What is Dogecoin (Doge)?

DOGE was created as a lighthearted alternative to traditional cryptocurrencies, but it's become seriously valuable. Our explainer can help you understand what it is and how it works Dogecoin (DOGE) was created as a lighthearted alternative to traditional cryptocurrencies like Bitcoin in 2013. The name and Shiba Inu logo are based on a meme.

How do I buy Dogecoin?

This means that miners are forced to work harder and longer over time to earn new Bitcoin, and to a degree it helps guarantee Bitcoin’s ability to hold and grow its value over time. You can buy Dogecoin on a cryptocurrency exchange like Binance or Kraken. The exchanges require you to set up and fund an account with U.S. dollars or crypocurrency.

Is Dogecoin a 'fun' version of bitcoin?

Dogecoin marketed itself as a "fun" version of Bitcoin with a Shibu Inu dog as its logo. Dogecoin's casual presentation suited the mood of the burgeoning crypto community. Its scrypt technology and unlimited supply were an argument for a faster, more adaptable, and more consumer-friendly version of Bitcoin.

Is Dogecoin on the decline?

Dogecoin is on the decline this week. The price of Dogecoin has fallen by 4.71% in the past 7 days. The price declined by 3.78% in the last 24 hours. In just the past hour, the price shrunk by 0.63%. The current price is $0.0742 per DOGE. Dogecoin is 89.97% below the all time high of $0.74.