Dogecoin’s 11th Anniversary Passes Without New Highs

December 6 marked the 11th anniversary of the launch of Dogecoin, the pioneer among meme coins.

pic.twitter.com/eVoOv7bNK0

— Dogecoin (@dogecoin) December 6, 2024

In the run-up to the anniversary, the coin’s price exceeded $0.46 but failed to reach the November mark of $0.48 — the highest in the past three years.

The all-time record remains at $0.73, recorded in May 2021. 

At the time of writing, DOGE is trading at $0.4377 and ranks seventh by market capitalization on CoinGecko with a value of $64.4 billion. The trading volume over the past day was about $11 billion.

As with last year, one of the main promoters of the first meme coin, Elon Musk, has yet to comment directly on the anniversary. The entrepreneur is promoting another DOGE — the Department of Government Efficiency under the US government.

@DOGE & DOGE Jr pic.twitter.com/37dDwCqJhN

— Elon Musk (@elonmusk) December 5, 2024

Nevertheless, the project and community received congratulations from other users on X. One of them stated that this day should be a national holiday.

Should be a national holiday

— Chris Southern Reeves (@Southern630) December 6, 2024

Some wished for a $1 price as a gift.

Happy Birthday $DOGE, let’s celebrate your birthday at $1 today.

— TheCryptoClip (@thecryptoclip) December 6, 2024

One commentator noted that Dogecoin is “almost a teenager” — a rare occurrence for meme coins.

your memecoins have the lifespan of a mosquito while doge is almost a teenager

— Finno (@FinnoFi) December 6, 2024

Dogecoin was launched on December 6, 2013 by developer Billy Markus and Adobe Systems sales associate Jackson Palmer, who decided to joke about the rapidly growing number of cryptocurrencies.

In October 2024, Bloomberg journalists acknowledged that over 11 years, the token has become popular among merchants for payment purposes. For example, three years earlier, Mark Cuban’s “Dallas Mavericks” implemented payment for goods and tickets in DOGE. 

On May 24, the community learned of the death of the Shiba Inu named Kabosu, who became the meme’s hero and the symbol of Dogecoin.

In November, Bloomberg analyst Eric Balchunas suggested the emergence of an ETF based on this cryptocurrency in the first half of 2025.