Dogecoin (DOGE) The Cryptocurrency Status !

Yugocean

Moderator
Staff member
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Dogecoin is an old and popular decentralized, open source, P2P cryptocurrency that was developed by Shibetoshi Nakamoto (Billy Markus) and Jackson Palmer on 6th Dec 2013.

Dogecoin is based on proof-of-work (POW) algorithm, and uses scrypt mining technology which is different from Bitcoins' SHA-256, devices like FPGA and ASIC are used for DOGE mining. The Symbol of Dogecoin (DOGE) is Ð.

There are currently more than 127 billion dogecoins circulating in the coin market, however, there is no maximum supply limit for this cryptocurrency as it is forever minted 10000 DOGE every block, block time of Doge is 1 minute.

Billionaire tycoon Elon Musk is known to a Dogecoin fan, he even used the self-made title of “CEO of Dogecoin” for himself. Billy Markus originally started Dogecoin as a joke on decentralized digital assets, but Musk's support made dogecoin to become a popular cryptocurrency. However, the price of dogecoin remained low due to unlimited supply.
 

bashcomp

New member
View attachment 43473
Dogecoin is an old and popular decentralized, open source, P2P cryptocurrency that was developed by Shibetoshi Nakamoto (Billy Markus) and Jackson Palmer on 6th Dec 2013.

Dogecoin is based on proof-of-work (POW) algorithm, and uses scrypt mining technology which is different from Bitcoins' SHA-256, devices like FPGA and ASIC are used for DOGE mining. The Symbol of Dogecoin (DOGE) is Ð.

There are currently more than 127 billion dogecoins circulating in the coin market, however, there is no maximum supply limit for this cryptocurrency as it is forever minted 10000 DOGE every block, block time of Doge is 1 minute.

Billionaire tycoon Elon Musk is known to a Dogecoin fan, he even used the self-made title of “CEO of Dogecoin” for himself. Billy Markus originally started Dogecoin as a joke on decentralized digital assets, but Musk's support made dogecoin to become a popular cryptocurrency. However, the price of dogecoin remained low due to unlimited supply.
I believe DOGE COIN is still in its initial period and is mostly used by HYIPs for payouts and investments,but like other cryptocurrencies,it surely has a great future ahead.
 

Josemendez

Active member
Dogecoin is one of the oldest coin in cryptocurrency world , however it is quite unfortunate that the coin has not rise. quite well except now that seems to be a bullish run of altcoins of which it is not left out from it.

The good time for dogecoin was when Elon Musk promoted the coin , it caused many people to buy this coin, which caused it's price to rise to a high extent , unfortunately it decline afterwards and many people lost their money .

Since then people have been seeing dogecoin as a coin that does not worth their investment in it .
 

Yugocean

Moderator
Staff member
I believe DOGE COIN is still in its initial period and is mostly used by HYIPs for payouts and investments,but like other cryptocurrencies,it surely has a great future ahead.
Dogecoin is one of the oldest coin in cryptocurrency world , however it is quite unfortunate that the coin has not rise. quite well except now that seems to be a bullish run of altcoins of which it is not left out from it.

The good time for dogecoin was when Elon Musk promoted the coin , it caused many people to buy this coin, which caused it's price to rise to a high extent , unfortunately it decline afterwards and many people lost their money .

Since then people have been seeing dogecoin as a coin that does not worth their investment in it .
Actually dogecoin is unlimited, so it's value is not going to rise much with more supply keep coming, it is only to used as tip. Many dogecoins are lost in the blockchain, but nobody cares because they are low priced and also mined as the mine go on. However there is still popularity because many crypto based sites use dogecoin for tipping purpose and also dogecoin fans have several times used this crypto for charity purpose, this has kept the doge price from falling to low.
 

bashcomp

New member
I believe DOGE COIN is also somewhat like RIPPLE(XRP) cryptocurrency,as the producers of it can release how much they want in the market and then let its price increase.
 

Yugocean

Moderator
Staff member
I believe DOGE COIN is also somewhat like RIPPLE(XRP) cryptocurrency,as the producers of it can release how much they want in the market and then let its price increase.
Thanks for your reply, Dogecoin is mineable, and people are able to mine it, however most of people do not find it's mining profitable, so such idea are dropping, creators cannot release a cryptocurrency unless they already have mined it much and stored for later use. Dogecoin price right now is above 1 cent, which is always it's high mark, otherwise mostly it remains in $0.002 or below mark. People trade dogecoin mostly with BTC or USDT, so it's market revolves around them.
 

sincerem

Active member
Thanks for the detailed history review of dogecoin. It is ome of the oldest Cryptocurrency still around and still going strong in the coin market. Created back then on the 6th, dec, 2013, about 7 years. That's a wonderful achievement made by dogecoin in this past years. They also have strong fan being Elon musk the world third richest billionaire. The only downtime with this dogecoin, is that the price doesn't go higher, every year it is peaked at the low all the time, maybe its because of the unlimited hashing and minting that is going through it.
 
