Today, on March 25th, 2024, the cryptocurrency market has seen gains and embraced a bullish trajectory across several leading cryptocurrencies. Significant upticks have been observed in the performance of major players including #Bitcoin, #Ethereum, #Solana, #XRP, #Dogecoin , and #Cardano.

What is Dogecoin ($DOGE )?

Dogecoin (DOGE)
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Dogecoin (DOGE) is the original meme coin. Dogecoin was created in 2013 by software engineers Billy Markus and Jackson Palmer. The coin was inspired by the ‘Doge’ meme – a fun picture of a Shiba Inu dog.

While the coin and its underlying blockchain were meant to be a lighter and funnier version of the serious Bitcoin project, DOGE itself has exploded in popularity beyond any expectations.

The underlying technology of Dogecoin comes from earlier cryptocurrencies like Luckycoin and Litecoin, the latter being a fork of Bitcoin. Like Bitcoin, Dogecoin relies on a Proof of Work (PoW) algorithm, but DOGE is much easier to mine than BTC.

Unlike Bitcoin, Dogecoin operates without a deflationary model and possesses an unlimited supply, a choice designed to promote continuous circulation.

DOGE’s circulating supply is currently over 140 billion tokens and has a market cap of $13.24 billion in December of 2024.

$DOGE Interesting Facts

DOGE has been consistently praised by Tesla and SpaceX CEO Elon Musk. Every time Musk tweets or says something about DOGE, its price goes wild. The world’s richest person believes that DOGE is better than Bitcoin due to its price accessibility and higher transaction volume capability.

Dogecoin has 3.8 million followers on Twitter, more than the Ethereum Foundation, #Solana, or #Cardano.
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