Dogecoin (DOGE) is anopen-source peer-to-peer cryptocurrencydesigned for sending and receiving digital payments processed through the Dogecoin blockchain network. Dogecoin was developed by software engineers Jackson Palmer and Billy Markus and launched in December 2013 as a decentralized cryptocurrency for instant payments.
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What is Dogecoin (Doge)?
In 2013, Dogecoin (DOGE) was created as a way to poke fun at the crypto industry; now it’s one of the world’s biggest cryptocurrencies. How did it get to this point?
Is Dogecoin a worthy cryptocurrency?
Many years later, in January 2018, Palmer even said in another interview that Dogecoin is symbolic of the worrying developments in the crypto currency market. He said it鈥檚 crazy if a technology that hasn鈥檛 been updated in two years is worth hundreds of millions of dollars:
Is Dogecoin a GameStop stock?
Dogecoin differs from GameStop stock in one crucial respect, however; WallStreetBets traders were attempting to drive a short squeeze by forcing hedge funds to buy a diminishing number of shares. Dogecoin has an unlimited supply鈥攎eaning that there’s no such shorting dynamic involved.
What is the market cap of Dogecoin?
Boosted by influencers including Tesla CEO Elon Musk, the cryptocurrency hit a market cap of $88 billion at its peak in May 2021. What happens when a joke gets taken seriously? In 2013, Dogecoin (DOGE) was created as a way to poke fun at the crypto industry; now it’s one of the world’s biggest cryptocurrencies.