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Dogecoin surges more than 25%, market cap grows to $54 billion on Coinbase listing this week
How dogecoin went from a joke to one of the world's top cryptocurrencies
What Is Dogecoin, How to Say It, and Why It’s No Longer a Joke
Dogecoin Price | DOGE Price Index and Live Chart – CoinDesk

 

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Dogecoin surges more than 25%, market cap grows to $54 billion on Coinbase listing this week

Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the time. Despite its satirical nature, some.
Dogecoin has 1 minute block intervals making it faster than other blockchains.
Find the latest Dogecoin USD (DOGE-USD) price quote, history, news and other vital information to help you with your cryptocurrency trading and investing.
Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of.
› articles › dogecoin-price-jumps-on-coinbase-debut-prospe.
The price of dogecoin jumped to its highest level in about two weeks, giving the cryptocurrency, which was designed to serve no real purpose.
Dogecoin is a cryptocurrency that started as a joke in It is a satirical homage to bitcoin, designed to serve no real purpose other than.
Dogecoin (DOGE) was created in as a lighthearted alternative to traditional cryptocurrencies like Bitcoin. The Dogecoin name and Shiba Inu logo are.
Dogecoin is based on the Internet meme doge and was created in jest in the same year, when bitcoin's enthusiastic but niche community.
Dogecoin is an open source peer?-to-peer cryptocurrency, favored by shibas worldwide. Elon Musk thinks we're.
Have your Dogecoins always with you, in your pocket! You pay by quickly scanning a QR-code. As a merchant, you receive payments reliably and instantly.
Dogecoin (DOGE) prices - Nasdaq offers cryptocurrency prices & market activity data for US and global markets.
Dogecoin is a cryptocurrency, a form of digital money that, much like bitcoin, enables peer-to-peer transactions across a decentralized network.
r/dogecoin: The most amazing place on reddit! A subreddit for sharing, discussing, hoarding and wow'ing about Dogecoins. The much wow innovative ….
Dogecoin is a cryptocurrency like Bitcoin, although it does not use SHA as its proof of work (POW).
1 Dogecoin = 1 Dogecoin. Dogecoin is an open source peer-to-peer digital currency, favored by Shiba Inus worldwide.
Dogecoin is up in price on Wednesday morning after being added to Coinbase Dogecoin price surges after Coinbase listing and Musk tweet – latest?.
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What Is Dogecoin, How to Say It, and Why It’s No Longer a Joke

Dogecoin emerged in 2013 as a joke. It was created by Jackson Palmer and Billy Markus to satirize the growth of altcoins by making the doge internet meme into a cryptocurrency. While it was birthed as a joke, it actually led to some practicality as its large supply and low price facilitated efficient micro-tipping content on social media. Dogecoin has 1 minute block intervals making it faster than other blockchains. There is no cap to the supply of coins and thus the coin can inflate infinitely. CoinDesk also provides a suite of institutional-grade price indexes. Find out more about them here. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Dogecoin rallies as Coinbase adds support for the meme cryptocurrency. Bitcoin trades within a narrowing range. The exchange typically adds cryptocurrencies to its retail platform a few weeks after first listing on the professional version. Many investors who followed my trade have made a nice profit during the last three weeks. Three days ago, I wrote another article to explain the fundamental. Let's look. There is a fine line between dominating the cultural conversation and outright manipulation. Data Dogecoin. Export data. Key metrics. All time high. Transaction Count 24h. Average Transaction Fee 24h. Value Transacted 24h. Category Currency. Value proposition Memecoin. Show More. Foundations: Celo. Foundations: Near Protocol. Foundations: IOV. Market Wrap. Elon Musk.
