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What is Dogecoin and How Does it Work?
What is Dogecoin? Dogecoin (DOGE) is an altcoin that uses the Shiba Inu dog as its mascot. It is an open-source cryptocurrency launched in December 2013 by Adobe software engineer Jackson Palmer and IBM software engineer Billy Markus (Shibetoshi Nakamoto). This article will focus to answer what is Dogecoin and how it works. DOGE belongs to a group of cryptocurrencies known as ‘meme’ coins. What is Bitcoin and How Does it Work? Meme coins are cryptocurrencies whose foundation is of humorous characteristics. In the case of DOGE, the two software engineers decided to create a coin to make fun of the wild speculation in cryptocurrencies at the time. However, the…
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Is the Shiba Inu Coin Dream Of Getting to $0.01 Price Possible
After the last Shiba Inu Coin price rally last month, most investors have set their eyes on the I cent target. However, is there a chance of the coin getting to this level? To answer this question. We need to evaluate some of the existing facts. There is no doubt that Shiba is among the best performing cryptocurrencies this year. Within a very short period, its market value has risen to become among the top 10 cryptos in the market. Shiba Inu Coin, The Millionaire Maker Cryptocurrency Currently, it has a fair cap of at least $28 Billion and has been alternating positions with Dogecoin. It’s a fellow meme coin.…
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Dogecoin Remains on A Bullish Trend. Will it Hit One Dollar?
Dogecoin has been showing signs of a bullish trend lately. Although it is not yet 100% clear, early signs indicate a coin that could break out soon. If you are a keen follower of price action, you should be familiar with the higher highs and higher lows bullish trend characteristics. The dogecoin chart indicates an asset that seems to have already hit the low. The support zone is valid and possibly the price can’t get any lower. This leaves the coin in only one direction, going up. Since June, Dogecoin has tested the $0.20 area thrice. This is a confirmation of a valid support zone. Hence, we can assume a…
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Why Investing in DOGECOIN will Make You a Millionaire
Dogecoin is known as the father of meme coins. For a long time, people didn’t understand this type of cryptocurrency until the DOGE price shot earlier this year to become of the largest cryptocurrencies in the market. Since then, the coin has had lower price movements in comparison to its peers. It has been trading lower than its high. However, there has been increased price action recently and this could be the beginning of a new rally that could get DOGE to new highs. Why This is The Best Time to Buy Shiba Inu Token What is Dogecoin? Dogecoin is a peer-to-peer currency that was launched in the year 2013.…
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Why This is The Best Time to Buy Shiba Inu Token
Shiba token has been on a ride this year. A few days ago, it hit an all-time high of $0.000087. This was a great milestone for a coin that is just a year old. This price rally made it join the top 10 biggest cryptocurrencies list. Outpacing its largest meme coin rival Dogecoin. For a long time, DOGE and SHIB have been seen as competitors. This is because both coins have had very low pricing and their naming comes from some famous dog names. This group of meme coins is known to attract a lot of market attention and explode when there is enough buying demand. Shiba price Since hitting…
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Will Dogecoin Get To $1 By December?
Dogecoin is a famous cryptocurrency launched in the year 2013 by both Billy Markus and Jackson Palmer. Its initial release was meant to function as a joke coin to the fast-rising world of cryptocurrencies. Since then, DOGE, as it is commonly known has experienced immense successes. The recent notable one was joining the list of the top 10 biggest cryptocurrencies by market valuation. At its peak, DOGE had a market valuation exceeding $ 85 Billion. Since then, DOGE has been struggling to regain back this position. What Is Dogecoin And Why Is Everyone Talking About It? Getting to $1 The one-dollar DOGE price remains elusive. However, most investors and fans…
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SHIBA Could Flip DOGE Soon After The Latest Huge price Moves
Although SHIBA lags behind DOGE in the market cap, predictions indicate that it could flip it in the future. This is evolving to become the dog fight of the century. Named after dogs, these two cryptocurrencies belong to the group of coins known as meme coins. It refers to a type of currencies developed to mimic the existing mainstream cryptocurrencies. Similarities They are named after famous dog names Both are in the top 20 list of cryptocurrencies by market valuation They are meme coins Why a $0.01 SHIB Price is Closer Than We Think Dogecoin Dogecoin was launched in 2013 by both Billy Markus and Jackson Palmer. DOGE as it…
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Bitcoin and Ethereum Rises to The Highest in Two Months After A Huge Price Drop.
Price rise Both Bitcoin and Ethereum are recording huge price gains after experiencing the biggest price drop this year. The bear is reversing setting the market for a possibility of a sustained bull run. Though the gains are visible in both cryptocurrencies, Ethereum gains are higher in comparison to bitcoin. In its lowest, Ethereum fell below the $2000-dollar mark from the highest of its over $4000. On the other hand, the price of bitcoin fell below $30,000 after a high of over $60,000. The crypto market in general has added over $250 billion within the last few days. This indicates the level of optimism in the market. Rise of Bitcoin…
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What is Baby DogeCoin? All Information You Need to Know About It
Baby DogeCoin belongs to the now-famous group of meme coin cryptocurrencies. According to its creators, it is a young replica of Dogecoin (Doge). Check out my comprehensive article on the traditional Dogecoin here. Launched in June 2021, it is fast gaining popularity across the industry. It has become a trend in creating cryptocurrencies that have no real uses, have huge supply limits, and are cheaply priced. By using an almost similar name to an existing cryptocurrency, it makes it easy to market the new coins as investors can pick them up early. These types of coins fill the demand for affordable cryptocurrencies by speculators. This approach is working perfectly for…
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Will Dogecoin get to $1 Dollar?
There have been numerous predictions from different quarters online that Dogecoin might hit the $1 price by 2025. Will this ever happen? No one really knows. However, it is simpler to make a more realistic prediction on whether the DOGE price will hit $1. Cryptocurrencies’ price movements have surprised many due to their unpredictability and high volatility. In the last decade, the value of crypto assets has toppled the $1 trillion mark with DOGE being among the market leaders in valuation. It would be wise to always remember that DOGE was founded as a Joke coin. Today, DOGE has minor uses other than a speculative asset and maybe a tipping…
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