DOGE

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DOGE

Definition:

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.

Degen Chat

Degen 1: “Nice lambo… where did you get the money?”

Degen 2: “I bought Dogecoin at 1 cent just before Elon pumped it to 70 cents!”

Related Terms:
  • Dictionary: Alpha Leak
    An apparently accidental statement that gives away or "leaks" alpha
  • Dictionary: Crab Market
    That most excruciating of market conditions that often occurs after a bull run and crash. It gives all the signs of returning to bull… only to stop after a 5% increase, flatline, then drop 5%, then rinse and repeat. As hopium kicks in and sentiment improves, it’s tempting to go all in again… only to be crushed in the pesky pincers of the unforgiving crab market. These periods can last for what seems like decades and can certainly clean out even the most savvy trader.
  • Dictionary: Dog Coins
    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.
  • Dictionary: DYOR
    Do Your Own Research. A term used as a generic disclaimer by anyone when discussing or recommending certain coins, NFTs or anything else in life. Very often people will shill absolute crap and after a 30-minute YouTube video pushing people to buy the terrible token they will attempt to seem objective and prevent lawsuits by saying DYOR and NFA.
  • Dictionary: Fren
    Short for friend in the web3 space meaning a fellow crypto or NFT enthusiast, especially one that has invested in the same coin or project as you have.


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