Dogecoin News

Dogecoin News

Elon Musk is one of the well-known admirers of Dogecoin. Just so you know, Dogecoin is a cryptocurrency based on the blockchain network and follows the peer-to-peer system for completing transactions. The network has been able to carve a place for itself and its native cryptocurrency doge is counted among one of the most influential cryptocurrencies in the crypto world. Dogecoin (DOGE) has a market capitalization in excess of $1 billion.

Dogecoin’s invention traces a very interesting story as the cryptocurrency was created as a part of a joke. It is based on the popular internet meme that came into existence as a result of Litecoin’s hard fork in December 2013. Initially, many people dismissed the Dogecoin idea, but later, Doge became successful in striking a chord with crypto experts and investors.

News on Dogecoin relates to a range of different developments, including the Dogecoin price, although the platform has also been in reports owing to its efforts involved in various charity events to collect funds for the deprived and poor sections of society. Especially during the 2014 Winter Olympics, Dogecoin (DOGE) was in the news for helping the Jamaican team by raising an amount of fifty thousand dollars. In addition, the blockchain platform contributed a sum of $30,000 in order to build a well in Kenya.