Dogecoin Price, Dogecoin Trend Charts, Marketcap and Dogecoin Information

£0.195918
0.00000404 BTC
Marketcap
£25,896,202,954
Volume (24h)
£1,079,232,367
Circulating Supply
132,099,945,393 DOGE
Total Supply

What is Dogecoin?

The Dogecoin cryptocurrency went on a rocket tour to the moon over the weekend after Elon Musk poked fun at it on Saturday night and announced on Monday that his company would accept it as legitimate payment for a mission to the moon. The cryptocurrency was created as a joke to find a universal, environmentally friendly, and accessible alternative to Bitcoin. DogeCoin was founded in 2013 by two software developers from Adobe and IBM to parody cryptocurrencies such as Bitcoin.

Dogecoin is a cryptocurrency based on Luckycoin, which in turn is based on Litecoin. Dogecoin is designed to be an accessible alternative to Bitcoin, Litecoin and other cryptocurrencies.

But the true value of Dogecoin lies in the strong and vibrant community that has formed around it. The cryptocurrency has benefited from a strong community and has participated in numerous philanthropic activities.

In 2013, Dogecoin was created to poke fun at the cryptocurrency industry, and today it is one of the largest cryptocurrencies in the world. It is the original meme coin and a popular cryptocurrency among veterans.

This guide to cryptocurrencies will focus on the role of dogecoins in the cryptocurrency ecosystem, their origins and their main price drivers. It will also explain how Dogecoin was conceived, how closely related Litecoin is and the unique success factors that make it one of the leading cryptocurrencies in 2021. Although it is technically a cryptocurrency like Bitcoin and Ethereum, it is a different animal from the more popular coins.

Dogecoin was created as a light-hearted joke by crypto-enthusiasts at least partly, who took its name from a popular meme. Despite this unusual history, Dogecoin's popularity exploded, and by 2021 (at the time of this writing) it was the third-largest cryptocurrency in terms of market capitalization. Today, it's still a joke, as it soared in value and has grown by more than 5,000 per cent in 2021.

Another dogecoin booster is Tesla boss Elon Musk, who has described dogecoin as his favourite cryptocurrency. He called it "Peoples Crypto" and promised to plant a physical "dogecoin" on the moon.

Dogecoin (DOGE) is a cryptocurrency that runs on blockchain technology, similar to Bitcoin and Ethereum. It was developed by Billy Markus (Portland, Oregon) and Jackson Palmer (Sydney, Australia) in December 2013 as a squid from Litecoin. Dogecoin is based on the popular internet meme "Doge," which shows a Shiba Inu in his logo.

Dogecoin was founded by IBM Software engineer Billy Markus of Portland, Oregon and Adobe Software engineer Jackson Palmer who had set out to create a peer-to-peer digital currency that would reach a wider demographic than Bitcoin. They also wanted to distance Dogecoin from the controversial history of other coins. The coin shows the face of a Shiba-Inu dog, the Doge-Meme, as logo and namesake.

In 2013, software engineers Billy Markus and Jackson Palmer launched a satirical cryptocurrency aimed at poke fun at Bitcoin and many other cryptocurrencies and boasted of big plans to take over the world. They named it Dogecoin (pronounced doje), a coin with a soft G-tone, after the popular Doge (Shiba Inu) meme.
This new thing called dogecoin was an indication that things would be more than eye-catching. Although it sounds like it is the dog currency, it turns out that it is actually a regular cryptocurrency that can be purchased and sold as investment or used as a currency for real money. DOGEcoin (pronounced DOHJ-coin) is a kind of cryptocurrency, like Bitcoin, Litecoin and Ethereum.

Cryptocurrencies are a type of digital currency that can be used to pay for things in the online world. Most cryptocurrencies, including dogecoin and bitcoin, are secured by an encrypted digital trade register known as blockchain. Was started in 2013 as a joke was now the hottest thing to invest in.
At the end of 2017, Dogecoin participated in a cryptocurrency bubble that pushed up the value of many coins. Founded after the Shiba Inu dog which was at the time the subject of an internet meme, cryptocurrency enthusiasts and online pranksters began swapping the coin for a fraction of a penny. Within three years, the coin market cap was six times larger than before, but the practical function of the market cap is limited by the number of dogecoins mined (about 100 billion) and how quickly supply can grow.

When the market capitalization of cryptocurrencies reached the $1 trillion mark for the first time in January, jokey coins like dogecoin were a real part of it. You can buy and trade Dogecoins on dozens of cryptocurrency exchanges, including Binance, Kraken, Huobi and Robinhood, and real people can earn real money from them.

It helps understand what Dogecoin is and why it is a safe investment to understand why a cryptocurrency was founded in the first place, starting with Bitcoin. DogeCoin is a cryptocurrency that was produced as a parody of the cryptocurrency market and where thousands of old coins were created after Bitcoin. The name and image of the coin are based on a popular meme depicting a Shiba Inu dog.

The main thing that distinguishes Dogecoin from most other cryptocurrencies is that it is an inflationary, not a deflationary, cryptocurrency. Every four years, the amount of Bitcoin put into circulation as a mining reward halves, and with it the rate of Bitcoin inflation halves, and no coins are released. While Dogecoins are inflationary coins, cryptocurrencies like Bitcoin are deflationary, because there is no cap on the number of coins that can be produced.


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