(CNN) – Dogecoin is the most popular and peculiar cryptocurrency of the planet.
The total value of the dogecoin in circulation is more than US $ 53,000 million, which is not for a digital currency that starts with a boom.
Dogecoin is the most valuable cryptocurrency of the market, according to CoinMarketCap, has increased its market by more than 6000% this year.
The price of a dogecoin is newly duplicated by the foursome that Tesla CEO Elon Musk tutored with respect to the other. Dogecoin demand disappears this week as it briefly shuts down Robinhood’s cryptocurrency trading system.
What is dogecoin?
Like all cryptocurrencies, dogecoin is a digital currency that can be bought and sold as an inversion and hosted as money.
Although each cryptocurrency is unique, dogecoin compares some similarities with its most known partners (its code is based on the guarantor of litecoin, for example). But it has a key difference key.
Bitcoin difference, which is 21 million times the amount of money available in the market, dogecoin has 129,000 million coins in circulation and will continue to provide new blocks of money for every year. It is part of the reason why a dogecoin is currently valued at just under 40 cents a dollar and a bitcoin is worth US $ 62,000.
Although cryptocurrencies are widely accepted as a currency to buy well, dogecoin does not have much use in the real world. It has some market niches, like giving props to artists online.
You are the most important difference –su active community online– is what makes this extra moneda sea tan divertida. The group, active in Reddit, raised money (in dogecoin, by supuesto) for charitable reasons, and in 2014 financed with a patronage for Nascar pilot Josh Wise to announce dogecoin in his car.
“Dogecoin is not just an alternative deflationary numerical tool, it is an oceanic exploration of the construction of communities in a cryptocurrency”, writes Usman Chohan, economist at the School of Negotiations at the University of the New Galilee of the South, in an article updated in February on digital currency.
How come empezó?
Dogecoin was created with a twist on December 6, 2013 by a software engineer.
Billy Markus, an IBM programmer from Portland, Oregon, proposed to differentiate his cryptocurrency from bitcoin, which has been impregnated with mystery thanks to his anonymous creator who is currently attracting a small group of miners. Markus wants his script to be opened to the masses, says Chohan.
Markus was looking for help to make his reality extra and meet Jackson Palmer, who works for Adobe. Palmer consists of dominio dogecoin.com, un guiño al meme «doge» created by the internet and the present moment.
The web site has a guinea pig with its bromine origins in the superior part: its mascot Shiba Inu is the first image of the page, imitating the meme in which it is inspired, which presents in the same way a rodeo text in Comic Sans en Engels mal escrito.
In dogecoin.com, his mascot has a headline: “Dogecoin is a digital currency between pairs of codes that is favored by Shiba Inus worldwide.”
Why is repentance so popular?
Dogecoin ya no es una broma. Its popularity has disappeared – from this astronomical form this year – due to the generalized adoption of bitcoin and other cryptocurrencies.
Pero Elon Musk is the most notorious and detached part of dogecoin. One of its 50 million followers can make the cryptocurrency available. This is what the fours were doing, when Musk tweeted “Doge loading the moon” and shared a photo of a Spanish artist’s teammate Joan Miró, titled “Perro loading the moon”.
Daughter barking at the moon pic.twitter.com/QFB81D7zOL
– Elon Musk (@elonmusk) 15 April 2021
Dogecoin has also enjoyed a cult status on Reddit, a very popular group – not very different from the WallStreetBets group – since the beginning of GameStop – decided on the principles of this to boost its value “in the moon.” Dogecoin is up to 600% up for grabs.
If it is not an intelligent inversion that follows a question. Bitcoin, which is being negotiated more actively and is being accepted, is subject to extreme volatility, which is why dogecoin should also be demoralized without prior notice. But his ascension this year has been impressive.
Who has not benefited from the merciful redemption of the money is Markus, who sold all his dog money when it was shipped in 2015. The money was used to buy a Honda Civic.