Created in late 2013 by Billy Markus of Portland, Oregon and Jackson Palmer of Sydney, Australia, Dogecoin is a cryptocurrency based on the ‘Doge’ Internet meme. It features a Shiba Inu as its logo. At the end of 2014, Dogecoin had about 100 billion coins in circulation. Dogecoin is a fork from Litecoin and has been producing an additional 5.2 billion coins every year after 2014. Both Markus and Palmer wanted to create a cryptocurrency that’s both fun and appealing to users beyond the hardcore Bitcoin audience. Dogecoin is used as a tipping system on the social media sites Reddit and Twitter, as a way to reward users for creating or sharing quality content. The Dogecoin community has been very active in its organization for fundraising events and other deserving community causes. It uses the scrypt hashing algorithm.
Source: The Merkle - 1 day ago
When it comes to gauging the overall cryptocurrency momentum, Dogecoin has become somewhat of a price indicator. When its value remains stable, Bitcoin is most likely going down. In today’s edition, it seems the Dogecoin price will remain at $0.002, primarily because of the massive losses in Bitcoin value. This paves the way for an […]
Source: The Merkle - 2 days ago
Even though there is seemingly a lot of positive momentum in the cryptocurrency industry, most markets remain somewhat fragile right now. That is not abnormal during the weekend, yet it is evident sustaining any uptrend will pose its own challenges. In the case of Dogecoin, things are not looking all that bad right now, as […]
Source: The Merkle - 5 days ago
Today may prove to be a very interesting day for Dogecoin. Not just because the “meme currency of the internet” celebrates its five-year anniversary, but also because it seems largely unfazed by the current crypto market onslaught. That in itself a very bullish signal in its own right, although it remains to be seen if […]
Source: Live Bitcoin News - 6 days ago
The creator of Dogecoin, Jackson Palmer, has written a script to block the XRP Army on Twitter. There is often nothing as endearing as a dedicated fan. A fan is willing to spread their love and knowledge of their chosen passion near and far. However, there are those who become overzealous and irritate others with...
Source: The Merkle - 6 days ago
Even though it would appear Dogecoin is a more stable hedge than most other cryptocurrencies right now, that is not always the case whatsoever. As today’s market momentum shows, even the DOGE value can drop by over 6% in a matter of hours. For the time being, the main question is whether or not the […]
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