Dogecoin (DOGE) is a decentralized, peer-to-peer cryptocurrency that was created as a joke or meme in December 2013. Despite its humorous origins, Dogecoin has gained a significant following and become a notable player in the cryptocurrency market.$DOGE
Key Features:
1. Community-driven: Dogecoin has a strong and active community.
2. Fast transactions: Dogecoin's block time is 1 minute, allowing for quick transactions.
3. Low fees: Transaction fees are relatively low.
4. Infinite supply: There is no cap on the number of DOGE that can be mined.
Token Details:
1. Symbol: DOGE
2. Total Supply: Infinite
3. Circulating Supply: approximately 132 billion DOGE
4. Blockchain: Dogecoin (fork of Litecoin)
Current Status:
1. Price: around $0.06
2. 24-hour Trading Volume: $100 million
3. Market Capitalization: around $8 billion
4. Ranking: #20 on CoinMarketCap
Exchanges:
1. Binance
2. Kraken
3. Huobi
4. Other major exchanges
Partnerships:
1. NASCAR (sponsorship)
2. ESPN (partnership)
3. Various charities and organizations
Benefits:
1. Community-driven and charitable focus
2. Fast and low-cost transactions
3. Infinite supply reduces scarcity concerns
4. Established brand recognition
Risks and Considerations:
1. Market volatility
2. Infinite supply may lead to inflation
3. Lack of significant technological advancements
4. Regulatory uncertainty
Additional Information:
Dogecoin has been involved in various charitable initiatives and fundraising campaigns, including:
1. Dogecoin charity drives
2. Fundraising for disaster relief
3. Sponsorship of sports events
Use Cases:
1. Microtransactions
2. Charity donations
3. Community funding
4. Speculative investment
Would you like more information on DOGE's technology, partnerships, or potential use cases?