Dogecoin – Explained
The Meme currency
Dogecoin is a cryptocurrency that came to life from a simple meme popular back in the early 2010s. At first, it was taken as a joke by crypto traders and investors alike. However, nowadays, it is one of the virtual currencies on the market with the largest market cap, sitting comfortably in the top 10. Why is that? How did it come to be? Who let the dog out?
What are the good and bad of DOGE?
Before delving deeper into those questions, the first thing that comes to mind about Dogecoin is what is it actually?
We know it’s a cryptocurrency and an altcoin (an alternative coin to Bitcoin). It got popularized by Elon Musk and it is the only coin to promote itself as the “fun and friendly Internet currency”. As a cryptocurrency that prides itself as being a joke, it has made history in becoming the most accessible coin with the potential to grow big and is even on its way to funding a trip to the moon – no joke there.
