Dogecoin
DogecoinRank: # 9
Market Cap: $ 28,972,817,387
Volume (24hrs): $ 2,780,650,314
Circulating Supply: 151,559,026,384 DOGE
Price in BTC: Ƀ 0.00000173
Change (1 Hr): 1.81%
Change (7 Days): -0.55%
Change (30 Days): -17.81%
All Time High: $ 0.731578
All Time High Date: May 8, 2021
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| Date | Open | Close | High | Low | Volume |
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| # | Source | Pair | Volume | Price | Change | Updated |
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- How Evernorth plans to turn XRP into a $1B corporate treasury assetCointelegraph.com News - 17 minutes agoEvernorth plans to go public via a SPAC and deploy over $1 billion to buy and manage XRP, creating one of the largest public XRP…
- Bitcoin ETFs post $470M outflows as Fed cuts rates, Trump talks tradeCointelegraph.com News - 22 minutes agoSpot Bitcoin ETFs recorded their largest day of outflows in two weeks as the Federal Reserve cut rates, leading to a choppy day for US…
- Frax, IQ launch Korean won-pegged KRWQ on Base amid stablecoin pushCointelegraph.com News - 35 minutes agoCrypto protocols Frax and IQ have partnered to launch KRWQ, a Korean won stablecoin designed to be fully regulatory-compliant amid the country’s stablecoin push. Crypto…
- Institutional backers plot $500M Canton token treasury: ReportCointelegraph.com News - 47 minutes agoDRW Holdings and Liberty City Ventures are reportedly exploring the creation of a Canton Network token treasury, signaling significant institutional backing for the blockchain. Trading…
- Solana ETFs finally launched: So why isn’t SOL trading far above $200?Cointelegraph.com News - 1 hour agoSOL investors bet on an ETF approval and set price targets from $300 to $1,000. The ETFs are live now, but Solana price still trades…
What is Dogecoin?
Dogecoin is a fun meme coin that was launched on December 6, 2013. The coin is a decentralized peer-to-peer currency that tried mimicking the popular Bitcoin, but in an an effort to surpass Bitcoin's popularity. Doge features a cartoon Japanese character Shiba Inu, that acts as the coin's mascot. The intention of this mascot is to show the fun part that this coin was intended to be.
Dogecoin's developer Billy Markus based this coin's code on Lucky coin, that is based on another coin called tecoin. Litecoin uses the scrypt technology in its proof-of-work consensus mechanism preventing dedicated Bitcoin miners from mining. It is for this reason that Dogecoin was at least originally effectively mined with ordinary PCs instead of the dedicated miners.
While it was introduced as a fun coin, Dogecoin's community has since grown by a lot. It is now mainly used to tip social media users who contribute great and interesting content on various platforms. Instead of simply liking their content, the contributors get rewards in form of Dogecoins. It is also frequently used for raising funds for charity events, eg. in the case of the construction of a well in the Tana river delta in Kenya.
Apart from Billy Markus, who came up with the original idea, another key individual in the coin's development is Jackson Palmer of Adobe Systems. It is Palmer who took over this project and propelled it to its current status.
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