News

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Bitcoin Hits a New All-time High of $75k, DOGE Flips XRP

Bitcoin has hit a new all-time high price of $75,011 after rallying by 9% in the last 24 hours as DOGE overtakes XRP to become the seventh-largest crypto by market cap.

 Hassan Maishera

BTC Stays Below $69k as Mt. Gox Moves $2.2B Worth of Bitcoin to Unmarked Wallets

Bitcoin is down by less than 1% in the last 24 hours as Mt. Gox moved over $2.2 billion worth of bitcoins on Monday.

 Hassan Maishera

Bitcoin Slips Below $70k as Altcoins Record Huge Losses

Bitcoin is trading below $70k after failing to surpass the $73,750 all-time high price, with Ether and other altcoins also underperforming.

 Hassan Maishera

Trade

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Bybit

N/A
4.36 based on 4582 votes

PrimeXBT

N/A
4.31 based on 2453 votes

Binance

N/A
4.1 based on 2400 votes

Spend

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Crypto.com Visa Card

3.46 based on 781 votes

Uphold

3.23 based on 141 votes

Coinbase Card

3.11 based on 211 votes

Shop

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BC.Game

4.71 based on 7 votes

CryptoGames

4.46 based on 13 votes

1xBit

4.39 based on 18 votes

Hodl

Find the wallet that suit your security, ease of use and anonymity needs for Dogecoin.

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YouHodler

3.94 based on 49 votes

Ledger Nano X

3.88 based on 50 votes

Ledger Nano S

3.79 based on 190 votes

Review

Learn more about Dogecoin.

When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This is a review of Dogecoin.

Blockchain and cryptocurrencies are pushing the boundaries of what the current financial paradigm regard as “normal”. Many of the projects are stemmed from an aspect or complex of problems they want to change or override. Be it convenience, safety, security or privacy, cryptos have an area of application virtually anywhere. Therein lies the comparative advantage against the current fiscal system that fiat currencies are meant for. Even large corporations, banks, international organizations and governments are now advocating for crypto adoption and claim it to be “the future of money”. So, as alternative cryptocurrencies started emerging after bitcoin, one must make a deep-dive analysis as to which projects are here to stay and which will not.

Dogecoin, for example, started out as a joke, and has been up and down on the top 50 biggest cryptocurrency market caps for the last 3 years. Initially developed by Billy Markus as a fun currency named after the doge of a Shiba Inu, he had no idea that this currency would last in the cryptocurrency scape.

Dogecoin stems from Luckycoin, built on the Litecoin platform. It uses the Scrypt algorithm, to validate a PoW (proof-of-work) mining protocol. There isn’t any real technical use-case for Dogecoin. It is more based on the effect of virality of memes and other internet crazes and gives that “uncapitalized” aspect of the modern internet a currency. Initially, the community dubbed themselves “shibes” and mainly used it for tipping and granting “fun” comments, pictures and projects money. Millions of DOGE circulated for “tipping” in social media outlets like Reddit, Twitter or Imgur.

Many followers gave up on DOGE due to the low value. However, the culture and community can be deemed as resilient. If you are new to the world of virtual currencies, Dogecoin might be a fun thing. But if you are serious and want to invest in this environment for the solutions it offers, best look elsewhere.

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