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.
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
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.
Stay Ahead, Stay Updated
Rudy Fares
Recommended posts
-
Shiba Inu Price Prediction: How High can SHIB Price reach by 2030? -
After GameStop fiasco, retail traders target Cryptos – Why is DOGECOIN up 470% -
Elon Musk is under SEC Investigation…Again?
-
PEPE Coin Price to Reach $5 in the Next Seven Days? -
Dogecoin Price Prediction: DOGE aims for $1 after Elon Musk’s newest endorsment -
Dogecoin Surpasses Bitcoin In Historical ROI, Why Did It Happen? -
What is Dogecoin?
-
Doge Price Prediction – is DOGE 1 Step Closer to 1 Dollar? - The Big Dogecoin Price Prediction For 2023 – Will DOGE Explode?
-
Can DOGE reach 1$ now that Twitter is in the hands of Elon? - Dogecoin is NOT doing okay as prices sink below 10 cents, Will DOGE recover?
- DOGECOIN Price is Bullish? This Chart confirms a reversal Upwards!
- Can Dogecoin Price reach 10 cents soon? DOGE is on FIRE!
- Missed DOGE? Here Are The Two Other Dog Token Alternatives
-
Top 3 Meme Tokens that might Explode in 2023! - From Meme to Money: Dogecoin Set to Take Over Twitter as a Payment Option?
- Top 3 Dog Tokens to Consider Buying After The Crypto Bear Market is Over
- Dogecoin Price Prediction: Can DOGE reach 20 cents soon?
- Elon Musk will Resign from Twitter – Will Dogecoin Die?
You might also like
More from Altcoin
Bitcoin vs NASDAQ: Are Bitcoin and NASDAQ Playing the Same Game?
What's interesting is the startling similarity between the market patterns of Bitcoin (BTC) and the NASDAQ. Let's delve into this …
How to Buy Ethereum Phone? Is it a Good Option over Solana Phones?
Ethereum phone: designed to seamlessly integrate with EVM chains and layer 2s. It created a significant buzz by selling out …
Is Cardano DEAD? Ethereum Fans claim THIS New Chain will Replace Cardano
Within a few months of its introduction, Base protocol has accrued a TVL of $185 million. Is Cardano dead?
