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January 29, 2021

What Is Dogecoin & When Is It Going To The Moon? ?? Meme Stocks Unprecedented Rise

TheQuartering [1/29/2021]

I can’t say I’m surprised. I always knew the meme market would find it’s day! Congrats to the memers who are making money.

Dogecoin emerged in 2013 as a joke. It was created by Jackson Palmer and Billy Markus to satirize the growth of altcoins by making the doge internet meme into a cryptocurrency. While it was birthed as a joke, it actually led to some practicality as it’s large supply and low price facilitated efficient micro-tipping content on social media. It is a derivative of Luckycoin which forked from Litecoin and uses a Scrypt algorithm. Dogecoin has 1 minute block intervals making it faster than other blockchains. There is no cap to the supply of coins and thus the coin can inflate infinitely.

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