Why Is Dogecoin So Popular

However more recently Dogecoin dropped back to 016 after the all-time high rally and then again shot back up to 044 dollars. Fans of Dogecoin call themselves Shibes.

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Dogecoin has gained its popularity mainly because of the tweets of Elon Musk and also because its basically a meme.

Why is dogecoin so popular. Initially Dogecoin was mainly used for thanking others on the Internet for positive acts such as an idea or a web-related service. Nonetheless there is a lot of doubt about DOGE. Dogecoin a cryptocurrency that uses the Shiba Inu dog for its logo recently surpassed 10 cents in value for the first time in its history which is a huge markup from its value of 00023 cents back in summer 2020.

Why is this so. The result was magnanimous. But due to the popularity of Elon people started buying the coin.

They even have their own Shibe language. Why is Dogecoin so popular. What is Dogecoin.

9 hours agoOver the past month Dogecoin has been trending a lot. The cryptocurrency originally created for fun and the community that formed around it have greatly influenced the development and popularization of. Dogecoin was created in 2013 as a joke based on the popular meme featuring a Shiba Inu dog.

It has retained a loyal following since then. Dogecoin is a digital currency created in 2013 partially as a joke. 1 day agoDogecoin currently has a market value of over 37 billion as a result of the same with the currency ranking 8th on CoinMarketCaps charts.

Blockchain is a distributed ledger. It was started as a satire about the proliferation of cryptocurrency at the time and uses the doge internet. Since its success Dogecoin has been known for its charitable donations and other good causes.

Thats why Dogecoin is gaining in value today. So how did dogecoin become so popular. People invested a ton of money into this currency hoping it can reach a good value and make them rich.

Per CNN the cryptocurrency which was really began as a meme and has existed for close to seven years now is currently trading for 013 cents. The Dogecoin price has skyrocketed from 005 to an all-time high of 045 a couple of weeks back. Co-founder Billy Markus told Newsweek last month.

Despite being a joke Dogecoin does have one redeeming quality. Dogecoin is one of the most popular cryptocurrency currently. The simplest answer is it has been around since 2014 and went MOON thanks to Elon Musk.

As of today Dogecoin has a total market capitalization of 50 billionputting it on par with Ford Motors or Volvo. Since it has yet to come from the shadow of being a meme coin. A huge reason Dogecoin was able to break into popularity and stay popular is because of its widespread availability in exchanges.

Like Bitcoin its built on blockchain the peer-to-peer technology that powers cryptocurrencies. The surge in Dogecoins value is linked with the WallStreetBets phenomenon which is like a sub-Reddit platform. It is one of the most popular coins.

Dogecoin or DOGE is a meme coin just like GameStock GME is a meme stock. Just as the amateur investors specifically the WallStreetBets forum users online turned the fate of GameStock by buying the falling stocks in masses after a pandemic hit. In short it seems the selfless community the light-hearted origin of the project and the real-world utility were the biggest contributors to dogecoins.

Dogecoin is commonly known as the friendly coin and for good reason. The most popular exchange for Dogecoin is Bittrex upper 30 and Poloniex 20 as well as minor exchanges GateIO HitBTC Cryptopia and CoinExchange with the most popular pairing being BTC-DOGE. Why Is Dogecoin So Popular.

The recent events that led to the astronomical growth of Dogecoin DOGE have undoubtedly brought popularity to the coin itself and to the community that has formed around what has been referred to as a meme-coin. The main aim of Dogecoin was to create the fun cryptocurrency rather than a serious one. With such an.

Why Is Dogecoin So Popular Now. The Tesla CEO has taken a liking of the coin for no particular reason. Currently the market cap of Dogecoin is around 450 million.

But since 2013 interest has been slowly building. Dogecoin the volatile joke token that has captured much media attention recently represents two fingers up to the establishment a finance professor has saidDogecoin price surged as much as 20 on Wednesday after Tesla boss Elon Musk called himself the Dogefather on Twitter He was supported the crypto in the past as well first tweeting about it in February.

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