Dogecoin отмечает 12 лет с трудностями на рынке Translated: Dogecoin marks 12 years amidst market struggles

On December 6, Dogecoin (DOGE), the leading meme cryptocurrency, celebrated its 12th anniversary since its launch.

The coin was created in 2013 by developer Billy Markus and Adobe Systems sales employee Jackson Palmer, who aimed to poke fun at the rapidly increasing number of digital assets.

Over the years, this token, originally started as a joke, has evolved into one of the prominent cryptocurrencies. On May 8, 2021, DOGE reached an all-time high of $0.73, with a market capitalization of $88.7 billion.

This anniversary comes with a 3.1% decline for the token over the past day, while Bitcoin and the overall market have experienced a drop of about 1.8%.

DOGE is currently trading around $0.14, maintaining a position in the top 10 by market cap at approximately $22.5 billion.

In the X account description of the project, it states: “Elon Musk thinks we are cool.” The head of Tesla and SpaceX has indeed shown support for DOGE for many years.

In January, the coin’s value surged by 11% after its logo was featured on the newly established Department of Government Efficiency website, created by a directive from President Donald Trump, which is led by Musk.

The news outlet dogegod reported that the updated internal code of the Tesla website includes “deeper payment mechanisms in Dogecoin” for electric vehicles such as the Model 3 and Cybertruck. The channel’s authors speculated that this indicates the imminent launch of a feature, possibly linked to the announced XMoney payment system on the X platform.

It’s worth noting that experts deemed the debut of the first spot DOGE ETF in the U.S. by Grayscale at the end of November as “unexpectedly modest.” The product saw $1.8 million inflow on its first day of trading.