I discovered Doge coin After completing a task on beer money Forum some months back. It was on pipeflare.io where I have been able to accumulate as much as 6 DOGE COINs. I do not really know much about them, but I believe it's going to appreciate in value with time, a very long time at that .
So far, I am finding it hard claiming more Doge coin on pipeflare, probably because I haven't started using brave browser which they are promoting.
With Elon musk promoting Doge coin, I feel other wealthy people would join to influence it , leading to an increase in its price.
 

Yugocean

Moderator
Staff member
I discovered Doge coin After completing a task on beer money Forum some months back. It was on pipeflare.io where I have been able to accumulate as much as 6 DOGE COINs. I do not really know much about them, but I believe it's going to appreciate in value with time, a very long time at that .
So far, I am finding it hard claiming more Doge coin on pipeflare, probably because I haven't started using brave browser which they are promoting.
With Elon musk promoting Doge coin, I feel other wealthy people would join to influence it , leading to an increase in its price.
Dogecoin is just a tip based coin, I too come to know about it in Beer Money Forum .I made thousands of dogecoin, but lost them in online betting. Generally DOGE's value depends on Bitcoin more than it's own, or more like movement of coin market. Recently Dogecoin reached 1 cent when BTC crossed 35k, but now when market is dropping, Dogecoin is also dropping, many times some coins overcome on their own, but Doge remains on market road. Better strategy is to buy Doge when BTC is down and sell it when BTC is up.
 
Dogecoin is just a tip based coin, I too come to know about it in Beer Money Forum .I made thousands of dogecoin, but lost them in online betting. Generally DOGE's value depends on Bitcoin more than it's own, or more like movement of coin market. Recently Dogecoin reached 1 cent when BTC crossed 35k, but now when market is dropping, Dogecoin is also dropping, many times some coins overcome on their own, but Doge remains on market road. Better strategy is to buy Doge when BTC is downstairs and sell it when BTC is up.
That's bad then, I do not think I can ever involve in online betting though. I am always sceptical about anything related to them. I feel it is best to work hard before Earning any money online .
From pipeflare I have been able to accumulate up to 6 Doge coin, though I have not withdraw. Still looking for the best wallet I can store it and then continue holding pending when there would be a significant increase in its price.

About the price going same with Bitcoin, I think this does not only go for Doge coin but other coins like litecoin, Bitcoin cash. They tend to go high whenever Bitcoin also times in price.
I won't use my money to buy Doge coin though. I can only Earn online.
 

Yugocean

Moderator
Staff member
That's bad then, I do not think I can ever involve in online betting though. I am always sceptical about anything related to them. I feel it is best to work hard before Earning any money online .
From pipeflare I have been able to accumulate up to 6 Doge coin, though I have not withdraw. Still looking for the best wallet I can store it and then continue holding pending when there would be a significant increase in its price.

About the price going same with Bitcoin, I think this does not only go for Doge coin but other coins like litecoin, Bitcoin cash. They tend to go high whenever Bitcoin also times in price.
I won't use my money to buy Doge coin though. I can only Earn online.
Dogecoin is not bad, you can use it in trading for other cryptocurrency and fiat currency. When I withdrew my 1020 dogecoins from a wallet, it charged me 5 doges. Actually doge withdraw fees is not high, but if you withdraw small amount, then it might prove expensive to you. For coins like dogecoin, always withdraw at volume over 1k, this will avoid high fees. If you have no other option, then just keep withdrawing to you wallet till it grow enough to be tradeable.
 
Dogecoin is not bad, you can use it in trading for other cryptocurrency and fiat currency. When I withdrew my 1020 dogecoins from a wallet, it charged me 5 doges. Actually doge withdraw fees is not high, but if you withdraw small amount, then it might prove expensive to you. For coins like dogecoin, always withdraw at volume over 1k, this will avoid high fees. If you have no other option, then just keep withdrawing to you wallet till it grow enough to be tradeable.
Wow. I am just getting to know about this today. I thought my having up to 6 Doge was enough investment, so it is still too small. That means I would have to continue Accumulatimg more of it in the faucets sites I am joining. It seems there are a lot of smart contracts too on telegram, I have to join and get more to boost my chances of having enough Doge at my disposal.
I do not know about any wallet that allows one to trade Doge coin for other crypto currencies though, but that would be a very nice option, since there is no hope of selling for my local currency.

However, I still think the fees are too much. Imagine losing as high as 5 Doge in the name of fees, it does not really make sense. Let's hope for a change.
 

