DOGE crypto (Dogecoin) is considered to be one of the oldest digital currencies on the market. Initially, the crypto just started as a joke, as its appearance features the popular meme dog Shibu Inu. However, it attracted a lot of consumers, which even resulted in its loyal community.
(Photo: Photo by Beata Zawrzel / NurPhoto via Getty Images)
The Dogecoin logo is displayed on a cellphone screen that was photographed as an illustration photo. Gliwice, Poland on May 6th 2021. Dogecoin, the meme cryptocurrency in the style of an internet famous Shiba Inu that was launched as a joke in 2013, is now worth more than the Ford engine company BP or Tesco.
Dogecoin was developed by Billy Markus, a talented programmer from Portland, Oregon. He developed the popular digital currency back in December 2013.
After it became popular on the internet, its developer’s original plan was to limit DOGE crypto to 100 billion coins. However, as the demand continues to grow, Dogecoins are now unlimited.
On the flip side, some critics claimed that one of the biggest advantages Dogecoin has over other digital currencies is that it is passionate about the community, which can be seen in the charities it founded to help people.
Aside from that, it was also promoted by one of the industry’s most popular tech CEOs, Elon Musk.
DOGE’s advanced crypto guide
According to the latest report from 99Bitcoins, Elon Musk’s favorite DOGE crypto is easy to buy. All you have to do is follow these simple steps:
(Photo: Photo Illustration by Pavlo Gonchar / SOPA Images / LightRocket via Getty Images)
In this photo illustration, a Dogecoin cryptocurrency logo can be seen on a smartphone screen with a Coinbase logo in the background.
Also Read: Elon Musk “Cheers” Dogecoin Founder’s Declaration: People who take “satirical memes” seriously ruin its charm
- First you need a digital wallet from Dogecoin. This can be either Exodus or Ledger.
- After that, you need to find your own Dogecoin address.
- Once you find it, you’ll need to create a Dogecoin exchange account. This can be either Bitpanda or Binance, which are also used by other digital currencies.
- After that, you can now easily buy and withdraw DOGE.
Aside from the above details, experts also confirmed that people can mine DOGE crypto as it has a blockchain that is managed by a mining system. But it is still very different from BTC and other cryptocurrencies.
Dogecoin uses what is called Scrypt, which is different from SHA-256, which is used in Bitcoin. Scrypt is specially designed to be ASIC-resistant. However, ASIC manufacturers could find theirs in the digital currency mining system. For this reason, interested miners will only find DOGE mining profitable if they do it with other ASIC miners.
DOGE continues to grow
Analytics Insight reported that DOGE crypto is growing. Experts confirmed that the popular crypto was able to improve its value by 4.98% on June 28th.
In the first weeks of June, the price of Dogecoin rose by 20%. This has improved the value from 31 cents to 40 cents. The biggest increase in value occurred when Elon Musk promoted Dogecoin on his official Twitter account.
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Related article: Dogecoin is up 7% as Elon Musk tweets new interest and other cryptocurrencies plummet
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Written by: Griffin Davis
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