Dogecoin is perhaps the most colorful of all tokens to date. It was released in late 2013, and the difference is not technical (it's Litecoin's fork), but a set of community values: talk, be generous, and not take passwords so seriously. In fact, it's named after Doge, an interesting internet model that features grammar-challenged dogs. The community has had some interesting and successful marketing campaigns, such as sponsoring NASCAR drivers and putting the Dogecoin logo all in the car.
Remark from Reddit. (Photo: Reddit)
TikTok Video Spik Dogecoin Price in 2 days 1900%
Soon after, he received a number of responses encouraging him to continue with the idea. A week later he bought the domain name of Dogecoin, which was included on Reddit, Doge's home base.
So, for now, investing in dog coins may not be a bad idea. Before investing in Dogecoin, you need to know something and how to get it by mining.
There are certainly more reasons why Dogecoin is so popular. Technically, Dogecoin is actually a faction with Litecoin, which is based on the Scrypt algorithm and, like Litecoin, is easier to trade than Bitcoin, and they have more numbers, with Dogecoin digging up to 100 billion, compared with 21 million bitcoins. Palmer also noted that Dogecoin is not like Bitcoin, where people don't get involved just for the sake of speculation, which is a way of sharing and thanking.
Btctrade's announcement on the Dogecoin deal.
OKEx CEO says DogeCoin is not 'joking' despite Meme cryptocurrencies
According to beincrypto, although DOGE is memetic, its security can be circled. DOGE ranks third in resistance to 51 percent of attacks, behind BTC and ETH, according to an analysis by analyst Kevin Rooke last September.
Dogecoin Core 1.8 is currently available, the latest update to the Dogecoin protocol.