10/11/2023 0 Comments Binance usd theblock![]() DOGE price is updated and available in real time on Binance.ĭogecoin suffered a big blow on April 20, popularly known as “Dogeday” thanks to the failed test launch of SpaceX’s Starship rocket and downturn in the broader crypto market. Primarily designed to provide a light-hearted means of communicating the basic function of cryptocurrency to mainstream audiences, Dogecoin is based on the “Doge” Shiba Inu meme. Dogecoin, however, offers no specific use cases - DOGE was a collaborative effort by the crypto community and is now listed on most major exchange platforms.ĭogecoin was originally based on Litecoin and was launched in 2013. The launch of Bitcoin in 2009 catalyzed the creation and launch of many different cryptocurrencies, each offering different use cases and functionality. Dogecoin was envisioned as an entry for the less experienced to become involved in the crypto industry. This was because of limited resources as well as technological experience. It was expressed by the founders that the oversaturation and difficulty in mining Bitcoin from the time of its creation to the start of Dogecoin, made it difficult for the common person to participate in the mining process. Co-founders, Jackson Palmer and Billy Markus, two software engineers by professional background and experience, wanted to make cryptocurrency accessible to individuals outside of Bitcoin. There is also a serious basis and reason for the creation and development of Dogecoin. Over time, however, Dogecoin has grown into a large blockchain network and is one of the most popular altcoins available in the market. Dogecoin (DOGE) is a novelty cryptocurrency originally launched as a “memecoin” within the cryptocurrency community.
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