Why is Doge coin called Dogecoin?

For the uninitiated, Dogecoin is named in honor of Doge, a character based on a picture of a shiba inu that has been passed around the internet since 2010. Doge is often used online as a mascot for good-natured wonder, and the coin inspired by the canine’s image tends to represent a similar point of view.

What do you need to know about Dogecoin?

Some proponents of Dogecoin or DOGE, a cryptocurrency that started as a joke but is now one of the most popular coins around, would have you believe that the sentence above is all you need to know about Dogecoin. In a way, they'd be right. Dogecoin does not require a lot of thinking.

Is Dogecoin a Litecoin?

Dogecoin features a Shiba Inu, a Japanese breed of dog, as its logo. It is based on Litecoin and uses the same proof-of-work technology. Dogecoin has a loyal community of supporters who trade it and use it as a tipping currency for social media content. Dogecoin began as a whim but quickly gained a following.

How much is Dogecoin worth in 2022?

Since then, the value of Dogecoin has fallen precipitously, bottoming out around $0.05 in June 2022. After Musk made the Dogecoin Shibu Inu the new logo for Twitter, DOGE shot back up into the top ten cryptocurrencies by market cap. How Does Dogecoin Work? Like many other coins, Dogecoin runs on its own dedicated blockchain.