Half-parody, half-seriously-traded Litecoin-derivative DogeCoin has exploded in popularity this past week. Originally born just 2 weeks ago, DogeCoin is now traded on Cryptsy and has a market capitalization of several million $USD.
The coin itself is faithful to Doge’s idiosyncrasies down to the wallet client which features Comic Sans and a Doge-friendly interface (“Very Address”, “Pls Send”, “Wow”).
Something even more impressive is the production quality of Dogecoin’s first promotional YouTube video shown here:
As satirical as DogeCoin is, there are clearly some very dedicated and very talented people behind the coin. Consequently, I don’t feel right dismissing DGC as a complete joke just yet.