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Dogecoin (DOGE): What is it?
“An open-source peer-to-peer currency” is Dogecoin (DOGE). It is a cryptocurrency made possible by blockchain technology, to put it another way. It’s also one of the most well-known “altcoin” currencies in the world (an alternative to the more established cryptos like Bitcoin and ether). Dogecoin is most well-known for (and valued as a result of) its devoted fanbase, the buzz on social media, and ability to establish a presence in popular culture.
History of Dogecoin in a nutshell
Jackson Palmer and Billy Markus created Dogecoin with the goal of utilizing the peer-to-peer features of Blockchain by developing a cryptocurrency that is centered around community. Dogecoin was formally launched in the USA in December 2013.
If all of the above sounds very serious, Palmer and Markus have admitted that they only wanted to launch Dogecoin as a playful jab at Bitcoin. Because of this, they decided to make the infamous “Doge” dog mug the face of their company. The first “meme cryptocurrency” Dogecoin was thus created.
Twitter, Reddit, and later TikTok were the main social media platforms used by Dogecoin to promote the new coin. Tweets and other social media have had a major positive impact on Dogecoin as well.
How to purchase Dogecoin: trade vs. investment
There are two methods for becoming familiar with Dogecoin. You could either buy Dogecoin outright (i.e. invest) in the belief that its value will rise, which is a choice we don’t currently provide. Alternatively, traded dogecoin and make a profit or loss based on how well your prediction matches what the market is doing.