Dogecoin, the original meme asset, jumped on Wednesday following Coinbase's announcement that it will begin listing the cryptocurrency on its Pro platform this week. Zoom In Icon Arrows pointing outwards. The company will also begin supporting dogecoin on its retail trading platform soon after its Pro launch this week, a person familiar with the matter told CNBC Wednesday. Dogecoin is based on the 2013 Internet meme doge and was created in jest in the same year, when bitcoin's enthusiastic but niche community began to strengthen around its pseudonymous creator, Satoshi Nakamoto. It's gained some relevance this year, however, following the endorsement and continuous hype on social media by Tesla CEO Elon Musk, who has become something of a cryptocurrency market mover with his tweets about dogecoin as well as bitcoin. In early May, Musk's posts fueled dogecoin's rally to its all time high of 67 cents, per Coin Metrics. His appearance on SNL, in which he called dogecoin "a hustle," just as easily sent the price crashing back down. Coinbase Pro is the exchange's professional-level trading platform for active traders. Dogecoin historically has held little promise as a useful blockchain project and had few technological updates, making it especially risky for amateur retail investors — who have been the biggest drivers of different cryptocurrencies' price rallies, including that of dogecoin. Coinbase is the largest U. Historically, when the exchange lists a new asset, its price tends to jump on the first trading day like an IPO pop. This is a well-known phenomenon referred to as The Coinbase Effect. Pre-listing announcements alone have had a similar effect on asset prices. The listing process is likely to be thorough and rigorous, especially now that Coinbase is a public company. Its decision to list dogecoin could be seen as a litmus test for other individual assets, particularly as newcomers to cryptocurrency and different metrics — like tweets by big business figures — have emerged. Taking one of those pieces and amplifying it without updating the rest of the picture —that's not something that should be encouraged. Skip Navigation. Markets Pre-Markets U. In this article. A visual representation of digital cryptocurrencies Dogecoin and Bitcoin. VIDEO 2:31 02:31. Why institutional investors say Dogecoin isn't the same as Bitcoin. Trading on Coinbase Pro will begin Thursday at 12 p.
And stock market darling Tesla? It is up 56 percent since November. In 2013, software engineers Billy Markus and Jackson Palmer launched the satirical cryptocurrency as a way to make fun of bitcoin and the many other cryptocurrencies boasting grand plans to take over the world. Zoom In Icon Arrows pointing outwards. They called it dogecoin — pronounced "doje coin" with a soft "g" sound — after the once-popular "doge" shiba inu meme. Its purpose? To be a faster but "fun" alternative to bitcoin. In addition, while bitcoin has a capped supply of 21 million coins, there is currently no limit to the number of dogecoins that can be created. Musk's tweets with sometimes oblique references to dogecoin often send it to new record-high prices. These posts have also helped drive retail investor interest. Musk, however, isn't alone in his celebrity endorsement of the animal-branded token. Even beef jerky brand Slim Jim is getting in on the action. Its price surge this week, attributed by one analyst to Elon Musk's upcoming "Saturday Night Live" appearance on May 8, even managed to briefly crash Robinhood's trading app. Market conditions have also been right. Multiple rounds of stimulus checks have meant people have more money on hand to spend. Apps like Robinhood have made it easier than ever for the casual investor to make a bet on stocks, turning day-trading into a pandemic pastime. And I'm just going to buy it, because I'm going to buy it. People like these narratives. They like these stories. They like these jokes. And dogecoin just captured the mind and imagination of every single retail investor. The rise of commission-free trading through online brokerage apps like Robinhood also made it easier than ever to buy into crypto. At the moment, there are very few use cases for the token. Though more merchants are starting to accept dogecoin as a method of payment, it is nowhere near the level of adoption necessary to be used as any sort of actual currency substitute. Unlike rival cryptocurrencies such as ethereum, which let programmers build applications on their platform to do things like lend and borrow money, there isn't much anyone can do with dogecoin. Dogecoin isn't really a reliable store of wealth either, given that this typically requires a certain degree of long-term faith in the coin and the blockchain upon which it's been built. Given these limitations, the run-up in dogecoin appears to be purely speculative. Dogecoin has value because other people believe that it has value. Skip Navigation. Markets Pre-Markets U. Key Points. Whereas bitcoin has a capped supply of 21 million coins, there is currently no limit to the number of dogecoins that can be created. In this article. VIDEO 2:26 02:26. The News with Shepard Smith. It isn't totally clear when or why dogecoin captured the heart of Elon Musk. But there is more to dogecoin's record price run than just celebrity backing. There is also the enduring sentiment to "stick it" to the establishment. The question of whether dogecoin holds value is debatable. VIDEO 2:42 02:42. Street Signs Europe.
