Charts price for Dogecoin (DOGE)

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Description of Dogecoin (DOGE)

Dogecoin Origin

Release Date: December 6, 2013.

Dogecoin, a world renown cryptocurrency bearing the image of a Shibu Inu dog as its logo with the fading letter D over it, was initially created as a joke digital asset by Billy Markus, and Jackson Palmer close to 5 years ago.

Initially intended as a “meme coin”, Dogecoin has amassed a sensational following and very massive online community of supporters. You could even say that it has a cult following. A following so strong that at the time of writing. Dogecoin is valued at over 300 million USD and sits snugly amongst the top 50 coins by market cap.

Dogecoin Functionality

The tech behind Doge, is just like Bitcoins. There are over 100 billion units of Dogecoin circulating. Which is also intended to be kind of a joke, and that quantity is much greater than Bitcoin (21 million coins to ever be produced).

Well, there certainly aren’t many benefits in terms of buying and holding Dogecoin. The cryptocurrency is susceptible to extreme price volatility. Though, under bullish market conditions. Doge can provide for some good gains considering how cheap each individual unit is.

It’s also worth mentioning that there exists what is known as The Dogecoin Foundation. Though it appears to be somewhat enactive. The foundation is an organization created for nonprofit endeavors, goodwill, charity, promotional activities.

“The Dogecoin Foundation, for the world and the moon”, claims to help individuals that are both on the moon and earth.