Dogecoin (commonly known as DOGE coin, denoted by D), is a decentralized digital currency, based on the Litecoin source code. In fact, Dogecoin is still very rarely used for buying and selling transactions, but mainly used to give online to those who share useful news and interesting stories online.
1. History of DOGE copper
Dogecoin’s base block was dug up on December 6, 2013. It was originally a joke created by Jackson Palmer and Billy Markus based on the LuckyCoin source code. The symbol of this coin was an extremely famous invention of the time, called doge. Even the rewards of this coin are not normal at all. In 2013, anyone who looked at this coin had to say
However, over time, things started to change
Regardless, over a period of 5 years, Dogecoin has built itself a community of users. Gradually, this coin becomes a “tipping” tool among Internet users together.
Dogecoin has no limit on the number of coins that can be issued. At press time, that number had risen to over 112 billion units.
At its peak, Doge prices touched $ 0.0178 / 1 DOGE, with a market cap of over $ 2 billion.
2. Development orientation of DOGE
Dogecoin’s competitors are all of the top cryptocurrencies like Bitcoin, Ethereum and Ripple. However, it’s important to note that this coin was never created to be the most valuable coin. Because Dogecoin developers’ goal is to want its price to be kept low so that it can easily be used for small sum bonus purposes.
Dogecoin’s biggest challenge right now is that they haven’t released an update in more than 2 years. However, it is worth noting that even without any updates, the Doge price today continues on its momentum. This may seem like a good thing, but to Dogecoin creator Jackson Palmer, it was disappointing having not released an update for more than 2 years. However, most of the Dogecoin community is very optimistic about the coin’s position in the future.
3. Should we invest in Dogecoin?
Perhaps it is the “lack of seriousness” nature of Dogecoin that has brought its success. This coin used to compete directly with the “big” digital money, and even now, it is still in the top 50. Dogecoin’s towering token price once attracted the attention of many people, but it is. Community is what keeps people on. This is also what makes this coin different.
Smart people will know how to use their community to make things that are impressive, things that will make them remember. And the Dogecoin community quickly became known for its charitable actions.
They did all of this while trying to maintain an active and friendly online presence today. Community members give money to each other for no special reason and are extremely friendly with both new and old ghosts.
After so much volatility in the crypto market, the community is still here, and there is no sign they will stop. Projects are still ongoing, most notably Dogecoin Socks, which is aimed at the homeless. This project implements a campaign to donate socks to the homeless to raise society’s awareness of this issue.
Dogecoin may not have any interesting features or lofty goals to transform blockchain, but it owns one of the world’s largest crypto communities with a friendly, open, and relaxed atmosphere, keep your values. This is what sets Dogecoin apart from all other cryptocurrencies.
Where to buy and sell Doge?
There are many ways to buy Doge in Vietnam Dong such as: Buying BTC at reputable bitcoin exchanges and then going to international exchanges to buy Doge with Bitcoin.
Currently, Dogecoin is being listed on exchanges such as HitBTC, Gate.io, Poloniex, Bittrex … and this list will surely last in the future.
However, the downside of it is that it costs a lot of fees and is time consuming.
You can refer to the instructions on how to open accounts on Remitano and Binance, how to deposit money into Remitano’s wallet and how to buy BTC and transfer BTC to an account on Binance in the article below:
After opening both Remitano and Binance accounts, you will directly deposit VND into your wallet on Remitano, and then use that amount to buy Bitcoin or ETH or USDT (with instructions in the above article). Then you transfer BTC to the account on Binance used to trade Dogecoin.
Hopefully, with the article answering the question what Dogecoin is, we have given you the best overview of this cryptocurrency project.