Dogecoin has become a famous joke coin with its logo on a fire dog, which - to everyone's surprise - has actually begun to accumulate values since its inception in December 2013. GoCoin, the international payment platform, announced plans to support dogecoin, however, with its relatively low price against the U.S. dollar ($1 dogecoin , $0.0008618 as of the time of writing), meaning it is easier to popularize and facilitate. The dogcoin community regularly launches fund-raising campaigns, such as raising $30,000 to help the Jamaican bobsleigh team reach the Sochi Winter Olympics. Recently, the Dogecoin Foundation has renewed a campaign to raise $50,000 for new wells in drought-hit areas of Kenya. Kevin Bollegaard, Vice President of Engineering GoCoin, said, "We love the spirit of the Dogecoin community and our merchants are ready to accept it to join Bitcoin and Litecoin. "
Original title: There is no hard cap on supply controversial, V God said EIP-1159 is expected to enable ETH deflation.
OKEx CEO says DogeCoin is not 'joking' despite Meme cryptocurrencies
As cryptocurrencies have changed with each passing day, Dogecoin has become popular, and over the years it has developed many unique features. There are three main reasons why Dogecoin is so popular around the world.
The surge is related to a challenge video from short video platform TikTok. A TikTok user named James Galante posted a short video titled "Let's All Get Rich" in which he recommended that everyone invest $25 in Dogecoin, which is currently worth less than a penny and investors will have $10640 when Dogecoin rises to $1.
Since the debut of the dog coin, the image of the dog coin has gradually changed from a cottage and a joke image, it has become a vibrant, loving image. The activeness of the reddit/r/dogecoin community has become a force to be reckoned with. In addition, Dog Coin presents itself as an alternative to other digital currencies (Bitcoin, Litecoin) with a very low entry threshold.
How TikTok Dogecoin Challenge became popular.
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Dogecoin, the internet's favourite Mim coin, continues to run counter to expectations that are often associated with jokes. Indeed, since the Black Thursday crash in March, DOGE appears to have shown a significantly better upward trend than most alternatives, a trend that continues to plague most market analysts. Interestingly, DOGE is already climbing without a Bitcoin boost compared to other alternatives, with DOGE recording nearly 10% of earnings in the past week.
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