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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 has become a famous joke coin with its logo on a fire dog, which - to everyone's surprise - has actually begun to accumulate values since its inception in December 2013. GoCoin, the international payment platform, announced plans to support dogecoin, however, with its relatively low price against the U.S. dollar ($1 dogecoin , $0.0008618 as of the time of writing), meaning it is easier to popularize and facilitate. The dogcoin community regularly launches fund-raising campaigns, such as raising $30,000 to help the Jamaican bobsleigh team reach the Sochi Winter Olympics. Recently, the Dogecoin Foundation has renewed a campaign to raise $50,000 for new wells in drought-hit areas of Kenya. Kevin Bollegaard, Vice President of Engineering GoCoin, said, "We love the spirit of the Dogecoin community and our merchants are ready to accept it to join Bitcoin and Litecoin. "