News

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Bitcoin Briefly Dips Below $60k Following Powell’s Interest Rate Comment

BTC briefly dropped below the $60k level on Wednesday after Fed Chair Jerome Powell commented that interest rates likely won’t go down for the foreseeable future.

 Hassan Maishera

Bitcoin Rebounds Above $66k Following Massive Weekend Selloff

Bitcoin has rebounded above the $66k level after recording a massive selloff over the weekend that saw it drop below $62k for the first time in weeks.

 Hassan Maishera

Bitcoin Stabilizes Above $70k as Altcoins Experienced Mixed Performances

Bitcoin stabilized above the $70k region as the major altcoins experienced mixed performances over the last 24 hours.

 Hassan Maishera

Trade

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Bybit

N/A
4.36 based on 4555 votes

PrimeXBT

N/A
4.31 based on 2430 votes

Binance

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4.1 based on 2369 votes

Spend

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Crypto.com Visa Card

3.46 based on 751 votes

Uphold

3.2 based on 137 votes

Coinbase Card

3.04 based on 202 votes

Shop

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BC.Game

4.6 based on 5 votes

Pita Barcelona Watches

4.57 based on 14 votes

Cryptoholic Shop

4.4 based on 5 votes

Hodl

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YouHodler

3.89 based on 44 votes

Ledger Nano X

3.83 based on 47 votes

Ledger Nano S

3.77 based on 188 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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