Dogecoin

#20
Price: $0.0044434816
Change(24h):
-3.06%
Volume(24h): $9,083,902
Market Cap: $518,351,486
Dogecoin is a Scrypt-based peer-to-peer cryptocurrency. It was launched from Sweden at the end of 2013 as a joke by Billy Marcus. Named after an internet meme, the Dogecoin crypto quickly grew its popularity among internet users as it became a tipping tool service for recognizing the creative work of authors and animators. Dogecoin is a minable digital coin. There is an infinite total supply of DOGE coins with around 115 billion tokens currently circulating. Throughout the years Dogecoin's community provided funding to various different projects around the world like sponsoring the Jamaican bobsleigh team for the Winter Olympics in 2014.

Crypto Coin Index:

Minable: Yes

Coin Prefix: DOGE

Type: Coin

Websites:

Latest Hight: $0.01

Dogecoin Markets

# Source: Pair: Price:
1
HitBTC
DOGE/USDT
$0.0044190605879235
2
Poloniex
DOGE/BTC
$0.0044657930154933
3
Bittrex
DOGE/BTC
$0.0044010713775876
4
HitBTC
DOGE/BTC
$0.00442696003274988
5
Cryptopia
DOGE/BTC
$0.0044657930154933
6
Exmo
DOGE/BTC
$0.0044010713775876

Dogecoin - the most expensive joke in the cryptoworld?

 
  • Launched: December 2013
  • Total supply: ∞ (113 billion in circulation)
 
Dogecoin-main-image

Dogecoin and the cryptosocial project fulfilment

Dogecoin is a digital currency created as a joke by Billy Markus at the end of 2013. (Pretty old!) According to the creator, “a fun cryptocurrency could reach a broader demographic than bitcoin.” And indeed, Dogecoin quickly grew a fan base into a devoted community and two months later (January 2014) the crypto had over USD 60 million market cap. Due to the unexpected success of the coin, the Dogecoin foundation decided to raise funds for charities. On January 19, 2014, the community voted to gather USD 50 000 for the Jamaican Bobsled Team, which had qualified, but could not afford to go to the Sochi Winter Olympics. By the second day, the Dogecoin was donated. The community also crowdfunded a few other projects, most notably it helped build a well in Kenya and sponsored a NASCAR team. (Really impressive!)

 

Who let the Dogecoins out

Dogecoin was officially launched on December 6, 2013, but it started trading on 15 December the same year. Three days later, Dogecoin's price was nearly 300% up, rising from USD 0.00026 to USD 0.00095. A few days later, the currency experienced its first significant crash, dropping 80% due to the very little computing power required to mine the coin at the time. The Dogecoin network was originally intended to produce 100 billion Dogecoins, but later it was announced that it would produce infinite Dogecoins. The all-time high of the coin came quite recently, on January 7, 2018 at USD 0.018, up 7000% from its initial price. Since then Dogecoin is trading around USD 0.005 which is still a 2000% increase and more than half a billion of market capitalization.

 

Dogecoin – the practical joke

Dogecoin is based on an existing cryptocurrency, Luckycoin (which is fork of Litecoin), that features a randomized reward that is received for mining a block. (This behaviour was changed to a static block reward in March 2014) The purpose of the coin is to make a simple and basic transaction from one peer to another. What started as a joke, currently is a massively recognized online digital asset. The cryptocurrency has even installed some Dogecoin supported ATM’s in North America.

 

Dogecoin’s future

As most cryptocurrencies continue to look for their real-world application and usage, Dogecoin is far ahead. The currency already established itself on the internet as a tipping currency. (Instead of like or vote, users tip Dogecoins to creators.) However, it shouldn’t be forgotten that the coin was started as a joke.