Elon Musk is one of the most famous Dogecoin admirers. Just so you know, Dogecoin is a cryptocurrency that is based on the blockchain network and follows the peer-to-peer system for completing transactions. The network was able to create a place for itself and its native cryptocurrency doge is one of the most influential cryptocurrencies in the crypto world. Dogecoin (DOGE) has a market capitalization of more than $ 1 billion.
The invention of Dogecoin traces a very interesting story as the cryptocurrency was created as part of a joke. It is based on the popular internet meme that emerged in December 2013 as a result of Litecoin’s tough fork. At first, many people rejected the Dogecoin idea, but later, Doge managed to strike a chord with crypto experts and investors.
News about Dogecoin covers a number of different developments, including the Dogecoin price, although the platform has also been featured in reports due to its efforts at various charity events to raise funds for the disadvantaged and poor sections of society. Especially during the 2014 Winter Olympics, Dogecoin (DOGE) was in the news for helping the Jamaican team by raising fifty thousand dollars. In addition, the blockchain platform contributed $ 30,000 to build a well in Kenya.