Dogecoin - A Meme Cryptocurrency

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Dogecoin - A Meme Cryptocurrency

In this short blog we will be taking a look at the famous meme cryptocurrency the Dogecoin. We will also look at some interesting facts followed by the comparison with the bitcoin and at the last we have a look at most famous word in the crypto world which is " HODL".


Doge is an Internet meme that became popular back in 2013. The meme typically consists of a picture of a " Shiba Inu " dog accompanied by multicolored text in Comic Sans font in the foreground. The text represents a kind of internal monologue and is deliberately written in a form of broken English .



After the meme , the coin was created by Billy Markus and Jackson Palmer just to make cryptocurrency a bit fun and interesting . The Doge Coin was not that popular back in that time but in 2021 it blew up .

Dogecoin on Moon !

"Dogecoin on Moon" is a slang in the cryptocurrency community to express the hype train building around this any cryptocurrency .


Dogecoin is also said to be the perfect entry level coin for any cryptocurrency enthusiast as it has a very low transaction price , fast transactions and also a very cool community .

Some interesting things about Dogecoin

  • Billy Markus, Dogecoin’s co-founder, goes by the nickname ‘Shibetoshi Nakamoto’. (Just a nickname given by the community)
  • Dogecoin also has an unlimited supply to keep the price relatively stable.
  • Dogecoin community is one of the coolest communities around the crypto world .
  • Dogecoin is known for its fast transactions and low transaction fees .
  • Doge spelled backwards is E-God ! 
  • The Dogecoin Community raised more than $25,000 (₹18,13,025) in Dogecoin to help send the cash-strapped Jamaican bobsled team to the 2014 Olympics. They also teamed up with a water charity to raise thousands to improve clean water access in Kenya.
  • Dogecoin is used in reddit tipping .

Elon Musk - The Doge God 

Elon Musk played an integral part of taking the Dogecoin to the moon . His hilarious tweets are one of the main reasons for the price rise of Dogecoin which is almost magical. Elon Musk has so much impact on the crypto community that if he tweets about any crypto you better be buying it as it is going to the moon for sure .  

This was the first tweet by Elon on Dogecoin

People's Crypto

Only Doge

Doge on Moon - The Lion King 

Song - Who Let The Dogs Out 

The People have spoken

 Snoop Dogg and Gene Simmons join the party


Bitcoin VS Dogecoin 

Although Bitcoin and Dogecoin work on the blockchain technology , there are a lot of difference in these two coins . 


Bitcoin was the first ever cryptocurrency and was followed by the other alt coins like Ethereum and Dogecoin . Bitcoin is a very serious cryptocurrency which involves a huge amount of money, time and risk but on the other hand we have Dogecoin which is a fun cryptocurrency made up on a meme which involves a pinch of humor to the serious cryptocurrency world and this factor makes Dogecoin very special.

HODL

Hodl is slang in the cryptocurrency community for holding a cryptocurrency rather than selling it. As the experts say " No one knows what could happen in the future , so JUST HODL IT ! " . 


A person who does this is known as a "Hodler". It originated in a December 2013 post on the Bitcoin Forum message board by an apparently inebriated user who posted with a typo in the subject, "I AM HODLING." And also it is suggested to Hodl some Dogecoin too ! 

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