dog with poor spelling habits (hence the word
doge, not dog). The meme features Shiba Inus
(nicknamed “Shibe”) and rose to prominence
on Tumblr with interior monologues in Comic
Sans font. The cryptocurrency - a digital form of
a currency based on blockchain tech - is digital,
encrypted, and decentralized, and you can use
it to buy goods and services as you would with
any other currency (though you’ll first need to
find retailers that accept the currency). In recent
years, consumers and professional investors have
sunk billions of dollars into cryptocurrencies
such as Bitcoin, in the same way that they do
stocks and metals, thanks to globalization
and the changing financial landscape amidst
recessions and the COVID-19 pandemic. Bitcoin
is the poster child of the cryptocurrency sector,
and though it has risen to prominence, it’s also
received significant backlash from world leaders,
banks, and financial institutions who say its lack
of transparency and traceability make it the
choice for criminals. However, in 2020, at a time
when many of us reevaluated our life choices, the
volatile cryptocurrency reached new heights - in
November, Bitcoin hit three-year highs, with
many viewing it as a “safe haven”. And as towards
crypto shift, new players like Etherum, Litecoin,
and now Dogecoin, are growing.
THE COIN OF THE INTERNET
Dogecoin has been praised by a number of
high-profile celebrities and financial players in
recent months, and it’s now the tenth largest
cryptocurrency in the world, despite thousands
of options being available to choose from. Elon,
for example, called it the “people’s currency”
whilst Snoop Dogg took to Twitter to share