Dogecoin is a cryptocurrency which was made with a fun and friendly brand picture that aims to be a supportive introduction to cryptocurrency. Billy Markus, the creator of dogecoin ,an Oregon programmer, who came up with the concept for a kind of “joke” cryptocurrency. Which was to used to be used as a friendly introduction to cryptocurrency to the beginners. And it was not mayn’t to go mainstream as it is going now a days.
He reasoned that a more lighthearted coin, rather than Bitcoin, would have a greater chance of gaining mainstream acceptance. According to google, although Dogecoin is nowhere near the scale of Bitcoin, the ‘joke’ currency’s market cap has risen from more than $1 billion in early January to $47 billion on Saturday of June.
Dogecoin is dubbed as a “meme cryptocurrency.” Dogecoin (DOGE) is an open-source cryptocurrency that is based on a fork of the Litecoin code. As the name implies, it is mainly based on the Doge meme that swept the Internet in 2013.On a year-to-date basis, the token has climbed approximately 7,000 percent. DOGE achieved its all-time high of $0.73 on 8 May 2021, driven by optimistic tweets by Elon Musk.
Exciting Facts About Dogecoin.
- 1. Dogecoin is an open-source, peer-to-peer digital currency popular among Shiba Inus around the world. “Doge” is our fun and friendly mascot!
- 2. The Shiba Inu is a Japanese breed of dog that has become popular as an online meme and is associated with Dogecoin.
- 3. Dogecoin has one of the most active and most prominent communities in the cryptocurrency world. This group has banded together to support a variety of charitable endeavors and other ventures. They were also able to fund a NASCAR race.
- 4. Unlike Bitcoin, Dogecoin has no upper limit, which means more than 100 billion doge coins in circulation.