ago: Details

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As a seasoned crypto investor with a penchant for the quirky and unexpected, I find myself reflecting on the remarkable journey of Dogecoin (DOGE), a digital currency that started as a joke yet has managed to carve out its niche in the vast crypto landscape. Seven years ago, on Dec. 22, 2017, DOGE’s market capitalization surpassed $1 billion for the first time – a milestone that is worth celebrating even from my vantage point as an observer of the digital currency universe.

7 years ago, on December 22, 2017, the value of the cryptocurrency based on dogs, Dogecoin (DOGE), reached a major historical milestone – its market capitalization exceeded $1 billion for the very first time.

The Dogecoin Foundation celebrated a significant milestone in the cryptocurrency’s history by sharing on X – the Dogecoin market capitalization exceeding $1 billion for the first time. They tweeted, “Seven years ago, on December 22, 2017, this event took place,” accompanied by a screenshot emphasizing this historic milestone.

Seven years ago, on 2017-12-22, this happened. 💛

— Dogecoin Foundation (@DogecoinFdn) December 23, 2024

Back in December 2013, the playful duo of software developers Billy Markus and Jackson Palmer gave birth to Dogecoin as a lighthearted joke. However, it didn’t take long for this digital currency to gain traction, amassing a dedicated following. By the end of 2017, this community’s enthusiasm propelled Dogecoin to reach an impressive market value of over one billion dollars.

Approximately seven years after its inception, Dogecoin continues to flourish, holding a market capitalization that exceeds billions of dollars. Currently, Dogecoin ranks as the seventh largest cryptocurrency, boasting a market worth of around $46.13 billion and a present value of roughly $0.313 per coin. As per a recent report from analytics platform IntoTheBlock, Dogecoin boasts over 6.6 million individual holders.

Reflecting on this significant achievement, the Dogecoin Foundation can’t help but be reminded of the impressive journey that the digital currency based on the Shiba Inu dog has made throughout its existence.

Dogecoin community gets crucial reminder

As an analyst, I’d like to draw attention to a vital piece of advice from a key figure within the Dogecoin community, Mishaboar. He underscores the importance of this message for all Dogecoin holders.

Back in July, the widely-used Dogecoin digital wallet known as Dogechain was closed down. The platform’s users were instructed to retrieve their personal access keys from the site by December 31st. In a recent tweet, Mishaboar, a member of the Dogecoin community, reminded everyone about this approaching deadline.

Following this same thought, Mishaboar strongly advises Dogecoin owners to steer clear of storing their Dogecoins in digital wallets created through any online service providers.

Previously, the Dogecoin community was advised to perform the specified task exclusively on the Dogechain.info website. This is due to the fact that the .com domain has been exploited for phishing scams in the past.

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2024-12-23 19:23