What is dogecoin

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What are dogecoins
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DOGE remains a popular cryptocurrency among Redditors, and influential people like Elon Musk still back its worth. It is one of the most popular meme coins and ranked tenth among all cryptocurrencies based on a market cap in September 2022. Despite its popularity in the crypto community, one cannot say with certainty whether Dogecoin is a good investment or not. In fact, investing in Dogecoin is as risky or safe as investing in any other cryptocurrency, or perhaps more, because it is a meme coin linked to the internet or social media trends. What are dogecoins Dogecoin or DOGE is an open-source cryptocurrency created by Billy Markus and Jackson Palmer in 2013. It has an easy-to-use interface that allows sending and receiving DOGEs easily. It was initially started as a joke, which soon gained traction and amassed a loyal community of traders. Earlier it was decided to limit DOGE to 100 billion coins. However, it was later decided that there should be an unlimited supply of Dogecoins.
What is a dogecoin

Mining Dogecoin is considered to be much, much easier than something like Bitcoin, given the immense amount of competition for the latter. On the other hand, considering the vast price differential between the coins, the reward is also much smaller for Dogecoin. How Dogecoin works Dogecoin’s path since its birth has most certainly drastically altered the world as we know it. In the years leading up to Dogecoin’s emergence, crypto was gaining popularity. However, after Dogecoin found its way into everyone’s social media feed, crypto talks became frequent. That was the intention of Dogecoin Crypto creators Markus and Palmer.

So, What Is Dogecoin?
On May 8, 2021, despite—or perhaps because of—expectations of a surge in interest in Dogecoin resulting from Elon Musk's appearance on Saturday Night Live, Dogecoin dropped 34% from US$0.711 at the opening of the show to below US$0.470 45 minutes later. By the following morning Dogecoin hit a swing low of US$0.401, a cumulative drop of 43.6% and lost value of US$35 billion. Is Dogecoin a Good Investment? If the security of your crypto funds is in the first place, you can buy or deposit DOGE to your CEX.IO account. The protection of customers’ accounts is checked and proved by different independent regulatory agencies. We use cold storage for customers’ crypto holdings to keep them away from online hacks. Also, your account is protected with 2-factor authentication so only you can assess it and manage funds.
Wtf is dogecoin

Dogecoin was created in 2013 by a pair of software developers who worked at Adobe and IBM, respectively, as a parody of cryptocurrencies such as bitcoin. Cryptocurrencies are a type of digital money that can be used to pay for things in the online world. Most of them, including dogecoin and bitcoin, are backed by an encrypted digital ledger of transactions, known as a blockchain. Dogecoin In The Media Despite its origins as an attempt to poke fun at the crypto arena, Dogecoin has captured the fancy of the investing, or speculating, public. It’s popular with traders on Robinhood, and the reported total value of all Dogecoins in existence is about $8 billion, as of September 2022.

What is a dogecoin