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Jackson Palmer, founder of Dogecoin, said in a social software post that the institutionalization of cryptocurrencies would re-centralize power structures and token distribution. So you can say goodbye to the original idea of this technology. That's why I can't understand how excited people are about ETFs, Bakkts, etc. Hello, Wall Street 2.0.

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Millions of people learn about cryptocurrencies such as Bitcoin through TikTok. Cryptocurrencies enthusiast James Galante has launched a short video in TikTok titled "Let's All Get Rich" recommending that everyone invest $25 in Dogecoin to push the price of Dogecoin up to one dollar, sparking a Dogecoin craze that has once again swept the cryptocurrencies market; Square launched a cryptocurrencies marketing campaign on TikTok and became one of the most popular mobile payment apps in the U.S. with the hashtag "cashappthatmoney";

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Dog Coin (DOGE) icon Dogecoin was born out of a tweet, a joke. In 2013, dog dog image was so popular that Palmer, a flat-shooting and marketing expert at Adobe Sydney and a cryptocurrencies researcher, tweeted semi-jokingly, "Invest in Dogecoin, this is the next big opportunity." After the tweet, there was a lot of support, and Palmer was very effective in buying the domain name dogecoin a week later. Meanwhile, in another part of the globe, Markus, a programmer in Brandt, has been trying to create a cryptocurrencies. Markus came across the site and contacted Palmer for help. Before Palmer replied, he set out to transform the source code of Bitcoin, adding elements to Doge Mene. Palmer quickly replied to Markus, and the two clapped together. Eventually, dogecoin was born more than a week after the half-joking tweet. Dogecoin was born and developed so smoothly that it can even be described as hot. For Dogecoin itself, there are two main reasons for the boom: First, Dogecoin brings its own social attributes. On social networking sites such as Reddit, Dogecoin's content was very popular before it was born. When Dogecoin was born, it was greatly assisted by sites like Reddit. Dogecoin has far more attention on social networking sites than Bitcoin, Litecoin and other shanzhai coins. Second, Dogecoin's tip and charitable culture are recognized. Dogecoin advocates a tip culture, which has been used by many people for activities such as rewards in just one week, showing the level of recognition of its tip culture. Dogecoin is also more recognized in terms of philanthropy, and its charitable support is already extensive.

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Dogecoin's latest development comes just days after Safepal announced its support for Dogecoin. The announcement was made on 15 October 2019. The official statement read: "SafePal now officially supports Dogecoin! "According to SafePal's statement, they claim to be the first hardware wallet to be supported by Binance Labs.

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The founders say Dogecoin is not like Bitcoin, where people don't get involved for speculation, but to express feelings of sharing and concern. This also created that at the beginning of the dogecoin transmission channels are based on people-to-people sharing.

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You may learn from your mistakes, but the most important thing is to invest only in businesses you can understand. If you, like many people, jump out of your ability circle, listen to other people's news and buy stocks you don't know about, make such a mistake, you need to reflect, remember to invest only in what you can understand.