Report said that Dogecoin (DOGE) is in high demand. The meme coin fanfare has exploded during the first half of 2021, often in tandem with Elon Musk’s tweets mentioning the asset.
It has been reported that the coin has seen notable hype, evidenced by its significant upward price surge in 2021, although this is hardly the first bout of excitement over Dogecoin. At the beginning of 2014, a video surfaced titled “Dogecoin-Powered Airport Invasion Party! (2013),” posted on a YouTube channel by the name of Gary Lachance.
The video’s description says:
“Tom and Gary’s Decentralized Dance Party recently invaded Vancouver International Airport, sharing the madness of the DDP with hundreds of overjoyed air travelers.”
However, the video shows a large number of people, some costumed in yellow, dancing around to the sound of music. Some of the participants have headset microphones to communicate with the masses.
Check out some examples of retro $DOGE fanfare from years ago, detailed by @benjaminpirus https://t.co/2Kvq1STPHK — Cointelegraph (@Cointelegraph) May 10, 2021
The Gary Lachance YouTube channel also posted the ABC reporting segment in 2013. Other DDP events also occurred, although they did not appear to be DOGE-themed, based on the coverage. A separate video, posted by Corndogulous on YouTube, shows another 2014 party devoted to DOGE, which attracted all types of folks interested in the asset for various reasons.
The report said that DOGE tallied an astronomical price increase in 2021, going from less than a penny per coin all the way up past $0.70, based on CoinMarketCap price numbers. Other retro DOGE-related videos also exist on YouTube, including a music video from 2014, titled “D is for Dogecoin” and posted by YouTube channel ZimoNitrome. A tune from the channel Dunderpatrullen called “To The Moon” plays against the backdrop of a cartoon dog riding a rocket.
Despite the price rise as of late, the asset comes with significant inflation, as miners add millions of DOGE to the market on a daily basis. The asset also does not have a maximum supply.
Thus, there is currently more than 129 billion DOGE in circulation, according to CoinMarketCap. Bitcoin (BTC), on the other hand, has a maximum supply of 21 million coins, making it a scarce asset by comparison.