Ahmedo24

Member
Wow. I am just getting to know about this today. I thought my having up to 6 Doge was enough investment, so it is still too small. That means I would have to continue Accumulatimg more of it in the faucets sites I am joining. It seems there are a lot of smart contracts too on telegram, I have to join and get more to boost my chances of having enough Doge at my disposal.
I do not know about any wallet that allows one to trade Doge coin for other crypto currencies though, but that would be a very nice option, since there is no hope of selling for my local currency.

However, I still think the fees are too much. Imagine losing as high as 5 Doge in the name of fees, it does not really make sense. Let's hope for a change.
The value for doge currently is $0.008 so for you to have $1 doge now you will need 125 doge for so your 6 doge is still very far have an asset to hold or rely on as investment.

There are some wallet like trust wallet and coinomi that allows you to hold or store doge in them.
It is actually a good opportunity to invest in doge now if you have the opportunity or engaged on as many as possible faucets. Few days doge was $0.01 so the potential is high .
 
The value for doge currently is $0.008 so for you to have $1 doge now you will need 125 doge for so your 6 doge is still very far have an asset to hold or rely on as investment.

There are some wallet like trust wallet and coinomi that allows you to hold or store doge in them.
It is actually a good opportunity to invest in doge now if you have the opportunity or engaged on as many as possible faucets. Few days doge was $0.01 so the potential is high .
Thanks for taking your time to explain this, I believe that with time it is going to appreciate just as you said, so it is important for prospective crypto currency investors to shift their attention to Doge coin so as not to regret when it appreciates in the future.
I will continue to join as many faucets claiming sites as I could get to know of and also any of those smart contracts.
I actually thought my 6doge was some reasonable investment. I was shocked when a member here said he earned up to 1000 Doge, that was huge, Even though he lost all to online betting.

With Elon musk involving in and supporting the advancements of Doge coin, many more wealthy people could be tempted to invest in it too. That would be a very great development as it would lead to a hike in price, even though this would take a really long time.
 

Ahmedo24

Member
Currently there no smart contracts for doge coin because if is not integrated to digital finance (DeFi) system yet , the easiest way you can get doge coins is through faucets claims and I hope most don't reduced their faucets claim now that the value of most coins are higher.
Honestly if you can have like $30 now and invest in doge , set a target for just one year , if eventually or luckily doge become $0.1 or $1 then you are made already. It is a risk Worth taking in my opinion.
 

bashcomp

New member
Currently there no smart contracts for doge coin because if is not integrated to digital finance (DeFi) system yet , the easiest way you can get doge coins is through faucets claims and I hope most don't reduced their faucets claim now that the value of most coins are higher.
Honestly if you can have like $30 now and invest in doge , set a target for just one year , if eventually or luckily doge become $0.1 or $1 then you are made already. It is a risk Worth taking in my opinion.
I don't think DOGE COIN will ever reach $1 mark,as it's not similar to bitcoin and has different way to induce more coins in the market,which inturns,reduces it's value,I think it's more like Ripple Crypto Currency whose creators induce more tokens in the market according to their will.
Also you may be very lucky for a speedy rise in the coin if those behind doge project double their effort in gearing up the price of the coin in the next few months.
It will consume time and I agree especially with its large supply in the market. However, I do hope that the forces would be favourable enough to give it the continuous push it needs.
 

Ahmedo24

Member
I don't think DOGE COIN will ever reach $1 mark,as it's not similar to bitcoin and has different way to induce more coins in the market,which inturns,reduces it's value,I think it's more like Ripple Crypto Currency whose creators induce more tokens in the market according to their will.
Also you may be very lucky for a speedy rise in the coin if those behind doge project double their effort in gearing up the price of the coin in the next few months.
It will consume time and I agree especially with its large supply in the market. However, I do hope that the forces would be favourable enough to give it the continuous push it needs.
Provided it is Crypto currency, I am very sure that if the developers of Doge coins wants the coin to reach one dollar in a matter of time they can achieve that.

Planning and strategies will be the easiest way to make the coin limited , they can integrate smart contract in the coin blockchain so that many people will be engage in the use of the coin. The rate at which miners were using it then if the volume was limited by now it might have gone pass $1.
 

Yugocean

Moderator
Staff member
Right now dogecoin is below 1 cent (a value that is high for even at current time). It's value is nearly 0.00000025 BTC and 0.0000079 ETH (currunt status) These status keeps changing every second in market movement, but always remain much lower to these two cryptos. Traders are now heavily trading for profit, both spot and derivatives market are using Doge to stable and fiat currency conversion more than others, recently Binance exchanged had 7.81% Doge/USDT spot trade with more than 200 liquidity.
 
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