Hey there! You still don’t use Dogecoin? Doge coin is on the rise and here I will explain the advantages of using this alternative cryptocurrency with this peculiar name, its origin fascinates me and that it is so large and beneficial I find it incredibly great, stay to talk a little more about it in a summarized way giving to you the key points.
Where did Dogecoin come from? And why is in rise?
The recent rise of Dogecoin
The altcoin Dogecoin was at the top of gains for the week of January 5 and still holding between them, surpassing the penny per token after the surprising support of the Australian adult film star Angela White, as you can see Dogecoin coin is in the mainstream from celebrities all this commotion and love for cryptocurrency makes the snowball continue and with an incredible system and team behind it, it becomes more and more profitable.
White tweeted about her de ella holdings de ella on DOGE and later changed the photo of her on her Twitter profile to one in which she used Dogecoin merchandise.
Where did Dogecoin come from?
Dogecoin comes out of a fork of the LTC coin called Luckycoin in 2013, the creator of the Dogecoin cryptocurrency is programmer Billy Markus. He came up with the idea of creating a cryptocurrency that could compete with bitcoin in a satirical way to make fun of the current obsession with cryptocurrencies by taking the name of the well-known Doge meme, which is based on a photograph of the Japanese dog Shiba Inu it seems that it is not serious because who would take a cryptocurrency based on an internet meme seriously? It is the thought in the first instance, until it was expanded by different internet forums in 15 days it had already multiplied its value by 300 people love the idea, over the years the snowball did not stop stopping, highlighting December 2017 where its value reached US $2,000 million -US $1,928, to be exact.
SpaceX and Tesla founder Elon Musk repeatedly called Dogecoin his favorite cryptocurrency and jokingly announced himself as the CEO of the project. At the same time, it is known that the billionaire himself is not an investor in digital money, but only owns 0.25 BTC he is delighted with the cryptocurrency and is a great supporter of it supporting it in its boom.
The 7-year holding DOGE and stir in networks
The net result was an instant 125% increase in the price of DOGE/USD, which overcame the impact of a previous nod on Twitter from Tesla CEO Elon Musk.
All this fuss made Dogecoin say an incredible boost rising more than 100% despite its downward volatility of Bitcoin which has made it the perfect time to invest in the currency. The DOGE/USD pair also managed to crack the psychologically significant 1 cent mark, taking it to levels not seen since January 2018. Despite its successes, the altcoin remains relatively far from its all-time highs of $0.0153 for that month.
Advantages and features of Dogecoin
- Speed and cost: Doge has fast transactions and low transaction fees.
- Dogecoin Community: Over 100,000 Reddit members are known for their friendly and welcoming group.
- Unlimited supply: The coin was originally limited to 100 billion coins, but was later replaced by an unlimited supply.
- Charity: DOGE users use currency to do good deeds. For example, they raised more than $25,000 in Dogecoin to help send a cash-strapped Jamaica sled team to the 2014 Olympics. They also partnered with a water charity to mobilize thousands of people to access drinking water in Kenya.
Your processing speed
One of the advantages of Doge is the very fast transaction processing speed compared to other cryptocurrencies. This is due to relatively simple mining, which allows for faster block processing. The block is created once per minute, that is, 2.5 times faster than LTC. It only takes 4 confirmations from the DOGE blockchain to complete the exchange.
Commission of the Dogecoin network
Dogecoin has one of the lowest commission rates, while it is practically unchanged even when transferring large amounts. The average commission does not exceed $0.01.
Monster Eggs and Dogecoin
Being Dogecoin an excellent cryptocurrency to make low-percentage microtransactions in Monsters Eggs we decided to include in the page it for all its advantages and speed (In addition to how great it is of course) to make exchanges on the page, Dogecoin is an excellent option even to enter the world of cryptocurrencies, to start it seems to be the right option right now to understand how it works and get good monetary benefits from it.
The use in Monster Eggs to get exchanges in the page and more Dogecoins to invest can be an interesting view of it and how you get into this cryptocurrency but of course there are other alternatives if you decide not to opt for it.
As you can see, Dogecoin is positioned high in this of alternative cryptocurrencies either because of its origin and its incredible good publicity promoted by famous people and not only famous people but people who can build a rocket to the moon and send a Tesla into space like Elon Musk, in Monsters Eggs we are delighted with her and her versatility. For you it could be the opportunity to get started in cryptocurrencies and generate profits, do not miss the opportunity or at least think about it if you are interested.
This was all for this occasion if you have any questions, do not hesitate to write to us on social networks, we are always very active and much more important, do not forget to stay spooky!!!