WHERE DID DOGECOIN COME FROM.

So DogeCoin was invented as a joke right ? yes effectively, however there was some purpose behind it. That purpose being to raise awareness to the (then fairly unheard of) Cryptocurrency community. This Coin was created with the current most popular meme as its logo for good reason. What’s fore friendly then a cute dog right ?

the crypto was created in 2013 by Billy Markus and Jackson Palmer, both of these men have extensive backgrounds in software engineering and are very credible.

It was a big surprise to the creators (Jackson Palmer, Billy Markus) when the Cyptocurrency had built a strong following within hours online. It now has an estimated market cap of $78 billion, some joke huh ?

The coin was written in the same programming language as bitcoin (c++)

The financials:

The current market price as of 13/07/21 is at $0.0212982, however the predicted value is expected to reach $0.38 by the end of 2021 – $0.57 by the end of 2022 – then it is expected to reach $1 value by the end of 2023, so this is obviously great predictions over the long term for investment according to multiple sources of market predictions.

In 2020 the crypto had a boost in value when it hit $1 due to a marketing technique on TikTok using the #tiktokDogeCoinChallenge. but this spike in value was temporary when it dropped back down shortly after.

The differences between doge and bitcoin:

1. Dogecoin is not very scarce due to the fact that it is printed every day, hence it is possible that Doge will not reach high’s such as bitcoin or ethereum. Whereas bitcoin is of a limited supply, similar to gold or diamonds. As more bitcoin is mined the supply runs dry. This is the reason for high prices similarly to gold or diamonds.
2. Bitcoin was created by Satoshi Nakamoto in 2009 and it was a very detailed, seriouse idea, whereas Dogecoin was made as a joke. This does not mean that doge is a bad investment in my opinion. – The reason for my opinion is, ask anyone you know under the age of 30 if they are aware of doge. its highly likely you’ll get a responce along the lines of “the one with the dog ?” hence id argue its almost as popular as the likes of bitcoin and frankly at the moment it could be argued that its more popular, at least to the wider audience of people.
3. Though for many years dogecoin was worked on by some briliant minds, bitcoin has an extensive and well-funded ecosystem that does not exist with dogecoin. But doge has a wide range of supporters such as Elon Musk for example.

I hope this article was enough to give you a very basic understanding of what dogecoin is.

If you are concidering investing in dogecoin consider doing your trading on  https://www.binance.com/en/register?ref=B8WVQ98X this link gives you access to an 10% on your deposit.

Binance is the worlds largest crypto trading platform, but I still suggest very strongly that you hold all of your crypto on a cold storage drive of some sort, this is a link to the one I use personally https://amzn.to/3hB8jl5 you can buy this on amazon for a great price.

My favourite book on crypto The Bitcoin Standard.

free BTC bitcoin while your computer/laptop/phone or tablet is surfing the web with cryptotab.

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