Dogecoin is a cryptocurrency introduced as a joke on 6 December 2013. The face of the coin is a Shiba Inu dog from the “Doge” Internet meme. However, it gathered an online community soon after its release and grew to $60 million in market cap at the beginning of 2014.
Practical applications of Dogecoin are limited, but the coin found its usage as an online tipping asset where coin holders sent Dogecoin to people they deemed worthy. The Dogecoin founder is Billy Markus from Portland, Oregon, who wanted to create an interesting cryptocurrency that will stay away from controversies.
An interesting point in Dogecoin history occurred in December 2013 when millions of coins were stolen by hacking. The network organized an initiative for users to donate Dogecoin, and they received enough donations to cover all stolen coins!
Dogecoin’s all-time high was around $0.018. But, don’t worry! There is no limit on how many coins can be produced, so Dogecoin is still a viable payment option!
See some companies already accepting Dogecoin paymentsWhat else?Q: Any Dogecoin news?A: SpaceX claims they accept Dogecoin payments to launch “DOGE-1” to the Moon in 2022Q: Will Tesla accept Dogecoin payments?A: Tesla, Bitcoin, Dogecoin - these words are often seen together nowadays. In a recent tweet of his, Elon Musk asked his followers, “Do you want Tesla to accept DOGE?”Q: “So, what is Dogecoin?” (an Elon Musk on SNL reference)A: Read our article and find out for yourself: What is Dogecoin