We definitely couldn't make it to the end of 2013 without having somebody launch a new Bitcoin-inspired cryptocurrency totally branded by one of the biggest and most ridiculous Internet memes of the year.
Doge is the popular meme behind Dogecoin, and it was trading at around $0.00095 per Dogecoin earlier today -- up from $0.00026 in the last 24 hours or so. It's a far cry from the $1,000+ Bitcoin peak we saw in November, but the viral meme power of Doge definitely seems to be helping Dogecoin generate more interest from potential investors. Who knows how long it'll really last.
Words cannot describe how strange this is. But anyway, feel free to check out Business Insider Australia for the story about how Dogecoin actually began as a joke before turning into a real thing. You can also head on over to the Dogemarket subreddit to see what kind of crazy things people are willing to do in order to buy or sell Dogecoins.
I don't know about you, but given the fact that every Internet meme tends to become "old news" after it runs its course, I sort of have a funny feeling that the Dogecoin craze might soon fizzle out just as fast and as quietly as it sprung out of nowhere.
Photo from Dogecoin.com