With a very humorous beginning, it hardly seemed plausible that the Dogecoin would be taken serious in the Crypto world. Yet, five years down the line, Dogecoin has literally taken the Crypto world by storm, surpassing every wild expectation even from its development team.
In a landmark move the Crypto Exchange giant Coinbase, last week integrated the Dogecoin into its wallet. The great significance of this development is underscored by the fact that even a founding member of the Dogecoin didn’t see this coming.
Palmer Debunks Coinbase Possibility
In October, its co-founder Jackson Palmer debunked rumours of a possible Coinbase listing, saying that the legal documentation required to achieve this was virtually impossible to assemble. “It’s by no means likely that they’ll get it,” he said.
Also the lead developers at Dogecoin, Ross Nicoll, exclaimed, “Coinbase integrating Dogecoin into its wallet was a surprise to me!”.
While the Dogecoin development team indeed tried getting in touch with Coinbase in the past to explore the possibility of a partnership, recent attention from Tesla owner Elon Musk might have been a helpful stimulus.
Maximilian Keller, another Dogecoin dev, had this to say: “We did try to contact Coinbase, but not very seriously,”, “But integration into their wallet, that just happened out of the blue, pretty much”. On April 2 Musk tweeted, “Dogecoin might be my fav cryptocurrency. It’s pretty cool”. Certainly, that was a helpful boost coming from a heavyweight influencer.
The future is dreamily bright.
With Coinbase listing already in the bag, Dogecoin developers are looking forward to bigger things, ultimately hoping that it would become a widely-adopted useful alternative currency.
That, to say the least, is no longer unimaginable. Dogecoin, which was founded by Palmer and Billy Markus as a hobby project with the original intention to make a mockery of Bitcoin, has quickly caught the fancy of crypto enthusiasts. Several Doge-integrated applications and games such as Dogepal and Doge Racer are already in use.
Prospects for the wider adoption of Dogecoin are indeed looking bright, and it is forecasted that Coinbase adding Dogecoin to its wallet will offer a good push in that direction.