Dogecoin; the History and Future of Dogecoin.
Dogecoin is a cryptocurrency that was created in 2013 and has been one of the most successful cryptocurrencies in history.
The coin has an inflationary supply of 100 billion coins, which means it’s not going to be around forever. As for the future, we’ll just have to wait and see!
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It’s named after the popular internet meme, Doge.
1. Dogecoin Was Created in 2013 as A Joke Currency
The creators of Dogecoin knew it would be a hit.
The cryptocurrency was created in 2013 as an intentionally goofy, tribute like currency for the internet age one that could laugh at itself rather than be too serious or introspective about its own value proposition
It’s easy to see how this simple joke turned into something worth over $2 billion dollars!
2. Dogecoin Became Popular Very Quickly and Soon Had a Large Following Online
In just two years, dogecoin has gone from being an obscure cryptocurrency to one of the most popular coins on earth.
The joke cryptocurrency was created as a Christmas gift for Reddit users who were tired of bitcoins’ high prices and lackluster performance; however, it soon gained traction in part because its logo is actually pretty great looking!
3. In January of 2014, One Dogecoin Was Worth $0.0005 Usd
In January of 2014, one dogecoin was worth $0.0005 USD!
The cryptocurrency has grown exponentially since then and currently sits at just under 60 million coins in total supply meaning there are more people who want them than ever before…
But not for long though because this technology is still developing so quickly that soon enough even those numbers won’t be able to keep up with its growth rate!
4. As Of July 2017, One Dogecoin Is Worth $0.0027 Usd
One dogecoin is worth $0.0027 USD as of July 2017
A few years ago, it would have been difficult to imagine a time when 1 Bitcoin could be bought with just 5 cents! And now here we are in 2018- one BTC has become its price for an entire meal eaten out at restaurants or even buying things off Amazon Prime…
But what about tomorrow? Will one dogecoin be worth $1? Only time will tell us for sure but if the past is any indicator of the future, then we’re in for a wild ride!
5. Some People Believe that Dogecoin Could Eventually Overtake Bitcoin as The Most Popular Cryptocurrency
Some people believe that Dogecoin could eventually overtake Bitcoin as the most popular cryptocurrency.
The thought process behind this is surprisingly similar to how Ethereum has been growing in value lately, with many investors betting on cryptocurrencies becoming more valuable than traditional money over time due largely because they’re anti-establishment and/or tech-savvy enough not to be trapped by old thinking patterns from before its inception (a la plaque).
This would make them desirable investments for those looking at bridging gaps between fiat currencies and digital ones!
The popularity of Dogecoin has grown exponentially since its inception and is currently worth $0.0027 USD per 1 dogecoin as of July 2017.
While there are some skeptics who believe that Bitcoin will remain the most popular cryptocurrency, others have faith in what they see happening with Ethereum lately- an anti-establishment currency that many investors are betting will become more valuable than traditional money over time.
Only time will tell us for sure which way the market will go but it’s definitely an exciting space to watch!
Thanks for reading!
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