They wanted to create a peer-to-peer digital currency that could reach a broader demographic than Bitcoin. Palmer is credited with making the idea a reality. At the time, he was a member of the Adobe Systems marketing department in Sydney. Markus reached out to Palmer after seeing the site, and started efforts to develop the currency. Markus had designed Dogecoin's protocol based on existing cryptocurrencies Luckycoin and Litecoin , [14] which use scrypt technology in their proof-of-work algorithm. On December 25, 2013, the first major theft of Dogecoin occurred when millions of coins were stolen during a hack on the online cryptocurrency wallet platform Dogewallet. To help those who lost funds on Dogewallet after its breach, the Dogecoin community started an initiative named "SaveDogemas" to help donate coins to those who had them stolen. Approximately one month later, enough money was donated to cover all of the coins that were stolen. In January 2014, the trading volume of Dogecoin briefly surpassed that of Bitcoin and all other crypto-currencies combined, however, its market capitalization remained substantially behind that of Bitcoin. Initially, Dogecoin featured a randomized reward that is received for each mining block, however, in March 2014 this behaviour was later updated to a static block reward. In April 2021, Dogecoin and other cryptocurrencies surged, stimulated in part by the direct listing for cryptocurrency exchange Coinbase on April 14, although that platform did not provide trading of Dogecoin. On May 9, 2021, SpaceX announced a rideshare mission to the Moon completely funded by Dogecoin, thus becoming the first space mission funded by a cryptocurrency. Dogecoin is an altcoin with many users. Mainstream commercial applications of the currency have gained traction on internet, such as a tipping system, in which social media users tip others for providing interesting or noteworthy content. Dogecoin has also been used to try to sell a house, [44] and has been used in the pornography [45] and poker industries. Dogetipbot was a cryptocurrency transaction service used on popular sites like Reddit and Twitch. It allowed users to send Dogecoins to other users through commands via Reddit comments. In May 2017 Dogetipbot was discontinued and taken offline after its creator declared bankruptcy; this left many Dogetipbot users losing their coins stored in the Dogetipbot system. DeFi decentralized finance is a form of finance that does not rely on middlemen such as brokerages , exchanges , or banks to offer financial instruments. While Dogecoin cannot interact with smart contracts directly given that it operates on its own chain, the coins can be "wrapped" so that they can be locked into a state that is interoperable with a contract until it is later released. Most DeFI coins use the ethereum blockchain network. An example of a Dexs is Uniswap ; these are entirely peer-to-peer exchanges, without any company or other institution providing the platform. Dogecoin started with a supply limit of 100 billion coins, which would have been far more coins than the top digital currencies were then allowing. By mid-2015 the 100 billionth Dogecoin had been mined with an additional 5 billion coins put into circulation every year thereafter. Although there is no theoretical supply limit, at this rate, the number of Dogecoins put into circulation will only double in 20 years the next doubling will occur in the year 2075. There is no implemented hard cap on the total supply of Dogecoins. Nonetheless, in February 2014, Dogecoin founder Jackson Palmer announced that the limit would be removed in an effort to create a consistent reduction of its inflation rate over time. Dogecoin's block time is 1 minute as opposed to Litecoin's 2. Several cases of people using their employers' or universities' computers to mine Dogecoin have been discovered. The Dogecoin community and foundation have encouraged fundraising for charities and other notable causes. Inspired by