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What is DogeCoin || Difference between Dogecoin and Bitcoin || Innocent Amit

Hello Friends how are you i hope you are fine Friends,Today i m going to talk about Dogecoin.Yes you are correct about DogeCoin Most popular cryptocurrency now days. Every country's currency is different and its own name and value are also kept according to the country. For example, the currency that is used for transactions in India is called Rupee. In the US, the currency is in Dollar and in UK the currency is in pound, in the same way, the currency of different country is different, similarly in the Internet there is also a currency that is used for online transactions.So today i will covers all topics in this article.

What is DogeCoin || Difference between Dogecoin and Bitcoin

What is DogeCoin? Dogecoin was started as a joke, but who knew that it would become so important in the crypto world. Elon Musk tweeted a YouTube video on Dogecoin, while Snoop dog uploaded a photo of the dog inspired Dogecoin with elonmusk caption and later became very popular on online social media.

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What is dogecoin

Dogecoin is a cryptocurrency created by IBM software engineers Billy Markus and Jackson Palmer. Dogecoin was started as a joke. But who knew that it would become so much more popular in the crypto world. | Dogecoin is a peer-to-peer digital currency with which you can easily send and receive money online.


And the discussion started when Elon Musk tweeted a YouTube video on Dogecoin. Snoop dog then uploaded a photo of the dog in which Dogecoin was seen linking it with elonmusk "caption" and later it became very viral on online social media. to the moon Elon Musk gave this slogan to Dogecoin.



When did Dogecoin begin?

It started on 6 December 2013 by software engineer Billy Markus and Adobe software engineer Jackson Palmer. It was adopted very quickly on the internet because it came into discussion very quickly due to Elon Musk's tweet. The dog coin started only as a joke, even the people who made it did not know that it would become very popular.



What is the relationship between Dogecoin and Elon Musk?

Interestingly, Elon Musk, who has exposed Dogecoin to the world, has been one of the supporters of bitcoin. Last week, he tweeted, "Bitcoin is a good thing." He also changed his Twitter bio to "#bitcoin". Elon Musk has given information about this cryptocurrency many times through his tweets. He mentioned it in December 2020, after which he also told about it in 2021 via tweet that he has purchased Dogecoin for his son. .

What does DOGE mean in Dogecoin?

Dogecoin (DOGE) is a peer-to-peer, open source cryptocurrency. It is considered an altcoin and meme coin. Dogecoin's logo has a picture of a Sheeba Inu dog. It was very popular on the internet in 2010. It is a Japanese breed dog shot to fame as an internet meme and features Dog Crypto.

What is the difference between Dogecoin and Bitcoin?

Both Dogecoin and Bitcoin are Cryptocurrency but due to Elon Musk's tweet, Dogecoin has become more popular than Bitcoin. Of course it has become quite famous, but even today people like to invest in bitcoin more. At one time the price of bitcoin was very low but in today's time its price has reached in millions. One difference between bitcoin and dog coin is that the supply of bitcoin is limited while the supply of dog coin is not fixed. Because of which their rate of dog coin is not so high right now.

Future price of dogecoin

Predicting Dogecoin cryptocurrency is really very difficult. Dogecoin is currently selling for Rs 36.69 on the day of article published and price may change after published the article ($ 0.50). Which have been increasing by only 17% in the last 24 hours. However, it is much lower than Bitcoin. There is speculation that the price of Dogecoin will soon touch $ 1.

Is there a bill for cryptocurrency in India?

Right now the Government of India is thinking about Cryptocurrency, at this time the Government of India has not made any kind of bill for this but maybe after some time a bill can be made for it. From time to time, the Indian government keeps offering its views about cryptocurrencies, but those who invest in crypto are not yet clear about the policies of the Indian government. Although the Government of India did not make any wish, but maybe 2021, the Government of India should bring a new law on it.

 

Note- This information is based on internet research and i m not sure that it is 100% correct. 


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InnocentAmit

Innocent Amit

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