"Dogecoin is probably my favorite cryptocurrencies, which is cool," Musk tweeted Tuesday.

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Elon Musk Calls Dogecoin 'My Fav Cryptocurrency'

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Litecoin, Dogecoin Hashrate.

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According to the official website announcement, coin security will be launched on July 5, 2019 at 20:00 Dogecoin (DOGE), and open DOGE/BNB, DOGE/BTC, DOGE/USDT, DOGE/PAX, DOGE/USDC trading market. The DOGE recharge channel is now open.

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How much is left now? Assuming his coins don't run (which is impossible, of course), 100,000 ETHs are worth about $100 million and 1,000 BTCs are worth about $26 million.

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Dog Coin (DOGE) icon Dogecoin was born out of a tweet, a joke. In 2013, dog dog image was so popular that Palmer, a flat-shooting and marketing expert at Adobe Sydney and a cryptocurrencies researcher, tweeted semi-jokingly, "Invest in Dogecoin, this is the next big opportunity." After the tweet, there was a lot of support, and Palmer was very effective in buying the domain name dogecoin a week later. Meanwhile, in another part of the globe, Markus, a programmer in Brandt, has been trying to create a cryptocurrencies. Markus came across the site and contacted Palmer for help. Before Palmer replied, he set out to transform the source code of Bitcoin, adding elements to Doge Mene. Palmer quickly replied to Markus, and the two clapped together. Eventually, dogecoin was born more than a week after the half-joking tweet. Dogecoin was born and developed so smoothly that it can even be described as hot. For Dogecoin itself, there are two main reasons for the boom: First, Dogecoin brings its own social attributes. On social networking sites such as Reddit, Dogecoin's content was very popular before it was born. When Dogecoin was born, it was greatly assisted by sites like Reddit. Dogecoin has far more attention on social networking sites than Bitcoin, Litecoin and other shanzhai coins. Second, Dogecoin's tip and charitable culture are recognized. Dogecoin advocates a tip culture, which has been used by many people for activities such as rewards in just one week, showing the level of recognition of its tip culture. Dogecoin is also more recognized in terms of philanthropy, and its charitable support is already extensive.

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In this day and age, it is important for Bitcoin hardware wallet manufacturers to listen to user feedback and implement additional features. Take KeepKey, for example, where the most user feedback is that it supports a variety of electronic currencies. At the time of its launch, it supported virtual currencies such as Bitcoin, Testnet, Litecoin, Dash, Dogecoin and Namecoin.

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The founders say Dogecoin is not like Bitcoin, where people don't get involved for speculation, but to express feelings of sharing and concern. This also created that at the beginning of the dogecoin spread by people to share.

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Whether the development of node incentive is good or not is in many cases related to the distribution mechanism of node incentive reward. XYTgas has two mechanisms for the issuance of new coins and the destruction mechanism for the burning of cash. That is, the total amount of XYTgas issued is dynamic change, when the issue of new currency is greater than the burning of cash, the total amount of issuance is changing. Conversely, when the burning of the current currency is greater than the issuance of the new currency, the total amount of issuance is decreasing.

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During the price drops in March, July and September, Dogecoin fell with the market. However, the price decline of DOGE is not as bad as Bitcoin, and the downward trend shows that Dogecoin is recovering faster than Bitcoin

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