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Dogecoin: what is it and does it have any value?

 Dogecoin is one among some of cryptocurrencies that have hit the headlines in latest months, gaining plenty of interest due to each its fee rises and its distinctiveness as a ‘meme cryptocurrency’ with a cult following. It has a marketplace capitalisation of round $44 billion, making it the 6th largest cryptocurrency and the 475th biggest asset within the global (as of 10 June 2021). The price of Dogecoin has appreciated dramatically considering May 2020 (see Figure 1), but it remains a enormously cheap coin with a totally big supply. But what exactly is it – and does it have any fee? What is Dogecoin? Dogecoin is a cryptocurrency that started out as a funny story, taking its call and brand from a meme of a Shiba Inu dog that have become famous on line in 2013. It turned into based by Jackson Palmer – a software engineer running for Adobe – despite the fact that he has when you consider that walked far from the undertaking. Palmer had two tabs open side-with the aid of-facet on h...
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An Introduction to Dogecoin, The Meme Cryptocurrency

Dogecoin is a cryptocurrency, like Bitcoin or Ethereum—although it’s a very one-of-a-kind animal than either of these famous coins. Dogecoin became firstly created at the least in part as a lighthearted funny story for crypto fanatics, and took its call from a once-famous meme. What Is Dogecoin? Software engineers Billy Marcus and Jackson Palmer created Dogecoin in past due 2013. Palmer branded the cryptocurrency’s emblem using a meme popular at the time that featured the deliberately misspelled word “doge” to describe a Shiba Inu dog. “Doge became definitely started out to poke amusing at Bitcoin ,” stated Pat White, CEO of Bitwave. In its early days, a network of fans organized publicity stunts to raise Dogecoin’s profile, accumulating finances to ship the Jamaican Bobsleigh team to the 2014 Olympics, for example, or sponsoring a NASCAR driver. In early 2021, Dogecoin received cult fame on Reddit’s WallStreetBets message board—the prime instigator in the back of the GameStop affair i...
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