What is Dogecoin?
Dogecoin (DOGE/XDG) is a cryptocurrency featuring a likeness of the Shiba Inu dog from the “Doge” Internet meme as its logo. Dogecoin is a fun, new and rapidly growing form of digital currency. This form of digital currency is called “cryptocurrency”; a type of digital currency. Cryptocurrency is completely anonymous, decentralized, and extremely secure. You can use it to buy goods and services, or trade it for other currencies (both other cryptocurrencies or traditional currency like US dollars or Euros).
Who created Dogecoin?
Dogecoin was created by programmer Billy Markus from Portland, Oregon, who hoped to create a fun cryptocurrency that could reach a broader demographic than bitcoin. In addition, he wanted to distance it from the controversial history of other coins, mainly bitcoins. At the same time, Jackson Palmer, a member of Adobe Systems’ marketing department in Sydney, was encouraged on Twitter by a student at Front Range Community College to make the idea a reality.
Introduced as a “joke currency” on 6 December 2013, Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014; as of January 2018, it has a capitalization of US $2 billion.
Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined. While there are few mainstream commercial applications, the currency has gained traction as an Internet tipping system, in which social media users grant Dogecoin tips to other users for providing interesting or noteworthy content.
How to Get Started with Dogecoin
1. Get Ledger Nano S Wallet – The most secure Dogecoin hardware wallet
2. Choose from the best sites to buy Dogecoin. I’ve selected the most popular & secure exchanges – reviewed and sorted by payment method
3. Buy Bitcoin – it is not possible to buy directly Dogecoin with USD/EUR
4. Exchange Bitcoin to Dogecoin and save it to your Ledger Nano S Wallet
Dogecoin Forecast 2018-2019
If you are looking for virtual currencies with good return, DOGE can be a profitable investment option. Dogecoin price equal to 0.0154 USD at 2018-01-08. If you buy Dogecoin for 100 dollars today, you will get a total of 6506.761 DOGE. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-01-06 is 0.02035 US Dollars. With a 5-year investment, the revenue is expected to be around +32.4%. Your current $100 investment may be up to $132.4 in 2022.
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