Dogecoin (DOGE) is based on the popular "doge" Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin's creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.
Spacex and Tesla CEO Elon Musk has once again tweeted in support of dogecoin . He wants the crypto exchange Coinbase to list the cryptocurrency and says he will get a Shiba Inu, the dog breed featured as the face of dogecoin . Meanwhile, the coin’s adoption is growing, advocated by celebrities like Mark Cuban.
Dogecoin adoption has been boosted by Musk’s various tweets and support by celebrities, such as Tank star Mark Cuban. Bitpay recently added DOGE to its list of supported cryptocurrencies and a growing number of crypto ATMs now support dogecoin .
Cuban’s NBA team, the Dallas Mavericks, has been accepting dogecoin for tickets and merchandise through Bitpay. On March 6, he tweeted:
The Dallas Mavericks have done more than 20,000 dogecoin in transactions, making us the largest dogecoin merchant in the world.
“We thank all of you and can only say that if we sell another 6,556,000,000 dogecoin worth of Mavs merch, dogecoin will definitely hit $1,” he added. At the time of writing, the price of DOGE is below $0.06.
Reasons of trade:
Well as you can see I do like trading old-school coins since I've been raised with them since 2012.
And for sure DOGE is one of my favs, and the first one to get a mining rig on. I only wish I've kept all mined coins back then.
Current closed trades (with success!):
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What’s interesting is that $5.5 Billion worth of transactions on the DOGE coin network were large value transactions, and DOGE whales have made these movements in the past week.