Cryptocurrency is gaining popularity by the day, as dogecoin, a meme-themed cryptocurrency, hit a new all-time high of $0.299116 per coin recently. While dogecoin is starting to gain real popularity, it is still a relatively new cryptocurrency with little name recognition. There are over 1,000 alternative cryptocurrencies to bitcoin, including bitcoin and dogecoin, and among them, dogecoin is the most cost-effective in comparison. For example, at the time of writing this publication, a bitcoin will cost you $56.227.66, whereas one dogecoin only costs $0.299116. The potential for exponential gains is much higher for dogecoin.
What is Dogecoin?
Dogecoin is an alternative cryptocurrency based on the doge meme, a popular Internet joke. The dogecoin network went live on December 6, 2013. Since then, there has been a lot of activity on a number of cryptocurrency exchanges that trade dogecoins. In 2014 the coin has achieved milestones such as reaching over $1 billion market capitalization, highest trade volume of any cryptocurrency, being used to purchase a Tesla Model S, and being accepted by the online community and charitable organizations such as Doge4Kids.
The crypto currency dogecoin was created by Billy Markus from Portland, Oregon, and Jackson Palmer from Sydney, Australia. Both of them own a successful company that provides the web services for various companies. The original intention of creating dogecoin was a joke, but when the team realized that this digital currency is a real thing, they decided to continue its development.
A few years ago, the deep web had a booming trade in the Elon musk cryptocurrency Dogecoin. While the currency’s popularity has since been stated, it still has a passionate community of users—including several artists who have used it to pay for their work. In January, the artist Halsey listed her album Euphoria on her website as a payment in dogecoins, which she then converted to cash. But the artist wasn’t out to be a trailblazer in her field; she just wanted to have “a little fun” with the currency. “I wanted to see if I could get my album paid for in Dogecoin,” she said.
Current market cap of dogecoin
At the time of this writing, CoinMarketCap reports that the total market capitalization of dogecoin is over $1 billion, which is just a fraction of the total value of all the cryptocurrencies in circulation. It is an impressive feat for such an early-stage cryptocurrency, however, bitcoin still dominates the cryptocurrency market, with its total market cap almost five times that of dogecoin and close to ten times that of the next largest cryptocurrency, ripple.
Where to buy Dogecoin
If you want to buy dogecoin stock, the first step is to create a Dogecoin wallet, which is the equivalent of a Bitcoin wallet. Think of this as a place to store your new coins. One of the most popular options is Binance, which is a simple online wallet. You can also download the Dogecoin client to your computer, which will create your wallet file on your hard drive. Next, you’ll need to purchase from an exchange. To buy Dogecoin, start by shopping online at one of the many digital currency exchanges. But we recommend using CoinBase.com or Binance.com, which is a fast, safe, and user-friendly way to buy cryptocurrency.
21 facts about Dogecoin
- Easy to buy
- Easy to convert
- Easy to send
- Easy to spend
- Long-lasting
- No limitations
- All Internet-based
- All-digital
- All-positive
- All-accessible
- All-potential
- Little fees
- Lots of places
- Lots of businesses
- Lots of people
- Lots of opportunities
- Lots of experts
- Lots of investors
- Lots of information
- online payment
- A new beginning
Frenzy valentine is a passionate blogger, developer, and entrepreneur. He is the founder and author of myfreshgists.com and Mycatnails.com.