Dogecoin is a decentralized, peer-to-peer digital currency that enables you to send money online easily.
What is Dogecoin (DOGE)?
Dogecoin is a fully decentralized, peer to peer, open source cryptocurrency like Bitcoin or Litecoin which can be used to transact within the network or converted to other currencies at leading cryptocurrency exchanges. Dogecoin is a fun, new and rapidly growing form of digital currency. This form of digital currency is called ‘cryptocurrency.’
Dogecoin (DOGE): History
Dogecoin was founded by Billy Markus and Jackson Palmer. It was introduced on 8th December 2013 and by June 2017. It was inspired by the then-popular Shiba Inu “Doge” internet meme. Dogecoin’s market capitalization is $340 million. It has a fast coin production rate and 100 billion coins raised already.
During December 2013, Dogecoin experienced a big hacking attack where millions of Dogecoin were stolen. Then the users of the Dogecoin network compensated for this loss and paid out to those who lost the coins.
How Does Dogecoin (DOGE) Work?
Dogecoin works like bitcoin or Ethereum, and it works on the simple principles of cryptocurrencies. To complete a transaction, the users of the Dogecoin network need to start a send command which must contain the receiver’s address along with the amount to be transferred. This data is carried through a blockchain to the Miners who are public ledger keepers. Then the miner might approve the transaction; then the amount will be deducted from the sender and credited to the receiver’s account.
How to Buy Dogecoin (DOGE)?
First of all, you have to create a Dogecoin wallet to store your coins. Then buy Bitcoin by using Coinbase as we are unable to buy Dogecoin directly. Then exchange Bitcoin for Dogecoin.
Dogecoin (DOGE) Price Prediction 2018
DOGE can be a profitable investment option. Dogecoin price equal to 0.007096 USD at 2018-02-21. If you buy Dogecoin for 100 dollars today, you will get a total of 14092.3 DOGE. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-02-17 is 0.0149 US Dollars. With a 5-year investment, the revenue is expected to be around +110.52%. Your current $100 investment may be up to $210.52 in 2022. Dogecoin (DOGE) price today is $0.006948 and have the current supply of 113,294,064,356 DOGE. The market cap value is $787,138,836, and the volume is marked as $97,334,400. Dogecoin price prediction, Dogecoin price forecast, Dogecoin price and news, DOGE price forecast, DOGE price prediction 2018, What is the price of Dogecoin 2018.