Value of dogecoin today

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It all began when Elon Musk sealed a $44-billion deal to take over Twitter. As soon as this news was out, the price of Dogecoin surged almost by 100%. It is because Elon Musk has always supported Dogecoin cryptocurrency and called it a “People’s Coin” on multiple occasions. Elon Musk’s continuous support of accepting Dogecoin as a payment for goods and institutional adoption has been beneficial to the coin. Today price of dogecoin The story of Dogecoin began with the idea of creating a cryptocurrency more suitable for a wider audience than Bitcoin. The first step was Palmer's purchase of the Dogecoin.com domain and the establishment of the project's official website. To the creators' surprise, Dogecoin was almost immediately well-received, with dogecoin.com attracting over a million visitors in its first month.

Current price of dogecoin

The Dogecoin Foundation is a non-profit organization dedicated to promoting the use and development of the Dogecoin network. While the foundation was initially formed in 2014, it has since undergone several changes and periods of inactivity. In 2021, members of the Dogecoin community revived the foundation and began working on a range of initiatives to improve the network's functionality and expand its user base. Only invest what you're willing to lose © 2024, Nasdaq, Inc. All Rights Reserved.

What is Dogecoin?

Doge is the native cryptocurrency of dogecoin, a parody cryptocurrency based on a viral internet meme of a Shiba Inu dog. At first, the crypto project was created purely as a mockery of other cryptocurrency projects that were being launched at the time. How to mine Dogecoin 1Crude prices rally after Saudi's signal output cuts can be extended or deepened Gold struggles as bond market selloff extends Bitcoin’s tight range narrows to $28,900 to...

Value of dogecoin today

Dogecoin needs to be mined in order for there to be more of it, and mining is done through a process of computers confirming and checking transactions. These coins are usually mined through a community effort, and the new coins are added to the existing blockchain of coins, with one of the contributing community members awarded the coins. Being the one to get the coin is much like winning the lottery- it can come down to chance rather than any measure of skill or effort. A brief history of Dogecoin Dogecoin launched in December 2013. The first exchange rate of DOGE detected by our platform is $0.0005128, the lowest price was $0.0000875 in May 2015, and the highest price that Dogecoin reached was $0.6904872 in May 2021.