Dogecoin is a digital currency that is decentralized and considered to be very secure.The Dogecoin Coin is used as a cryptocurrency mainly in the private sector, but also in some online shops.
What distinguishes the Dogecoin Coin from other cryptocurrencies is its social purpose: for example, the websites “Reddit” and “Twitter” use Dogecoin Coins to show users a high regard for successful comments or contributions. It is precisely this media presence that has made Dogecoin Coin very well-known and is now traded daily at USD 16,311,100.
Dogecoin Coin – The Cryptocurrency
The total market volume of the Dogecoin Coin is USD 287 million and the price is USD 0.002 (as of December 5th 2017).
Dogecoin Coin is one of the ten largest cryptocurrencies ever. The fact that the share price is so low and the market volume is substantial, on the other hand, makes it clear how many Dogecoin coins are traded daily. This is due in particular to the social character of the cryptocurrency compared to other cryptocurrencies. Private transactions among each other are one function of the dogecoin coins, but they can also be used as payment methods in online shops.
For example, bitcoins can also be purchased by Dogecoin Coins. By serving as a means of appreciation in social networks, the developers of the currency have created a niche among the cryptocurrencies.
The concept behind Dogecoin Coin is very user-friendly. With very little effort, the user can create an eWallet and load it with the purchased Dogecoin coins. This digital wallet is available to users at any time on their computer, smartphone or other portable devices.
Dogecoin Coin – The Company
Originally, Dogecoin was developed as a parody of the Bitcoin in 2013 and was launched on the market.The cryptocurrency was invented by programmer Billy Markus and marketing expert Jackson Palmer and has undergone a very rapid development.
The two founders used the social networks and their fast-paced lifestyles to establish their product on the market. At about the same time, the Internet phenomenon “Doge” circulated. A so-called “meme”, which shows the head of a dog of the breed Shiba Inu and is titled with humorous sentences.
This resulted in the name Dogecoin. The fact that the resonance of Dogecoin was increased in this way, even though it was only a gag at the beginning, is due in particular to the social character of the currency. Dodgecoin coins are not only used as a “tip” on social platforms but have also been donated as part of some major charity events, Dogecoin coins, which has significantly intensified the public focus on the currency.