If you believe that cryptocurrencies are always a deadly serious business, you are definitely wrong. There is a bunch of crazy coins that can be looked at with a wink. With this post, I would like to present one of them to you - the Dogecoin. 😉
What is Dogecoin (DOGE)?
Dogecoin actually started in 2013 as a parody of the success of Bitcoin and Litecoin. This coin, that is a fork from Litecoin, has become a serious currency with a really large and active community over the past years.
DOGE is mainly used for its tip functionality. Users can reward each other with tips if they have shared some beautiful content on a platform, such as Reddit. So it can also be used as a means of appreciating others.
This is a nice and above all nice idea! For this reason, Dogecoin is very popular on Reddit, Twitter, and some blockchain-related communities.
The fun and friendly internet currency: Dogecoin sets itself apart from other digital currencies with an amazing, vibrant community made up of friendly folks just like you.
Dogecoin has managed to build a sustainable and friendly community with a capitalization of over one billion dollars and it is still one of the largest currencies in the crypto market.
The Dogecoin community not only helped its members who got into trouble or were hacked but was also involved in some interesting charity events. For example, she raised $ 50,000 for the Jamaican bobsled team to go to the Sochi 2014 Winter Olympics and $ 30,000 for the construction of a well in the Tana River basin in Kenya.
Even Elon Musk is a real Dogecoin fan after lately giving praise on Twitter for the second time. Elon Musk, who turned out to be a supporter of this altcoin, gave DOGE another boost with a meme-based tweet.
This is the second veiled recommendation for the Dogecoin after Elon Musk tweeted about his favorite coin last year.
The entire crypto community was enthusiastic about the support from Elon Musk and the community may be expecting a price action.
Dogecoin`s current price is $0.00177 with a 24-hour trading volume of $140,664,563. DOGE has a circulating supply of 120 Billion coins and is located on market cap rank #31.
The Dogecoins can also be earned through “mining”. This is a special way of using the computing power of your computer to help the crypto network of a cryptocurrency.
Where Can I Buy DOGE?
DOGE is a well known and well-established cryptocurrency on the market. You can trade DOGE on different exchanges like ChangeNOW and ProBit. The most active exchange where you can currently trade DOGE is Binance.
If you just like to receive some smaller amounts of DOGE for free you can claim every five minutes from the Dogecoin Faucet.
My Conclusion About DOGE
This coin is just funny. If you are not interested in making real money by investing in a cryptocurrency, you have come to the right place. The social and fun character is definitely in the foreground here.
Since the coin is just meant to be fun, you should understand it as such. If you are looking for a coin that is being worked on massively, you will probably find something more suitable in other currencies.
Either way, the coin stands out from the rest, and not even in a negative sense. If sometimes you miss the fun in the crypto world, you should always take a look at this strange digital currency.
I hope I could provide you with some interesting and useful information about this crazy coin.
Thank you guys for reading, liking, following, and tipping 👍
You may also like: "How To Earn Interest On Your Basic Attention Token And DAI Payouts 💰"