Bhargav

· 11 Nov 2021

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What is doge coin?

As a fun and friendly cryptocurrency, Dogecoin aims to help people learn about cryptocurrency. There is a "joke" cryptocurrency that Billy Markus, an Oregon programmer, came up with. He believed that the mainstream would be more accepting of a more lighthearted coin rather than Bitcoin. This "joke" currency's market cap has grown from more than $1 billion in the first few weeks of the year, per CoinMarketCap, to $47 billion on Saturday.

Meme cryptocurrency" was coined for the coin. DOGE is an open-source cryptocurrency based on a fork of Litecoin's (LTC) code that is free to use. A lot of it is based on the Doge meme that swept the Internet in 2013, as its name suggests.

The token's value has increased by more than 7,000 percent so far this year. On May 8, 2021, Elon Musk's optimistic tweets pushed DOGE to an all-time high of $0.73.

Dogecoin Facts You Should Know Digital currency Dogecoin is widely used by ShibaInus worldwide because it is open source and peer-to-peer. Our mascot, "Dog," is a lovable and amusing character! Since becoming popular as an online meme, ShibaInu dogs have been linked to the Dogecoin digital currency. As a result, the Dogecoin community is one of the most vibrant and active cryptocurrencies. The members of this group have come together to support a variety of charitable causes and other endeavors. The race was also able to raise money for the foundation. There is no upper limit on the number of Dogecoins in circulation, which means more than 100 billion Dogecoins exist.

To what end is Dogecoin so popular? Celebrities like Elon Musk and Snoop Dog have endorsed Dogecoin, and rock star Gene Simmon is helping to drive up its price. "Dog barking at the stars" was how Musk described the coin in April. As a result of Elon Musk's tweet, many people purchased large amounts of Dogecoin (DOGE), which caused the price to rise by 20%. Bitcoin and Ethereum's rising prices are widely believed to have pushed the value of Dogecoin up as a result of this surge. Twitter user Elon Musk tweeted an image on April 18 that depicted the "dogecoin norm" blowing over "the global financial system" as a dust storm. It was "inevitable," Musk said. DOGE appears to be unstoppable at this point.

The meme cryptocurrency briefly replaced the payment-focused XRP as the fourth-largest cryptocurrency by market capitalization as the prices reached a new peak. Dogecoin's mainstream nation has been boosted by a strange combination of factors, including Elon Musk's apparent endorsement and overwhelming support from Robinhood dealers. Amid the market mania, DOGE liquidations surpassed those of Bitcoin (BTC). At the beginning of the year, DOGE's Twitter activity briefly overtook the flagship cryptocurrency.

Dogecoin (also known as Dogecoin) Indicator: DOGE Rs 27.92 in India Capacity: Rs 3.5 trillion Dogecoin-supporting crypto exchanges like WazirX, BuyUcoin, and others can be opened by Indian crypto investors. A debit or credit card, bank transfer, IMPS transfer, and other options are available to those who want to buy Dogecoin. Dogecoin can be purchased using any cryptocurrency wallet or online platform. A Know Your Customer (KYC) process is required by these platforms, which verifies your personal information.




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