Dog Coins

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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

“I am a savvy investor. I invest in only the highest quality dog coins.”

Related Terms:
  • Dictionary: DOGE
    The OG daddy of all dog coins is Doge coin which was started as a joke and was abandoned by its creator. It is known as a meme coin, because its visual identity is based on a Shiba Inu dog from a meme and has no other real utility. It is a fork of Bitcoin so is pretty much identical except it is inflationary and uses a weaker form of cryptographic security. 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 known as the Dogefather because of his relentless shilling of Dogecoin on Twitter and other media.
  • Dictionary: WAGMI
    The height of comradery of the crypto, web3 and NFT community. We're All Gonna Make It. Which in a zero-sum market is technically impossible, but let's not let details spoil a gm. The opposite of NGMI. Not Gonna Make It.


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