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Do you know how it started $DOGE
Doge is a cryptocurrency that began as a "joke" in 2013, inspired by the famous "Doge" meme depicting a dog of the breed $SHIB
Origin and History
Launch date: December 2013 by Billy Markus (software developer) and Jackson Palmer (engineer at Adobe)
The core idea: It was a satirical joke on the cryptocurrency craze, created to be a fun alternative to serious cryptocurrencies like Bitcoin but evolved into a cultural phenomenon
It reached an all-time high of about $0.73 in May 2021 thanks to Elon Musk's support.
Its value depends on demand, the market, and general sentiment
The technology behind Doge:
Blockchain: Based on Litecoin (a modified version of Bitcoin's code)
Mining algorithm: Scrypt (like Litecoin), making it faster than Bitcoin $BTC
Market fluctuations and major events
2021: The price of DOGE surged by 12,000% due to the meme coin hype and Musk's tweets
Risks: Its price heavily depends on social trends and not necessarily on technology