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Altcoin TradingView

This Coin is up 150% in 7 days and ELON MUSK seems to love it…It’s also called a “ShitCoin”

Posted On January 3, 2021 Rudy Fares 0

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When cryptocurrencies started to move to the mainstream media, many coins didn’t have any significant value and didn’t serve any need in our societal matters. That was the exact case for DOGECOIN, a coin created when the internet exploded with memes, and the Doge Dog was a highly known internet figure. In the past 7 days, it’s been up more than 150% and leads the charts in the highest-increase for 1 week. Let’s get to know more about this Coin and see if it’s a good hold.

What the Hell is DOGECOIN (DOGE)

Dogecoin (DOGE) is based on the popular “doge” Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin’s creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme.

Dogecoin differs from Bitcoin’s proof-of-work protocol in several ways, one of which is by using Scrypt technology. The altcoin has also a block time of 1 minute, and the total supply is uncapped, which means that there is no limit to the number of Dogecoin that can be mined. You can mine Dogecoin either alone, or by joining a mining pool. A Doge miner can mine the digital currency on Windows, Mac or Linux, and with a GPU. As of 2014, you can also mine Litecoin in the same process of mining Dogecoin, as the processes were merged.

"Doges....Doges everywhere"
“Doges….Doges everywhere“

How are people using Dogecoin today?

Dogecoin is being used primarily as a tipping system on Reddit and Twitter to reward the creation or sharing of quality content. You can get tipped Dogecoin by participating in a community that uses the digital currency, or you can get your Dogecoin from a Dogecoin faucet. A Dogecoin faucet is a website that will give you a small amount of Dogecoin for free as an introduction to the currency, so that you can begin interacting in Dogecoin communities.

Dogecoin Quick Stats

  • Current Price: USD 0.011796 
  • 24-hours performance: + 66%
  • 7-days performance: + 153%
  • Market Capitalization: USD 3.8 Billion
  • Market Rank: #22
  • Circulating Supply (uncapped): 127.7 Billion DogeCoins

DOGE/USD 1-Day chart showing a price jump of 150% in the last 7 days
Fig.1 DOGE/USD 1-Day chart showing a price jump of 150% in the last 7 days – TradingView.com

Elon Musk and Dogecoin Lovestory

Tesla CEO Elon Musk has been known for tweeting memes from time to time. He has been tweeting alongside many other big investors about cryptocurrencies in general, and even posted several tweets on social media that Dogecoin is his favorite coin.

One word: Doge

— Elon Musk (@elonmusk) December 20, 2020

https://twitter.com/DomainAddress4u/status/1344563841406009344

Stay Ahead, Stay Updated

Rudy Fares

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It is super easy to buy Ripple. Just take a look at our exchange comparison!

 

 

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This post may contain promotional links that help us fund the site. When you click on the links, we receive a commission - but the prices do not change for you! :)

Disclaimer: The authors of this website may have invested in crypto currencies themselves. They are not financial advisors and only express their opinions. Anyone considering investing in crypto currencies should be well informed about these high-risk assets.

Trading with financial products, especially with CFDs involves a high level of risk and is therefore not suitable for security-conscious investors. CFDs are complex instruments and carry a high risk of losing money quickly through leverage. Be aware that most private Investors lose money, if they decide to trade CFDs. Any type of trading and speculation in financial products that can produce an unusually high return is also associated with increased risk to lose money. Note that past gains are no guarantee of positive results in the future. 

#Crypto News#dogecoin#dogecoin price#Elon Musk



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