What is Dogecoin?
Updated: Apr 13
Dogecoin is a cryptocurrency and was created for laughs, serves no purpose, and is now worth more than 10 billion market value. Dogecoin was invented in 2013 by Billy Markus.
Dogecoin is a cryptocurrency, a form of digital currency something like bitcoin and enables peer-to-peer (P2P) transactions across a decentralized network. One important difference: bitcoin is the original blockchain proof-of-concept. Bitcoin is ground-breaking. Bitcoin is a world-changing technology with the potential to transform how money works.
Dogecoin is a digital coin with a picture of a dog that is Shiba Inu on it. Recently, Elon Musk’s interest in Dogecoin is attracting attention to the cryptocurrency ecosystem and caused Bitcoin prices surged more than 25%.
Tesla owner, Elon Musk has been sharing a series of tweets promoting Dogecoin, which initially began as a cryptocurrency joke and this has increased Dogecoin more than 10 billion market value.
According to Bloomberg, Dogecoin is expected to stay strong and head towards its first $1 mark towards the end of 2021 after Elon Must showed interest in Dogecoin via Tweeter.
Will you invest in Dogecoin? Do you think Dogecoin can replace Bitcoin?