Dogecoin Hits $2 Billion In 2018, The Coin’s All-Time High.
Dogecoin Hits $2 Billion In 2018, The Coin’s All-Time High. The last weekend of January 2018 is the best time for the Doge. According to CoinMarketCap , it is during this time the Dogecoin hits $2 billion. This internet meme doubles its market capitalization in the last 14 days. By increasing, the Doge hits $2 billion, which is the digital coin’s all-time highest market capitalization. But we are now slightly away from the past weekend. In fact, we are deep into another weekend. During these other seven days, a lot can happen. A lot happens in a day. Check out the best Dogecoin casinos over here.
What Made Dogecoin Hit 2 Billion?
So, it is true that the near to seven days, many things are happening. For instance, according to CoinmarketCAP, the market cap is down. Yes, the market cap is again down to $1.7 billion. Also, this is possible because many things take place in the cryptocurrency trade. Speaking of the Dogecoin, how much do you know about it?
The Dogecoin
DOGE is a virtual token. It comes to life in 2013. The founder of this virtual currency is Jackson Palmer. What is the purpose of Palmer creating this symbol? Or you may ask what is in his mind when he creates this virtual token? When generating this virtual token, Jackson wants to help people send and receive money online. He believes that with it, the sending and receiving money virtually will be easy. For some reason, Palmer gives his virtual token a mascot. It is a Japanese Shiba Inu dog.
$Doge Is Also An Altcoin Like Ethereum and Ripple
Like Ethereum and Ripple, the Doge is also an altcoin. As you may beware, the altcoin is a peer-to-peer digital token. In other words, it is an open source digital coin. Put simply: it is a form of payment that is an alternative to the traditional means of the Bitcoin. There is no difference in the way this coin works with other digital coins. The way to get it, use it, and even sell it is similar to the way you’ll others.
Over 100 Billion Coins On The Market
For instance, you can mine, purchase and sell the Dogecoin on digital currency exchanges. But to your surprise, there is a big difference with the traditional red-hot coin, which is when it comes to supply. The Dogecoin has over 100 billion coins in the market. With this massive number of coins in the market, it is easy to trade in the coin. You see! It is easy to trade in this coin when you compare with the BTC. For many investors, especially those who miss the opportunity in the red-hot coin, seek for alternatives. There are many other alternative coins. The Dogecoin is one of them.
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What is more is that there is not much difference between the Dogecoin and these other altcoins. They have almost the same characteristics. If anything, there is fierce competition amongst them, which is healthy anyway. They are all fighting to have a chance in the same tight virtual space. There is something you need to know about the Doge. It is something to do with the fear of missing out. Many people call this FOMO. This fear is making many people try to grab any opportunity in the digital currency business. You too should.
Billy Markus and Jackson Palmer founded Dogecoin in 2013 as a joke. However, this joke turns out to be a very profitable one to the point where it gets the attention of Russian President and Former Soviet Union KGB Agent Vladimir Putin. More specifically, Billy Markus releases this Open source peer-to-peer digital currency called Dogecoin on December 6, 2013. According to Wikipedia, there are still one hundred thirteen billion coins that have been mined.
Billy Markus is supposedly the true inventor of Dogecoin but we don’t know how much of a role Jackson Palmer played. We do know that DOGE features a picture “Shiba Inu dog from the “Doge” and was thought of as a “joke currency”. Having said that, this alternative coin develops a strong online community and raises sixty million dollars in the beginning of 2014.
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