News Summary: Dogecoin

Any investor with even a passing interest in cryptocurrency is probably wondering if they should buy Dogecoin now. We will start by explaining briefly what Dogecoin really is. [1]

Dogecoin Price

What is Dogecoin?

Dogecoin is a decentralized, peer-to-peer digital currency, which enables instant payments to anyone in the world. It is based on the Bitcoin protocol but differs from Bitcoin in that it can be efficiently mined with consumer-grade hardware. Dogecoin provides faster transactions than Bitcoin, and uses scrypt technology as a proof-of-work function, which can lead to more decentralized mining by regular users also known as miners. Each Dogecoin block has a hard limit of 100,000

Dogecoin is a cryptocurrency that was introduced as a joke, but it has now become one of the most used cryptocurrencies. The meme Doge is an internet phenomenon that is known for having puppies in its logo and this represents the lighthearted nature and humor of its creators, making it popular among users and investors alike.

Dogecoin was created by Billy Markus and Jackson Palmer in December 2013 to take a dig at the cryptocurrency community. They created an internet meme using the Shiba Inu dog as the main logo for the coin.

Why would anyone want to make a digital currency based on memes? It was just for fun, but of course, it is still fully functional as a cryptocurrency.
Dogecoin is a peer-to-peer Internet currency that enables online payments to be sent directly between users.

It was introduced in December 2013 and now is one of the top five cryptocurrencies by market capitalization.

Summary of Dogecoin news

Known as Tesla CEO Elon Musk’s favorite cryptocurrency, dogecoin (DOGE) continues to get a lot of attention. [3]
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Dogecoin, the cryptocurrency, hit $0.01 on Saturday, which is a huge milestone for those that have been investing their time and money in it for a while. [4]
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Created by software programmers Billy Markus and Jackson Palmer in 2013, DOGE is sometimes called the “joke currency” because of its start as an internet meme. [3]
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The Doge cryptocurrency is even used by retailers to accept payments. [1]
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Now that more people are seeing the potential in the currency, more will be inclined to purchase, which in turn means a run to $1. [4]
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On most days, Dogecoin is the subject of memes and cryptocurrency enthusiasts. [5]
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For those that have been patiently waiting for Dogecoin to become the next Bitcoin, the wait may soon be over. [4]
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DOGE skyrocketed more than 900% in a little more than 24 hours Thursday and at its peak was up more than 1,400% since Jan. 1. […] It was all a joke; Doge, like Bitcoin, is a decentralized cryptocurrency. [2]
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A campaign by a group of Redditor crypto investors is what drove the sudden price move. [2]
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Consumers purchased coins for personal payments, and the capitalization of the altcoin rose steadily. [1]