Dogecoin is a cryptocurrency that was created in December 2013 as a parody of Bitcoin. It features the Shiba Inu dog from the popular “Doge” meme as its logo. Initially developed by software engineers Billy Markus and Jackson Palmer as a joke, Dogecoin quickly gained popularity due to its lighthearted approach, community-driven initiatives, and accessibility for newcomers to cryptocurrency. Unlike Bitcoin, which has a capped supply, Dogecoin has an unlimited supply, making it inflationary. It is often used for tipping content creators online, charitable donations, and other microtransactions due to its low transaction fees and fast confirmation times. Over time, Dogecoin has developed a dedicated community and has been involved in various fundraising campaigns and sponsorships, reinforcing its presence in the cryptocurrency market.
Dogecoin experiences a 7% decline despite a new five-year partnership aimed at expanding its use. Broader macroeconomic factors, including global market tensions, contribute to widespread cryptocurrency downturns. Bitcoin and Ethereum…
Dogecoin whales have acquired 750 million DOGE during recent market declines, indicating strong interest from major investors. Technical indicators suggest a potential 80% price drop, with DOGE trading dangerously close…