the Winter Olympics fundraiser and smaller charity fundraising successes, the Dogecoin Foundation, led by Eric Nakagawa , began collecting donations to build a well in the Tana river basin in Kenya in cooperation with Charity: Water. On March 25, 2014, the Dogecoin community successfully raised 67. Nicknamed the "Moonrocket", [55] the No. He finished the race in fifteenth, the last car running. McLeod Motorsports announced that Dogecoin would be sponsoring the No. Coincidentally, his father Phil was the owner of the team that fielded the original Dogecoin-sponsored car in 2014. Dogecoin's origin as a joke has made it difficult to be taken seriously by mainstream media and financial experts. The cryptocurrency has had a long and problematic history of scams. The Daily Dot. Retrieved 2018-12-21. Just Ask Doge". The New York Times. ISSN 0362-4331. Retrieved October 3, 2017. Accessed 28 December 2017. Dogecoin is the most Internet thing to happen, ever". Digital Trends. Retrieved December 12, 2013. Sydney Morning Herald. Retrieved April 5, 2014. Australian Broadcasting Corporation. Retrieved May 10, 2021. Retrieved 2021-02-12. Vice Media. Retrieved December 23, 2013. Junkee Media. Retrieved January 12, 2021. Jackson Palmer accidentally invented Dogecoin in early December... Business Insider. Retrieved December 19, 2013. International Business Times. Retrieved December 20, 2013. Retrieved 2014-02-16. Retrieved December 10, 2013. Retrieved 21 September 2019. DogeCoin fetches 300 percent jump in value in 24 hours". Retrieved December 22, 2013. Retrieved December 26, 2013. Many Dogecoin. Very Disappear. So Gone. Retrieved December 25, 2013. Los Angeles Times. After Dogewallet heist, Dogecoin community aims to reimburse victims". December 27, 2013. Retrieved March 2, 2014. Retrieved July 9, 2020. Retrieved 29 January 2021. Retrieved 21 February 2021. Retrieved 2021-04-17. The Wall Street Journal. Retrieved 2021-04-14. New Delhi. How a joke became hotter than bitcoin". Retrieved May 15, 2021. Al Jazeera. May 10, 2021. Retrieved 2021-05-10. Retrieved 9 May 2021. Retrieved March 4, 2015. The Verge. Retrieved December 16, 2013. Duaine Hahn December 16, 2013. Complex Tech. Retrieved March 17, 2014. February 27, 2014. Retrieved September 9, 2017. May 4, 2021. Ars Technica. Retrieved February 4, 2014. Retrieved June 13, 2014. The Guardian. Retrieved 21 February 2020. NBC News. Retrieved February 2, 2014. IB Times. Retrieved May 25, 2014. NBC Sports. Retrieved March 26, 2014. Retrieved May 6, 2014. USA Today. Retrieved May 18, 2014. May 18, 2014. To learn more: t. Here's How It Doesn't Work". Financial Times. Proof of authority Proof of personhood Proof of space Proof of stake Proof of work. Ethereum Ethereum Classic. Auroracoin Bitconnect Coinye Dogecoin Litecoin. Bitcoin Gold Zcash. Dash Petro. Cardano EOS. Category Commons List. Anarchism portal Business and economics portal Economics portal Free and open-source software portal Internet portal Money portal Numismatics portal. Namespaces Article Talk. Views Read View source View history. Help Learn to edit Community portal Recent changes Upload file. Download as PDF Printable version. Wikimedia Commons. Dogecoin Logo. December 6, 2013 ; 7 years ago 2013-12-06. MIT License [1].
Dogecoin has the internet abuzz. The cryptocurrency that started out as a parody less than a decade ago has been on a wild ride this year as individual investors have piled in. Musk, the billionaire chief executive of electric-vehicle maker Tesla Inc. Since Mr. Robinhood Markets Inc. During Mr. Finally, after Mr. Skip to Main Content Skip to Search. Dow Jones. To Read the Full Story. Subscribe Sign In. Continue reading your article with a WSJ membership. Sponsored Offers. June 9 2021. June 17 2021. June 24 2021. Most Popular News. Most Popular Opinion. Most Popular Videos.

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What Is Dogecoin, How to Say It, and Why It’s No Longer a Joke

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