Explore Dogecoin’s 10-year journey from a meme-inspired joke to a major cryptocurrency, hitting a 52-week high as it celebrates its anniversary.
Initially a joke based on a popular internet meme, Dogecoin (DOGE) has surprisingly survived a decade in the competitive crypto market and is now celebrating its 10th anniversary.
처음에는 인기 있는 인터넷 밈을 기반으로 한 농담이었던 Dogecoin(DOGE)은 경쟁이 치열한 암호화폐 시장에서 놀랍게도 10년 동안 살아남았으며 이제 10주년을 기념하고 있습니다.
As Dogecoin marks its anniversary, the cryptocurrency community is experiencing renewed optimism. The coin’s value has risen over 14% in the past 24 hours, reaching a 52-week peak of $0.10 as of Dec. 6.
This growth is part of a broader trend seen in the lead-up to the anniversary, showcasing both the coin’s lasting appeal and the speculative nature of cryptocurrency markets.
이러한 성장은 기념일을 앞두고 볼 수 있는 광범위한 추세의 일부로, 코인의 지속적인 매력과 암호화폐 시장의 투기적 성격을 모두 보여줍니다.
As we commemorate Dogecoin’s 10th anniversary, let’s explore its journey from a meme to a major player in the cryptocurrency world.
Dogecoin의 10주년을 기념하면서 밈에서 암호화폐 세계의 주요 플레이어가 되기까지의 여정을 살펴보겠습니다.
What is Dogecoin and what made it so popular?
Dogecoin, conceived in late 2013 as a parody by Adobe Product Marketing Manager Jackson Palmer and software engineer Billy Markus, has evolved into a significant digital currency, boasting a market capitalization exceeding $14 billion as of Dec 6.
2013년 말 Adobe 제품 마케팅 관리자 Jackson Palmer와 소프트웨어 엔지니어 Billy Markus의 패러디로 고안된 Dogecoin은 12월 6일 기준 시가총액 140억 달러를 초과하는 중요한 디지털 통화로 발전했습니다.
This peer-to-peer digital currency, similar to Bitcoin (BTC), is distinct in its use of the Scrypt algorithm, setting it apart from Bitcoin’s SHA-256 mining requirements.
Its unique design features the well-known internet meme of a Japanese Shiba Inu with captions like “much wow” and “such tired.” Originally launched with a cap of 100 billion coins, this limit was later removed, making its supply limitless.
독특한 디자인은 일본 시바견의 유명한 인터넷 밈과 "와우", "피곤하다" 같은 캡션을 특징으로 합니다. 원래는 1,000억 개의 코인 한도로 출시되었지만 나중에 이 제한이 제거되어 공급이 무제한이 되었습니다.
Yet, it quickly captured global attention. Just a month after its launch, the Dogecoin website had over a million visits, indicating an instant, substantial following.
In 2014, Dogecoin supporters rallied to support various charitable and sporting causes. They raised $30,000 to send the Jamaican bobsled team to the 2014 Winter Olympics and assisted an Indian luger in participating in the same event.
2014년에 Dogecoin 지지자들은 다양한 자선 활동과 스포츠 활동을 지원하기 위해 모였습니다. 그들은 2014년 동계 올림픽에 자메이카 봅슬레이 팀을 보내기 위해 30,000달러를 모금했고, 같은 행사에 참가하는 인도 루거를 도왔습니다.
The community also raised funds for the 4 Paws For Ability charity and contributed $50,000 to a clean water project in Kenya.
Since then, Dogecoin has gained traction not only as a comical cryptocurrency but also through community-driven initiatives, further solidifying its presence in the crypto market.
The role of social media and Elon Musk
소셜 미디어와 Elon Musk의 역할
Dogecoin’s value has been notably impacted by social media trends and celebrity endorsements.
Dogecoin의 가치는 소셜 미디어 트렌드와 유명인의 지지에 의해 눈에 띄게 영향을 받았습니다.
In January 2021, a Reddit-driven surge saw Dogecoin’s price increase by over 800% in 24 hours. The coin received further boosts from high-profile figures like Elon Musk, Snoop Dogg, and Gene Simmons.
Musk, in particular, has played a significant role in Dogecoin’s market movements. His tweets and public support have led to significant fluctuations in the coin’s value.
For instance, Musk’s tweet in April 2021, referencing Dogecoin, led to a more than 100% increase in its price. In May 2021, Musk’s SpaceX announced a Dogecoin-funded rideshare mission to the Moon, marking the first space mission funded by a cryptocurrency.
예를 들어, 2021년 4월 Musk가 Dogecoin을 언급한 트윗으로 인해 가격이 100% 이상 상승했습니다. 2021년 5월 머스크의 SpaceX는 Dogecoin이 자금을 지원하는 달 탐사 차량 공유 임무를 발표하여 암호화폐로 자금을 조달한 최초의 우주 임무를 기록했습니다.
Moreover, in June 2022, Musk expressed his ongoing support for Dogecoin, stating, “I will keep supporting Dogecoin.”
더욱이 머스크는 2022년 6월 “도지코인을 계속 지지하겠다”며 도지코인에 대한 지속적인 지지를 표명했다.
This statement came amidst Musk facing a lawsuit for $258 billion, where he is accused of running a pyramid scheme to back Dogecoin.
이 성명은 머스크가 도지코인을 지원하기 위해 피라미드 계획을 운영한 혐의로 2,580억 달러 규모의 소송에 직면한 가운데 나온 것입니다.
The strong community support and constant endorsement from Musk have led to a surge in DOGE’s popularity over the years, solidifying its acceptance and utility beyond its meme origins.
Amid this, the Dogecoin Foundation has been instrumental in supporting the Dogecoin ecosystem and community. Re-established in August 2021 with notable advisors, including Vitalik Buterin and Jared Birchall (representing Elon Musk), the foundation aims to promote the future of Dogecoin’s blockchain.
이 가운데 Dogecoin 재단은 Dogecoin 생태계와 커뮤니티를 지원하는 데 중요한 역할을 해왔습니다. Vitalik Buterin 및 Jared Birchall(Elon Musk 대표)을 포함한 유명 고문과 함께 2021년 8월에 재설립된 이 재단은 Dogecoin 블록체인의 미래를 촉진하는 것을 목표로 합니다.
The future of DOGE
DOGE의 미래
Dogecoin’s potential in mainstream commerce and online transactions could significantly shape its future.
Its appeal lies in lower transaction fees and quicker processing times than many cryptocurrencies, making it suitable for small-scale transactions and regular use.
However, investing in Dogecoin requires caution due to its susceptibility to speculative trading and influence from external factors like celebrity endorsements or social media trends. These influences can result in sudden and unpredictable shifts in its value, presenting risks for investors.
그러나 Dogecoin에 대한 투자는 투기 거래에 취약하고 유명인의 지지나 소셜 미디어 트렌드와 같은 외부 요인의 영향을 받기 때문에 주의가 필요합니다. 이러한 영향으로 인해 가치가 갑작스럽고 예측할 수 없이 변동되어 투자자에게 위험이 발생할 수 있습니다.
Furthermore, the lack of a supply cap introduces additional complexity, as this could lead to inflationary impacts on its value.
As with all digital currencies, DOGE is a highly speculative instrument, and you should never invest more than you can afford to lose.
모든 디지털 통화와 마찬가지로 DOGE는 투기성이 매우 높은 도구이므로 손실을 감당할 수 있는 것보다 더 많이 투자해서는 안 됩니다.
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