Popular meme dog, Kabosu who inspired the famous dogecoin cryptocurrency has passed away at the age of 17.Her legacy in internet culture and the crypto world will be forever remembered.
Popular dog, ‘Kabosu‘ who inspired the iconic meme dog and a famous cryptocurrency has passed away at the age of 17. leaving behind the legacy that exceed internet culture and crypto world.
The Birth of ‘DogeCoin’
The dog’s impact didn’t stop as the meme culture. In 2013, two software engineers Billy Markus and Jackson Palmer created DOGE, a cryptocurrency that featured Kabosu’s likeness on its logo. Initially, it was considered as a joke, but after some times it gained the market’s interest and became a legal crypto coin.
DOGE popularity fueled by a meme loving community and it got pumped up when Elon Musk talked about it on April 9,2019. He said: “Dogecoin might be my fav cryptocurrency.”
The dog’s image on DOGE helped to humanize and demystify cryptocurrency, making it more accessible to a wider audience.
Kabosu Death: Affect In The Market
The death of the popular dog could affect the crypto market. Here’s how:
Emotional Attachment:
The DOGE has a emotional attachment with the community. Many of the investors have hold their coins for their love to the her. Her death news could drive the people to buy more DOGE in her honor.
Media Attention:
Because of her popularity, her death could gain media attention. This could lead to wider audience and gaining more investors for the the coin. This would automatically boost up the coin price.
Memorial Initiative:
The DOGE community has philanthropic efforts. There could ben initiative to raise funds funds for animal charity or to create a memorial for her. They could also use DOGE as the currency of honor which will directly increase the coin usage.
Speculation:
On the other side, some of the investors see a negative dip and are selling their coins. However, because of the emotional connection, this dip would be a short term.
Overall, the impact of the dog death on the crypto market will be uncertain. It’s a mixture of emotional responses and media attention. While there is a short term fluctuation, its long term impact will be positive and will continue to inspire new investors for investing.
Cryptocurrency markets are highly volatile and influenced by various factors. While Kabosu’s passing is a significant event, other market forces will also play a role in determining DOGE’s future price movements. Investors are advised to do conduct their own research to invest in the market.
Also Read: Dogecoin Payments Accepted on X?
