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Benzinga
Benzinga
Business
Pauline Shangett

Doge, Shiba... Who Let The Dogs Out? A Joke Or Major Players?

Dog-themed cryptocurrencies have taken the cryptocurrency industry by storm and are no longer something small that can be overlooked.

It all started with a joke when software engineers Billy Markus and Jackson Palmer invented Dogecoin in 2013 to mock the influx of cryptocurrencies being created. Marcus referred to himself as "Shibetoshi Nakamoto", a play on words for Bitcoin's mysterious founder Satoshi Nakamoto. They couldn’t even imagine that their cute smiling Shiba Inu meme would turn into one of the leading cryptocurrencies; one that has consistently grown and thrived despite adverse market conditions.

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