Dogecoin (DOGE) The Cryptocurrency Status !

Yugocean

Valued Contributor
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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.
 

Yugocean

Valued Contributor
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.
 

Yugocean

Valued Contributor
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.
 

Josemendez

Verified 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 .
 

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.
 
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