What is Dogecoin? Why this cryptocurrency is in discussion…

People's trend in cryptocurrency is increasing rapidly. Investors here invest with heavy risk. There is a greater chance of profit in this, as much as there is a possibility of loss. The specialty of cryptocurrency is that it is not concentrated in the hands of any government, institution, or individual.

What is Dogecoin? Why this cryptocurrency is in discussion…

In cryptocurrency, the most interesting bit of people is in bitcoin. After the recent investment by Elon Musk, everyone's eyes have been on Dog Coin. It is considered the fourth most popular currency in the world of cryptocurrency.

What is Dogecoin: Dog Coin is a cryptocurrency. It was started in 2013 by Billy Marcus and Jackson Palmer, two software engineers at IBM, a leading software company. Initially, it was considered a joke on cryptocurrency but gradually it started to grow in popularity. The number of bitcoins cannot exceed 21 million whereas there are already more than 100 billion Dogecoin in the market.

What is the relationship between Dogecoin and Elon Musk: Elon Musk, one of the richest people in the world, has shown interest in Dogecoin many times. If seen, the credit for its price rise goes to Musk. Not only this, Elon Musk has even once described himself as the former CEO of Dogecoin in his Twitter profile.

On 15 April, Musk tweeted that Doge barking on the moon. Many people questioned how to buy Doge?

According to data available on the Coingeco website, the price of Dogecoin was around 3.8 cents on February 1, which now reached 66 cents on May 5.

In this way, if someone had invested $ 100 in Dogecoin at the beginning of February, the value of that investment would have been $ 1700 now. 11 days ago on 8 May 2021, it saw its peak at $ 0.731578. It has a market cap of over $ 53 billion.

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