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Market data powered by Xignite. Dogecoin cryptocurrency price "Also known as the Dogefather, Musk will undoubtedly have a sketch on cryptocurrencies that will probably go viral for days and further motivate his army of followers to try to send dogecoin to the moon," wrote Edward Moya, senior market analyst at Oanda, in a note on May 4.

Dogecoin crypto

ICO Start Date Dogecoin Volume by Exchange Dogecoin on the other hand was introduced to the crypto world as a sarcastic meme coin with no aim for contributing to real-world problems. The mention of the asset in various tweets by the infamous Elon Musk ultimately dragged it to be among the top crypto assets to look out for. Ever since its rise in popularity, Dogecoin has paved the way for various other meme coins.

Dogecoin (DOGE) is an open-source, peer-to-peer cryptocurrency that was made as a parody of the crypto market following the establishment of Bitcoin. It was originally created as a light-hearted joke for crypto enthusiasts, but it quickly exploded to be one of the leading cryptocurrencies in use today. Find out more about Dogecoin Further related statistics

How much is one dogecoin worth

Just like with Bitcoin, network participants of the Dogecoin blockchain use their computing power to secure the network and fuel block creation while verifying transactions. The difference is that Dogecoin has a “light” architecture, which enables DOGE to process transactions more promptly compared to Bitcoin. Dogecoin can be mined with computational power used by network participants to generate new blocks and validate transactions by solving mathematical equations. With every generated block, miners are rewarded with 10,000 DOGE. What’s the difference between Dogecoin and Shiba Inu coin? If you don’t have it already, download the Revolut app and sign up (it’s free!) to start buying DogeCoin and 100+ other crypto tokens

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Dogecoin crypto

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How much is one dogecoin worth