What Is DOGECOIN(DOGE)？
Dogecoin (DOGE) was created as a lighthearted alternative to traditional cryptocurrencies like Bitcoin in 2013. The name and Shiba Inu logo are based on a meme. Unlike Bitcoin, which was designed to be scarce, Dogecoin is intentionally abundant — with 10,000 new coins mined every minute and no maximum supply.
For most of its existence, Dogecoin was considered to be an amusing“memecoin”beloved by its community but with relatively little value. That changed in 2021, when DOGE became one of the larger cryptocurrencies by market cap with a total value that topped $80 billion in 2021, even though each individual coin is worth pennies.
What Are The DOGE Used For?
Since the circulation of Dogecoin is as high as 100 billion, which is quite a lot compared to the 21 million of Bitcoin, the price of each coin is low and the circulation is high, which is suitable for rewarding culture.
Online platform tip payment: Facebook, China Weibo and Amazon's live streaming platform Twitch, etc., can use apps such as the Doge Tipping App to tip FB content, or tip Twitch live broadcasters.
Fast transaction speed: Bitcoin's transaction confirmation time is 10 minutes, but Dogecoin only needs 1 minute, even faster than Dogecoin's recoded Litecoin 2.5 minutes.
Why DOGE Is Popular All Over The World?
There are three main reasons why DOGE is popular all over the world at that time:
First, it has a good cultural background - tipping culture. As an electronic currency, Dogecoin was born on December 12, 2013. It became the second-largest tipping currency within a week of its launch. Many people participate in Dogecoin trading, not for speculation, but as a way to express sharing and gratitude.
Second, it has a good humanistic background-charity culture. The application of Dogecoin in charity has been very extensive. After helping the "Jamaica bobsled team" and three Indian athletes to embark on the Sochi Winter Olympics journey, the "Doge4Kids" charity fund-raising activity, all the proceeds were donated to 4 Paws For Ability Charity. It is understood that the Dogecoin Foundation has sponsored another 30,000 US dollars to solve the water crisis in Kenya, which has to be said to be another commendable charity event done by Dogecoin. In addition, according to reports, the Dogecoin Foundation has recently funded a racing competition.
Third, the popularity index is relatively high. Data shows that the reddit Dogecoin community has more than 75,000 attention, far exceeding LTC, while BTC has only 120,000 attention in five years. There is a relatively wide range of applications that support a large number of foreign websites that accept BTC payments and dogecoin payments.
How To Buy DOGE?
To buy DOGECOIN(DOGE), first you need to pick a a crypto exchange. While either lets you buy DOGE.
The first step is to log in to a reliable exchange website and enter the market page, there are some exchanges we recommend as below.
The second step is to register to create your account and bind the bank account.
The third step is to search for DOGE coins, Then go to the DOGE coin trading page.
The fourth step is to fill in the purchase quantity and click to buy. If it is sold, fill in the sell quantity and click to sell.