What is Dogecoin (DOGE)?
Dogecoin (sym. DOGE) is an open source peer-to-peer digital currency which is almost similar to Bitcoin or Litecoin. It is used to transact within the network to other currencies at leading cryptocurrency exchanges. The Dogecoin has begun as a way to fun at the growing hype surrounding cryptocurrency.
Dogecoin (DOGE): History
Dogecoin was started by Billy Markus and Jackson Palmer. Dogecoin was created on 8th December 2013. Initially, the Dogecoin network was intended to produce 100 billion Dogecoins.But later it has announced that they are will produce infinite Dogecoins.On December 19, 2013, Dogecoin jumped nearly 300 percent in 72hrs.On December 25, 2013, Dogecoin had a big hacking attack, and millions of Dogecoins were stolen. To help those who lost funds on Dogewallet he Dogecoin community started an initiative named “SaveDogemas” to help those who lost the coins, they compensated for this loss and paid out the loss. And now in January 2018, Dogecoin reached $2 billion market cap.
How Does Dogecoin (DOGE) Work?
The Dogecoin works on the simple principles of cryptocurrencies. The Dogecoin network users need to initiate a send command to complete a transaction. The command will include the receiver’s address and also the amount of Dogecoin to be transferred. This data will be carried through a blockchain to the Miners who are public ledger keepers. When the miner approves (or disapproves) the transaction the ledger is updated, and the amount will be deducted from the sender and credited to the receiver’s account.
How to Buy Dogecoin (DOGE)?
There is no direct way to buy Dogecoin (DOGE) with a credit card, debit card, or bank account on any US Exchange. The cheapest and most efficient way to obtain Dogecoin (DOGE) is to first purchase Litecoin or Bitcoin through Coinbase. After buying the Litecoin/Bitcoin you can use an exchange such as Bittrex or Poloniex to convert your ETH/Bitcoin to Dogecoin (DOGE) in about 5-10 minutes, it depends upon the market.
Dogecoin (DOGE) Price Prediction 2018
DOGE can be a profitable investment option. Dogecoin price equal to 0.00782 USD at 2018-02-15. If you buy Dogecoin for 100 dollars today, you will get a total of 12783.5 DOGE. Based on our forecasts, a long-term increase is expected, the price prognosis for 2023-02-10 is 0.0127 US Dollars. Dogecoin (DOGE) price today is $0.007844 and have the current supply of 113,210,606,017 DOGE. The market cap value is $888,054,560, and the volume is marked as $39,342,900. Dogecoin price prediction, Dogecoin price forecast, Dogecoin price and news, DOGE price forecast, DOGE price prediction 2018, What is the price of Dogecoin 2018