1 Dogecoin = 1 Dogecoin

Dogecoin – excellent investment tool for earning!

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What is Dogecoin (DOGE)?

Dogecoin is an open source peer-to-peer cryptocurrency.

Start to earn with DOGECOIN

    Who, when and why created Dogecoin?

    Dogecoin was created by two programmers Billy Markus and Jackson Palmer. The creators themselves called it a joke. The reason for the creation of the coin was the first boom of interest around Bitcoin and the appearance of the first crypto-investors: everyone around was discussing the new product. Palmer decided to joke and created his own cryptocurrency to show everyone around that it is absurd to invest a lot of money in this unstable quasi-money..

    Dogecoin is a fork of Luckycoin and Luckycoin is a fork of Litecoin. Therefore, it is often simplified and stated that Dogecoin is based on Litecoin. The name and image of the currency is also a joke: the cryptocurrency is named after the meme Doge – a Shiba Inu dog.

    The official announcement of the new cryptocurrency took place on December 8, 2013. The blockchain was launched on December 6, 2013. As it turned out over time, the joke ceased to be a joke, and the capitalization of the “meme” began to grow to hundreds of millions of dollars.

    Unlike Bitcoin (which has often been accused of being used by drug dealers), Dogecoin was believed to be geared towards a good cause: charity. A foundation of the same name was launched, and various charitable initiatives around the world were supported. Dogecoin is also convenient to use for transferring funds between exchanges due to its speed and low cost.

    In 2015, Billy Marcus sold all his DOGEs, he wrote about this in an open letter to the community on the Reddit.com platform. It should be noted that this platform had a serious impact on the development of the project, even today the subreddit dedicated to the project is very popular. In the spring of 2015, Jackson Palmer also left the project.

    How did Dogecoin develop?

    The new cryptocurrency gained life and began to grow in value. In December 2020, the Dogecoin rate was $ 0.00025 per coin, and a month later – already $ 0.0023: an increase of 10 times in just a month. Over time, growth has slowed down, and the cryptocurrency has become as volatile as the others: either rapid growth, or a long decline. And nevertheless, the capitalization of the project for a long time was about $ 400 million.

    The first major jump in the value of cryptocurrency happened along with the entire market: in early 2018, one Dogecoin was worth $ 0.0183, dropping another zero. Since its inception, the cryptocurrency has risen in price by more than 7000%, has been traded on all popular exchanges and has consistently entered the list of the most popular cryptocurrencies.

    And then everything seemed to go out of control. Members of several communities on Reddit began to talk about the fact that Dogecoin is the most underestimated cryptocurrency and its value needs to be raised up to $ 1.Crypto investors began to massively buy up crypto in order to increase its rate, and also ask not to dump it in case of volatility. The global goal of the communities on Reddit is to make Dogecoin the third largest cryptocurrency in the world by capitalization, after Bitcoin and Ether.

    How are Dogecoin and Elon Musk related?

    The richest man on the planet, Elon Musk, although not directly related to the creation of the coin, has become one of the iconic figures for Dogecoin. In early February last year, the entrepreneur wrote several tweets in support of the cryptocurrency, started posting memes, etc. His initial posts blew up the markets and the value of Dogecoin surged 50% in a matter of hours. Elon did not stop there and published several more posts. The billionaire wrote that he had purchased coins for his son and that he now also became a “hodler” (long-term holder). Many people thought that this was just a fun game for Musk, but later he called for investing in Bitcoin, and then it was reported that Tesla invested $ 1.5 billion in BTC. Due to this news, the market took off again, and bitcoin rose to a new maximum value of $ 47 thousand.

    There was always a lot of skepticism around the Dogecoin project, the creators themselves called it a joke, but thanks to the rapid development of the crypto industry and an active community, there are more than 2.7 million subscribers of Dogecoin’s official Twitter account, the project is not only included in the TOP20 in terms of capitalization, but is also one of the the most often mentioned cryptos in the media and social networks.

    This fame is not in vain, and in March 2021, the owner of the Dallas Mavericks basketball club, Mark Cuban, announced that his team would allow buying tickets for matches, merchandise and food using Dogecoin. In May 2021, SpaceX announced a joint mission to the moon with Dogecoin, which will be paid for with the DOGE cryptocurrency.

    The future of Dogecoin

    At the time of this writing, the capitalization of the project was $ 20,197,367,050, and one Doge costs $ 0.1522. The WalletInvestor.com website provides a forecast for the value of Dogecoin, which is generated by machine algorithms. The site estimates that the token price could rise to $ 0.32 by the summer of 2022. A more conservative estimate – $ 0.26 by July 2022 – is given by the digitalcoinprice.com analytical platform. Nevertheless, all forecasts are quite optimistic and it is safe enough to invest in Dogecoin

    The best place for buying Dogecoin

    You can buy Dogecoin directly on this site in any convenient way – for cryptocurrencies or simply using a bank card. A complete list of exchanges where Dogecoin is sold can be found on the CoinMarketCap (CMC) website.

    Where to store DOGE coins

    Today, most wallets and exchanges already support this coin, which means that you can store DOGE:

    • in the wallet of the exchange;
    • in the official wallet of the project – Multidoge (available on the website);
    • in a software wallet (e.g.Trustwallet);
    • in a hardware wallet (e.g. Ledger).

    The safest are hardware wallets. But always remember that your cryptocurrency is always your responsibility.