WHAT IS DOGECOIN?
Dogecoin is a cryptocurrency and was first launched again in 2013.
Dogecoin has the picture of a Shiba Inu canine as its brand.
The picture turned a well-liked web meme referred to as doge, and it options the canine surrounded by textual content within the comedian sans font with phrases like “a lot wow”.
Software program engineers Jackson Palmer and Billy Markus initially created Dogecoin as a joke based mostly on this meme.
It has been marketed because the “enjoyable” model of bitcoin however has gained in worth and attracted extra critical curiosity since then.
Two weeks after it first launched, the worth of it jumped 300% after China banned banks from investing in cryptocurrencies, in keeping with Investopedia.
Dogecoin then skyrocketed alongside different cryptos in the course of the bubble that peaked in 2017, and it fell with the remainder of them over 2018.
On Might 4 this yr, Dogecoin reached its highest worth but of $0.4854, in keeping with crypto information agency CoinMarketCap.