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Billy Markusthe man who created Dogecoin (DOGE) – the cryptocurrency that started as a meme – recently shared some thoughts on the purpose of DOGE during a conversation with a fan.
The subject? If Dogecoin was meant to be a tipping currency. The answer was quite simple: he said that Dogecoin was not created with great intentions. But he admitted that tipping is a “cool” use of the play, and perhaps one of its most appropriate roles.
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Dogecoin began as an experiment, a playful nod to internet culture. But over the years, it has made a name for itself in the digital economy. Tipping – small exchanges of value between peers – indeed seems to have been designed for DOGE. It’s affordable and easy to use, making it perfect for small gestures like tipping.
There has been a lot of buzz recently about the integration of cryptocurrency tipping on major platforms, and this is only fueling interest in DOGE. This could be a big opportunity for DOGE to really shine in the microtransaction economy.
Dogecoin (DOGE) price rises
The timing of talking about tipping is no coincidence. As The price of Dogecoin upward trend, cryptocurrency is coming back to the forefront. In just one day, it jumped 7.3%, bringing its total return for the week to over 15%.
Currently, it is valued at $0.363, which is a bit higher than previous declines, but still 33% below its 2024 high and well below its 2021 all-time high.
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The idea of DOGE as a tipping currency, it fits its original philosophy: simple, fun and approachable.
Some people in the crypto market believe that when creators invent new uses for meme coins, they lose the fun, “meme” essence. This leads to inflated expectations, and when designers fail to deliver on their promises, pieces lose value. But DOGE may have managed to hold its own as a tipping currency without losing its meme vibe.