Dogecoin (pronounced dohj-coin) is an open source peer-to-peer cryptocurrency based on the popular Doge meme. It was created by programmer Billy Markus from Portland, Oregon, USA, who intended for it to be used as a fun and decentralized means of exchange. Compared to other cryptocurrencies, Dogecoin has a fast initial coin production schedule that generates up to 1 billion coins per year which helps ensure its sustainability as a viable currency unit and reduces inflation risk.
Furthermore, Dogecoin has an extremely strong community behind it; this means that it has wide adoption and robust infrastructure. As such, this ensures that the coin will continue being useful for years to come. To find out more about Dogecoin or how you can get some for yourself, keep on reading to get information about doge price prediction in this article.
What is a Cryptocurrency
The short answer is that a cryptocurrency (or crypto currency) is a medium of exchange that uses cryptography to secure transactions. Cryptocurrencies are primarily used online today, but they can also be brute forced into other physical mediums of exchange as well. The one most people will have heard about by now is bitcoin, and it has been around since 2009. Since then, other cryptocurrencies have popped up such as dogecoin (2014), litecoin (2011), dash (2014), and ethereum (2015). To date, there are over 800 cryptocurrencies in existence with new ones appearing frequently; however, only 21 currently hold value due to their functionalities and collaborative efforts between multiple developers.
What are its benefits
There are many different cryptocurrency tokens and coins available on markets today, but none can be compared with dogecoin. Whether you’re a miner or just someone who wants to have fun with your money, investing in dogecoins will always give you value for your money. Here are some reasons why dogecoin has proven its worth as one of cryptocurrencies.
- It has huge community backing: One thing that makes dogecoin stand out from other crypto coins is that it has a large community supporting it, and not just any group of individuals but some influential people who have helped in increasing its recognition in communities globally.
- Has a real-life purpose: Dogecoins can be used to buy goods online or even donate to people having medical expenses abroad.
How To Invest in It
If you’re interested in purchasing cryptocurrencies, and you’re looking for something a little less mainstream than Bitcoin, then you might want to consider purchasing some Dogecoins. As one of the first major altcoins that hit the market in 2013, it has remained strong since its inception and is still a hot cryptocurrency today. It may not be as established as bitcoin yet, but it certainly has longevity on its side. If you are interested in investing in digital currency and finding best crypto to buy, then dogecoin could be right up your alley. With that said though, keep reading so we can find out everything there is to know about this exciting crypto currency.
Why Dogecoin Is A Good Investment Option?
It’s true that there are a lot of different crypto currencies that you can invest in right now. And, there are many more coming out every day. But, when it comes down to solid investments, why dogecoin is one of your best options. Here are some reasons why you should consider investing in doge coins today.
Moreover, there are a lot of people who use dogecoins as their main currency because they enjoy how easy it is to use and how fun it is as well. Many people see buying and selling with dogecoins as an investment opportunity because they know that they will be able to trade them for other things or sell them at any time if they need money. This means that not only will you have an easier time getting rid of your coins if you ever want to get rid of them, but also that there will be plenty of people around who want them too.