You must have heard the name of bitcoin. You also know that it is the most expensive cryptocurrency in the world. Similarly, Dogecoin is also a Cryptocurrency. Talking about Dogecoin, its creators Jackson Palmer and Billy Markus made it liye of fun token. But seeing it, with the passage of time, it became very famous among the people. It is very much discussed nowadays. There are many people who have earned money by trading in this cryptocurrency in a very short span of time.
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| What is Dogecoin: The one who gave 26000 percent return in 6 months |
If you want complete information about this Dogecoin then you should read this article of ours.
What is Dogecoin?
Like bitcoin, Dogecoin is also a cryptocurrency. Talking about Dogecoin, it was invented for a fun token. The logo of this cryptocurrency has the face of a famous dog Shiba Inu. Whose meme is very famous in the internet.
If want to know full information about Cryptocurrency the read our complete article on Cryptocurrency
If we talk about its value in Indian Rupee, then on 25 June 2021, 1 Dogecoin was equal to 19.45 Rupees. The jump in its value came after a tweet by Elon Musk. Talking about the month of December, 1 Dogecoin was equal to 30 paise. In the market of cryptocurrency, we call it meme token.
Click here if you want see what Elon Musk tweeted about Dogecoin and what was its effect
Who invented Dogecoin and when?
Billy Markus and Jackson Palmer together invented Dogecoin. Both are engineers by profession and they invented it in 2013 for Meme Token.
Given highest return
In the last six months, the US stock market's major benchmark index S&P has given a return of 19 percent. Whereas, the crypto currency Bitcoin has given a return of 286 percent.
Tesla's stock, called the darling of the stock market, has given a return of 56 percent. Dogecoin has given a huge return of 26000% during this period.
Read Also- OnePlus will soon enter the Crypto market
What is the difference between Bitcoin and Dogecoin
According to a CNBC report, it was several years since Dogecoin was created by engineers. Then the same code was used. Which happened in the software to make bitcoin. Whereas, bitcoin is a currency built on the widest and best ecosystem.
Dogecoin is an inflationary currency, which experts say means “more doges can be made every minute of every day. There is no limit to make it.
For example, every minute, 10,000 more Dogecoins are issued every day. That equates to about 15 million doges per day or 5 billion doges per year.
How to invest in Dogecoin? How to buy doge coin in india
There are many platforms in Google Play Store and App store to invest in cryptocurrency in India. Like Wazirx, Coindcx, Zebpay, you can use it on all these platforms by opening your own account and verifying your account properly.
You are required to do KYC in all these applications. Because by doing KYC, the authenticity of the customer is known. You cannot use this type of application without KYC.
You will find many other applications like this, but to invest in Dogecoin or any other cryptocurrency through any application, first know about that application well. Find out how right it is to invest in all these applications and if you face any problem in these applications on time, then you can get proper help from them.
Dogecoin is in the news because it has progressed a lot in a span of time. And Elon Musk's interest in this has increased a lot, he tweeted in January that he had bought dogecoin for his child. And he is always tweeting something related to dogecoin.
You may also like- How to invest in Bitcoin
What is the future of Dogecoin?
If we talk on this topic, what is the future of Dogecoin, then everyone has different views on it. By the way, according to an estimate, at the end of 2021 year, the value of 1 Dogecoin will be equal to 1$. By the way, Elon Musk is very interested in this cryptocurrency and his company SpaceX has a DOGE-1 "Mission to the Moon" which will be funded entirely through Dogecoin.
Elon Musk is telling in the tweet that his company Spacex will launch satellite Doge-1.
It is being speculated that now that tesla has stopped accepting bitcoin. Because bitcoin mining consumes a lot of energy. Which is very harmful for the environment. This is the reason why tesla has stopped accepting bitcoins. By the way, it is now being speculated that Tesla may now start accepting Dogecoin in the coming time.
It is clear from this that if this happens, then the price of Dogecoin may see a further jump.
What is special about Dogecoin?
- It is a cryptocurrency through which you can earn money by trading in the crypto market. But our advice is to have a good knowledge of these cryptocurrencies first, then invest in them.
- This is a meme token that represents a dog named Shiba in its currency. Which is a very good thing because if you see its memes in the internet then you will know that after all it is so famous for Dogecoin.
- After the popularity of Dogecoin, more meme tokens such as shiba Inu, Safemoon, safemars have all entered the new meme token market.
- The biggest support for this Cryptocurrency has been received by the world's richest person named Elon Musk. It would not be wrong to say that whatever value Dogecoin has today, it is only and only because of Elon Musk's tweets and his support.
Summary
We hope that you have got the answers to all your questions in this article. If you like this article of ours, what is Dogecoin and what is its future? If you liked it or have any suggestion, then you can tell us in the comment section. Thank you for reading this article of ours and do share it with your friends.
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