What is Dogecoin? A Guide to the Original Meme Crypto

Dogecoin (DOGE) is an altcoin launched in December 2013, possibly as a joke. But cryptocurrency investors consider Dogecoin’s blockchain, derived from Litecoin, as reliable.

Who Created Dogecoin?

Jackson Palmer, an Australian project manager, created Dogecoin, which he originally thought of as a way to make fun of the media frenzy around cryptocurrencies.

What Can Dogecoin Be Used for?

Once you have some Dogecoin, you can put it in a BitPay wallet, and via their partnership with Mastercard, you could put it on a prepaid crypto card, which you can spend anywhere Mastercard is accepted.

Why Is Dogecoin So Cheap?

The founders have decided not to cap the amount of Dogecoins in existence. And the law of supply and demand means that, without scarcity, the coins will remain inexpensive.

Is Dogecoin a Good Investment?

That said, Dogecoin comes with risks. Critics say that Dogecoin, as a cryptocurrency, doesn’t have many advantages built into its code or its applications.

How Can I Buy and Sell Dogecoin?

You can invest in Dogecoin through a crypto exchange, like Coinbase, Binance, Kraken, or another platform

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