Facts about Dogecoin: Forecast, True Value, Joke Cryptocurrency that became Real
|Facts about Dogecoin - Forecast, True Value|
Dogecoin price today is $0,067190 USD with a 24-hour trading volume of $23.783.567.331 USD. Dogecoin is down 73,02% in the last 24 hours. The current CoinMarketCap ranking is #9, with a market cap of $8.609.472.602 USD. It has a circulating supply of 128.136.378.598 DOGE coins and the max. supply is not available.
The top exchanges for trading in Dogecoin are currently Binance, Huobi Global, YoBit, BitAsset, and BitZ.
What is Dogecoin?
Dogecoin is a decentralized, peer-to-peer digital currency that enables you to easily send money online. Think of it as "the internet currency." Webside of cryptocurrency: https://dogecoin.com.
Dogecoin—the cryptocurrency based on a meme about an over-enthusiastic Shiba Inu dog—reached an all-time record price of 4 cents on Thursday evening. That represents an incredible fivefold increase over the preceding 24 hours. The cryptocurrency was trading for less than a penny on Wednesday evening.
Dogecoin's rally appears to be connected to the WallStreetBets phenomenon. The subreddit WallStreetBets has been the nerve center of an online movement to pump up the value of GameStop and a handful of other stocks in an effort to bankrupt hedge funds that had taken big short positions in the stocks. GameStop's value has risen nearly fivefold since the start of the week—and more than sixtyfold since last summer.
Dogecoin is a fun, new and rapidly growing form of digital currency.
This form of digital currency is called "cryptocurrency"; a type of digital currency. Cryptocurrency is completely anonymous, decentralized, and extremely secure. Dogecoin is used with a wallet on your computer, your smartphone, or a website.
You can use it to buy goods and services, or trade it for other currencies (both other cryptocurrencies or traditional currency like US dollars).
One of the most popular uses for Dogecoin is "tipping" fellow internet-goers who create or share great content. Think of it as a more meaningful "like" or upvote, with real value that can be used all across the internet.
|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. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin|
What's with Dogecoin and the dog?
"Doge" is our fun, friendly mascot! The Shiba Inu is a Japanese breed of dog that was popularized as an online meme and represents Dogecoin.
The internet got very excited by this bold, new coin and started to ask, “well, what is Dogecoin?”. One answer is - it’s a coin with a dog on it! But that’s not the whole story.
What started as a little joke has now become a huge crypto community. Dogecoin is commonly known as the “friendly” coin, and for good reason. Since its success, Dogecoin has been known for its charitable donations and other good causes.
History of Dogcoin
By December 2013, one Bitcoin was worth $1,083.14. The world was starting to take cryptocurrency seriously. Billy Markus and Jackson Palmer thought that cryptocurrency was being taken too seriously. They thought that crypto should be about fun, and not just about money. So, they decided to create their own coin.
Dogecoin was launched on December 6th, 2013. Its mascot is a popular meme of a Shiba Inu dog and the way it’s spelled and pronounced is borrowed from an internet puppet show.
June 22, 2014. Jackson Palmer, a self-identified "average geek," is high in the stands at a Nascar race at Sonoma Raceway, California. He is an Australian man in his 20s. He has zero interest in racing. Never in his wildest dreams did he imagine it would come to this.
Fans of Dogecoin call themselves Shibes! They even have their own Shibe language. It’s made up of funny broken English terms and phrases like, “such amazing”, “much grateful” and “many works”. There are even Shibe meme generators you can try.
|WallStreetBets Fever Hits Dogecoin, Price Soars 142%|
Dogecoin fans are a special group, and have used Dogecoin to do some special things.
|*In 2014, the Dogecoin community raised $50,000 to help send the Jamaican Bobsled Team to the Sochi Winter Olympics. |
*For World Water Day (March 22nd, 2014), loyal Shibes raised $30,000 to help build clean-water wells in the Tana Valley, Kenya.
*Shibes have even tried NASCAR (North-American Stock Car Auto Racing). In March 2014, Shibes paid $55,000 to sponsor a driver named Josh Wise. Wise raced in a Dogecoin themed car!
*Read More: What is Wallstreetbets (WSB) Reddit Group and Who is Jaime Rogozinski
How to get started with Dogecoin
Setting up a Dogecoin wallet is as easy as 1, 2, 3. Seriously! Check out our Getting Started guide below.
*Get Started Dogecoin Here if you would like to try?
On Saturday morning, a Twitter account called WSB Chairman (which isn't officially associated with the WallStreetBets subreddit) tweeted "has Doge ever been to a dollar?" The answer to that question is "no," but some members of the WSB community apparently decided to try to change that.
The Reddit-based trading community known as r/WallStreetBets discusses stock and options trading and has made headlines in recent days after causing havoc in the financial market by pumping stock and causing major headaches for short sellers.
The “WSB Chairman” Twitter account, which has quickly gained almost 400,000 followers and says it is not associated with the Reddit group, tweeted Thusday: “A lot of you are talking about Dogecoin. What’s that? A meme crypto?” In another tweet they asked: “Has Doge ever been to a dollar?”
|Dogecoin is a cryptocurrency, a form of digital money that, much like bitcoin, enables peer-to-peer transactions across a decentralized network. One important difference: bitcoin is the original blockchain proof-of-concept. Bitcoin is ground-breaking. Bitcoin is (some believe) world-changing tech with the potential to transform how money works in the 21st century. |
Dogecoin is a digital coin with a picture of dog on it.
"It is a puzzle to me why Dogecoin is so highly valued," says Adrian Lee, a senior finance lecturer at the University of Technology in Sydney, to CNet.
How Do You Mine Dogecoin?
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 solo, 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 Can You Buy Dogecoin?
You can buy or sell Dogecoin at any exchange that offers the digital currency, store it on an exchange or in a Dogecoin wallet, and tip Dogecoin in any communities that accept Dogecoin. For the latest list of exchanges and trading pairs for this cryptocurrency.