Sunday, February 14, 2021

The TRUTH About $1 Dogecoin

Dogecoin is a cryptocurrency invented by software engineers Billy Markus and Jackson Palmer. The payment system strives to be instant, fun, and free from traditional banking fees. Dogecoin features the face of the Shiba Inu dog from the "Doge" meme as its logo and namesake.

This so-called dog-like coin could be a profitable investment for some people. Perhaps this can one day be a viable currency. Dogecoin seems popular. It could one day reach $1. It could go back down to a few cents.

It seems that this whole thing started off as a joke in 2013. It was a joke based around the popular Doge Meme, featuring a Shiba Inu. Sometime after, was purchased. Later, a software was built and DogeCoin became a fully functional, working currency.

Dogecoin is now the 12th-largest important cryptocurrency with a market cap of $8 billion.

Initially, Dogecoin had a supply limit of 100 billion coins. There is currently no implemented hard cap on the total supply of Dogecoins.

(Bitcoin is right now the largest and oldest cryptocurrency.)

It looks like these are the top 10 Cryptocurrencies right now:

01. Ethereum (ETH)
02. Litecoin (LTC)
03. Cardano (ADA)
04. Polkadot (DOT)
05. Bitcoin Cash (BCH)
06. Stellar (XLM)
07. Chainlink
08. Binance Coin (BNB)
09. Tether (USDT)
10. Monero (XMR)

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