Dog Coins

Definition:

A strange phenomenon where billions of dollars are poured into coins that are represented by pictures of dogs, often Shiba Inu dogs, and have very few additional properties or benefits. The first dog coin was Doge coin which was started as a joke and abandoned by its creator. Nevertheless, it has a market cap in the tens of billions of dollars and in true crypto fashion has been copied hundreds if not thousands of times by other dog coins. Elon Musk is responsible for most of the speculation around dog coins due to his constant posting about Dogecoin and owning a Shiba Inu.

Degen Chat

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