What is Dogecoin?

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Dogecoin promotional image.

Dogecoin promotional image.

What is Dogecoin? It is a cryptocurrency invented by Billy Markus and Jackson Palmer. They wanted a payment system that is instant, fun, and free from regular banking fees. Dogecoin has the face of a Shiba Inu dog from the Doge meme and made it the logo. This cryptocurrency was introduced on December 6, 2013 and quickly became popular.

Dogecoin was originally made as a joke but it turned out to become serious and big. It grew nearly 300% in value in 72 hours. It rose from $0.00026 to $0.00095, with billions of dogecoin coming each day. The goal is for Dogecoin to get to $1. Elon Musk, Snoop Dogg, and Gene Simmons are encouraging people to get Dogecoin to $1. Currently, Dogecoin is at the price of $0.048707.