More

    What is Dogecoin? Why is Dogecoin getting so popular?

    Out of a sudden, everyone is talking about Dogecoin. What made this coin so popular? Well, today I will share with you all about this coin. Dogecoin was co-founded by IBM software engineer Billy Markus from Portland, Oregon, and Adobe software engineer Jackson Palmer, who set out to create a digital currency that could reach a broader demographic than Bitcoin.

    Dogecoin, what is dogecoin, why is dogecoin popular, why is everyone talking about dogecoin, what is dogecoin currency, dogecoin history, how dogecoin became popular, dogecoin popular history

    Dogecoin is a meme-based cryptocurrency. It was launched in 2013, it’s similar to Bitcoin but unlike bitcoin, it has no value cap or mining limit. About 100 billion of these have been mined with about an increase of 5 billion every year.

    The Dogecoin is based on the famous Shiba Inu meme that was popular several years ago. The meme is getting its popularity back in 2021. Can you believe it? A cryptocurrency based on just a joke! Well, this currency took a different road, and now it isn’t a joke anymore!

    The rate of Dogecoin is 0.076$ which is not a lot compared to Bitcoin but it has recently been on the rise.

    Dogecoin, what is dogecoin, why is dogecoin popular, why is everyone talking about dogecoin, what is dogecoin currency, dogecoin history, how dogecoin became popular, dogecoin popular history

    Dogecoin has gained its popularity mainly because of the tweets of Elon Musk, and also because it’s basically a meme. But due to the popularity of Elon, people started buying the coin. People invested a ton of money into this currency hoping it can reach a good value and make them rich.

    Dogecoin, what is dogecoin, why is dogecoin popular, why is everyone talking about dogecoin, what is dogecoin currency, dogecoin history, how dogecoin became popular, dogecoin popular history

    Elon has now multiple tweets on his Twitter regarding Dogecoin and he is even asking people to spend on it.

    Dogecoin, what is dogecoin, why is dogecoin popular, why is everyone talking about dogecoin, what is dogecoin currency, dogecoin history, how dogecoin became popular, dogecoin popular history

    Seeing how the popularity of Bitcoin rose, many people are investing in this currency in order to get ready if it ever rose and that is why everyone is talking about it.

    One popular event is when in December of 2013 a hacker got access to the official website as well as the Dogewallet and stole a huge amount. Soon after this, the fans launched a campaign to donate to recover the stolen Dogecoin, the initiative was named “SaveDogemas”. One month later enough donations were collected to recover the theft.

    Who knew we would see a meme currency get popular.

    Dogecoin, what is dogecoin, why is dogecoin popular, why is everyone talking about dogecoin, what is dogecoin currency, dogecoin history, how dogecoin became popular, dogecoin popular history

    Will you be investing? Share your opinions!

    Read Also “Top 10 budget smartphones of March 2021

    Recent Articles

    Get ready for a new Windows: Sun Valley update is coming!

    Microsoft is working on a major update for Windows 10. It is expected to come later this year. It will bring with it a...

    POCO F3: List of countries, specifications, features & expected pricing

    POCO F3 is the upcoming flagship killer phone which we all were waiting for. POCO F3 is what we are expecting to call it. It can be...

    Huawei P40 4G launched: Mixed Reactions

    A new addition to the Huawei P40 family! The Huawei P40 has grown a lot with more than 6 phones under the name. People...

    Redmi K40, K40 Pro and K40 Pro+ Official Specs & Price in USD

    The Redmi launch event which was held today launched, the Redmi K40 series along with the Redmi Book and the Redmi TV. Here is...

    RedmiBook Pro 15 & RedmiBook Pro 14 Launched: Official Specs & Pricing

    In today's launch event along with phones, we also got new laptops. RedmiBook Pro 14 and RedmiBook Pro 15 two notebooks, equipped with the...

    Related Stories