Topic: Rise of DOGE Coin: AEX was the Original Discoverer (Read 60 times)

On October 29th, DOGE Coin once again led the mainstream tokens, with a daily gain of over 27%. Compared to Bitcoin, or even some altcoins, DOGE Coin is missing kinds of rigorous attributes. DOGE Coin is more theatrical birth and no rigorous model  which can use in random scenarios, with no strong backing. Its surge has left people curious, puzzled, surprised, and scared.

Inventory of Little DOGE Five Times Highlight
Phase 1 : March 2017, DOGE Display for the First Time
It surged 1,890% in 70 days, from $0.00021 to $0.0042, and DOGE Coin market cap reached an all-time high of $423 million.
Phase 2：Bitcoin Tops $19,783, Dogcoin Enjoys 8-Day Peak
DOGE Coin jumped to a new high of $0.02 on January 7, 2018, Increase 380% from the previous high and reaching a total market cap of $1.6 billion.
Phase 3：Etherum-DOGE Coin Bridge Test, Surges 173% in 48 Hours
In September 2018, the price of DOGE Coin surged 173% in 48 hours, climbing to a high of $0.006297.
Phase 4：Elon Musk Sends Rockets, DOGE Launch to the Moon
DOGE Coin never thought that it would one day enter the top 10 digital assets market capitalization, until that day, the DOGE met its "real father" - Elon Musk. In January 2021, retail investors moved their attention to the innocent DOGE Coin. In less than two days, DOGE Coin took a ride on its beloved little rocket and surged to a new all-time high of $0.087, an increase of 1,100%.
Phase 5：Leading the Mainstream Tokens, Surging to No.9th
On October 29, 2021, DOGE Coin rose nearly 30% to $0.3 per day, taking the 9th place in the global cryptocurrency ranking in terms of market value

DOGE Coin is Filled with Comedy
DOGE Coin was born out of a joke. In 2013, Jackson Palmer and others created DOGE Coin. At that time，it is a worthless aircoin with an exaggerated and playful Doge head emoji as a logo in order to satirize the speculative atmosphere of the Bitcoin community and to mock the new proliferation of cryptocurrencies at the time.
Such a casual attitude is actually intended to express a kind of disdain for the cryptocurrency world. Implied worthless code copies, meaningless existence value, mocking avatars, disdainful names, everything points to the barbaric and absurd status quo of the early stage of cryptocurrency development.
However, this mock dramatic product has quickly and dramatically grown to become the second largest virtual currency in the world after Bitcoin in terms of number of users!

The Rise of DOGE Coin in the World
DOGE Coin's global development is also filled with drama.
In 2013, the larger international exchanges included MT.Gox, BTCChina, BitTime, CHBTC, etc. During the time, Huobi was just starting to be built. At the same time, Coinbase and Coinan had not even been born yet.
In the crypto environment of 2013, only Bitcoin was a recognized currency, while all others were regarded as cottage coins and aircoins. At that time, Etherum (ETH) had not yet emerged and Litecoin (LTC) mining had just taken off. Until 2017 the mainstream exchanges were all Bitcoin exchanges, exclusively for BTC aggregation services, and even the consensus felt that it was a disgraceful and humiliating act to go online with other tokens.
BTC38 now is AEX Exchange, was the first to break the mold and consider the value of other tokens. As a result, DOGE Coin had the opportunity to be listed on a global mainstream exchange (AEX). In AEX, DOGE Ccoin has its first opportunity to grow.
In AEX Exchange, DOGE Coin also received its Chinese name: Gougou bi With its cute dog head image, DOGE was affectionately called dog, dog head and big dog by its fans when it entered China, but eventually, under the strong influence of AEX, DOGE Coin finally won out and became the unified name of DOGE in China.

AEX has become the most important landing place for DOGE Coin. At that time, a large part of the turnover of DOGE was concentrated in AEX, and old players of AEX basically held tens of millions of DOGE Coins. Even now, AEX is an important post for DOGE,  many old users still choose to trade DOGE Coin through AEX.
AEX was an influential digital currency exchange in China at the time, playing a pivotal role in discovering and promoting the development of cryptocurrencies, especially in China. Even though it does not stand in the C-position like Binance and OKEx. But its stable and secure business positioning has made this old exchange as stable as Tarzan.

With the huge traffic of AEX, the number of DOGE Coin users in China has increased dramatically, and DOGE Coin is gradually used by users for game rewards and mining pool marketing rewards (such as mining LTC and giving DOGE Coin).
After DOGE Coin took off several times, AEX was also hailed by the crypto community as the "value discoverer of DOGE Coin". Until today, AEX remains the largest exchange in the world for dogecoin stored assets.

Positioning of DOGE Coin Value Empowerment
The reason why DOGE Coin as a typical aircoin can quickly disappeared and became a powerful existence with vigorous vitality is that the joy brought by the dog's head alone is certainly not enough. It is inseparable from its grassroots community and the precise positioning of tip culture. On the official website of DOGE, the official definition of DOGE Coin is a fun, friendly online currency.
1)The Fast Transfer Speed and Low Price Created the Basis for DOGE Coin
In the prevailing western tipping culture, the emergence of DOGE Coin gave people a new way of rewarding. While POS had not yet emerged, Bitcoin and Litecoin had high prices, Dogecoin was suitable to be given away as a mining pool marketing.
2)The Founder's Divestment Let Dogecoin More Decentralized than Bitcoin
The founder of Dogecoin has liquidated all his dogecoins and not involved in community governance at all. Which is giving Dogecoin a greater decentralized value. Because there are no large mining farms or pools, to a certain extent, the decentralization of dogecoin is more complete than bitcoin, and the community does not have to worry about the founder's account selling off huge assets.
3)Community Power: The Reversal of Grassroots Culture
Cryptocurrencies provide a fair chance for all people in a decentralized structure, which is extremely valuable for the long-underprivileged grassroots itself. In the development of Dogecoin, the retailer gathering forum reddit and the BitTime Coin Theory community, also include AEX International Community, Those communities can be credited with the development of dogecoin.
The reddit forums are filled with promotional content about dogecoin, and reddit has become the main battleground for dogecoin evangelists. Facebook, Tumblr, etc. all started to support dogecoin payments and rewards. Dogecoin has gradually formed its own unique tip culture, grassroots culture, mining pool culture, and charity culture, and the community power continues to strengthen.
In 2021, a series of pet tokens such as DOGGY and SHIB were born one after another, stimulated by the eye-catching price of the dogecoin market. The main features of petcoins are completely decentralized, community driven and governed, no fundraising no team allocation, and fair community distribution. AEX is the 1st exchange to shelve dogecoin, AEX has also become the main platform favored by all kinds of petcoin enthusiasts, such as SHIB, KISHU, DOGGY, SAMO, etc.