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What is Dogecoin

Introduced back in December 2013 as a joke, Dogecoin has so far been a lesser-known cryptocurrency when compared with Bitcoin, Ethereum, or Litecoin. It was developed by IBM software engineer Billy Markus and Adobe engineer Jackson Palmer as a new decentralized cryptocurrency for peer-to-peer transactions.

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Dogecoin over the years.

If you had invested 1,000$ in doge in 2015 you would have got roughly 130,000$ in 2018 so that's about 30 times the value per year. Now doge has a growth of 4000 % since 2015 and it got to 9000% at the peak. This was just the beginning

How Much Is It Worth?

Like many other cryptocurrencies, there are several ways you can acquire Dogecoin. You could mine it yourself, or accept it as payment for goods and services.

The easiest method, however, is to purchase it via a cryptocurrency exchange. Typically, you’ll first need to buy dogecoin or another popular coin, then trade it for DOGE.

Why Is It On The News?

Dogecoin is used with a wallet on your computer, your smartphone, or a website.
You can use it to buy goods and services, or trade it for other currencies (both other cryptocurrencies or traditional currency like US dollars).

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