If I say a joke can worth 2 billion dollars, do you believe me ? No, of course no one, but when you learn about DogeCoin you'll change your answer to Yes !!
In the world of cryptocurriencies, there are hundreds of crazy ideas and thousands of coins and DogeCoin is definitely one of them. In this article I'll discuss about what DogeCoin is ? The story behind it's origin and how it works.
So let's dive in...
What Is DogeCoin ?
DogeCoin is a one of the most popular and community friendly cryptocurrency. It is named after the Shiba Inu dog meme which was very popular at the time of origin of DogeCoin i.e in 2013. The whole game was started as fun but in very short time it becomes very famous and builds up a lively community of enthusiastic members. Today the DogeCoin MarketCap is around 2 billion US dollars.
Should You Include DogeCoin In Your Portfolio ? 💡💡
DogeCoin is not an investment coin. Due to it's unlimited supply the price of coin is generally stable and very low.
Though you can buy it for fun 🤹♂️ not as a investment.
Who Created DogeCoin ?
In 2013 Jackson Palmer sent a fun tweet that he's investing in DogeCoin cryptocurrency, which was fake at that time but in some days he found other members twitting like, the industry really needed a light-hearted token which can counter the other controversial coins.
After that Jackson took that replies seriously and teamed up with Billy Markus, a programmer to bring DogeCoin in reality.
DogeCoin Timeline
December 2013 : Jackson Palmer founded the idea of DogeCoin
June 2014 : The DogeCoin foundation is established for development & govern the DogeCoin
April 2015 : Co-founder Jackson Palmer left the project
January 2018 : DogeCoin surpassed the golden $ 2 billion MarketCap.
Special Things Of DogeCoin ?
Unlimited Supply : At initial stage of development there was 100 billion supply of DogeCoin but later the supply was made unlimited, which keep the price stability of coins.
Speed & Fees : The DogeCoin transaction occurs at lightning seed and there's very low fees, which makes it globally acceptable.
Community : Community is of course the heart of the DogeCoin. There are 100,000 people of Reddit are using DogeCoin for tipping their favourite members.
What Can You Do With DogeCoin ?
The main purpose of DogeCoin is for online tipping. If someone posted in DogeCoin Reddit community, and if other members like the posts, they can tip that creators in DogeCoin. This is why the DogeCoin makes the most community friendly cryptocurrency.
If you've DogeCoin then you can also exchange it for fiat currencies on popular exchanges. This makes DogeCoin not only a community coin but also builds it's reputation in financial community.
Future Of DogeCoin ?
Even though, the journey of DogeCoin started as a joke, it built a legitimate & loyal community around it. One of the co-founder Jackson Palmer left the project in 2015 after scammers scammed the loyal DogeCoin community. He said that many people are getting into the network for 'get-rich-instantly' purpose and the main purpose of DogeCoin is lost. But after 3 years of his resignation, in 2018 DogeCoin hit it's all time high and reached tot he $ 2 billion MarketCap.
Even the coin is not for investment purpose, it's a community coin. All the DogeCoin community members do not see DogeCoin as a investment they see it as a fun and they found a way to integrate that coin in their day-to-day online surfing. So the coin will be there for a very long time.
This is it from my side on DogeCoin 🐕 hope you enjoyed the article.
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Dog coin 🐶