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What is Dogecoin? Know The Complete History of Doge Coin [2022]

What is Dogecoin? Things to Know Before Investing

What is Dogecoin? Things to Know Before Investing

Dogecoin: The doge coin made in jest is in great discussion among the people today. Even investing on Dogecoin by the world's famous billionaires and promoting it increases the curiosity of the people.

 A similar situation happened when Bitcoin came in the market, in today's situation the price of one bitcoin is 42,79,723.52 Indian rupees.

Through this article we will look at the creation of Dogecoin, it's history and the current status of Dogecoin…

    What is Dogecoin?

    Dogecoin is a Cryptocurrency. Which is in the form of digital currency. Which cannot be seen and touched, but it can be used online for the purchase of goods and as an exchange.

    What is the history of Dogecoin?

    Dogecoin was started on the basis of meme, it was made only for jokes. Even before bitcoin had come in the market, various types of coins were being created by scammers with the aim of duping people. 

    Meanwhile, a dog meme ran and Billy Markus and Jackson Palmer, a software engineer, created Dogecoin in 2013 as a joke.

    How did Dogecoin become popular?

    Dogecoin started its journey with Reddit, which describes itself as the fund page of the Internet. Initially, Dogecoin was given as tips for posts and comments on Reddit, when people liked someone's post, they used to give some Dogecoin as Tips. 

    In the beginning, the price of Dogecoin was 0.0002 Cent, but as soon as it was used, it started increasing and it became the most used as an exchange.

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    Dogecoin and Elon Musk

    Tesla CEO Elon Musk came to know about Dogecoin through Jackson Palmer in 2018 when he met Jackson Palmer in connection with the scam on Twitter. 7 months after this meeting, Elon Musk told through a tweet that Dogecoin is his favorite coin. 

    After this, the series of his tweets about Dogecoin went on and he started praising it continuously like – Dogecoin Is The Best Coin.

    Because Elon Musk is one of the most popular person. Every one of his tweets increased the value of Dogecoin and by the year 2020-2021 it became more than $0.50, however in today's situation its value has fallen down.

    Use of Dogecon

    It is known that the institute of Dogecoin has made many donations for the good. Donation of dogcoin has been done for sports, water problem, etc. Here the organization of Dogecoin is said to those who use Dogecoin on the reddit website and also donate it for some good cause.

    Benefits of using Dogecoin

    • Less energy consuming than other coins.
    • It is secure in the case of other coins.
    • Dogecoin transaction charges are low.

    Disadvantages of Dogecoin

    • Dogecoin cannot be withdrawn once a transaction has been made.
    • Once a Dogecoin Violet ID is lost it cannot be recovered.

    How to buy Dogecoin.

    Today's era is the age of online, you can buy dogecoin by creating online violet. Just like buying other crypto currency

    Dogecoin purchase facility is available on these mediums here create your digital wallet and do KYC then you are ready to buy Dogecoin.

    • BuyUcoin
    • Bitbns
    • Zebpay

    What is the future of Dogecoin?

    With the increasing investment on Dogecoin, it can be estimated that at present it will prove to be a good investment, but it can also come down as fast as it is going up, so it would be right to invest in this subject with complete information.

    Who owns Dogecoin?

    Dogecoin is created by Billy Markus and Jackson Palme who is a software developer. He created it using two popular memes of that time, DOGE and Bitcoin.

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