Dogecoin, Explained In Under 2 Minutes!
March 29, 2021
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1:52Now PlayingDogecoin, Explained In Under 2 Minutes!
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as posted by the channelWelcome back to Bold TV with David Grasso! Be sure to like, subscribe, and hit the notification bell for all things Bold.
Whats Dogecoin? Do you know what Dogecoin is? Are you asking yourself "Should I buy Dogecoin"? Is Dogecoin a good investment?
Well we’re here to break it down for you. And it originally started out as a joke. Software engineers Jackson Palmer and Billy Marcus, using the ever loving Doge meme, created this cryptocurrency as a way to poke fun at the world of digital currency, bitcoin, and alternative coins.
The joke quickly became serious when people started to use the meme coin practically. The large supply with the low price caused the currency to blow up on social media.
Dogecoin today is moving faster than other blockchains, and there’s no cap to the supply meaning it can inflate indefinitely. Dogecoin currently trades for about 4 cents, but supporters believe they can raise it to $1.
Funny enough, the co-founder and creator of the cryptocurrency doesn’t understand the movement. But, both Elon Musk and Mark Cuban think Dogecoin deserves the hype as both Elon Musk and Mark Cuban have taken to twitter to send their positive remarks toward the cryptocurrency.
What do you think? Are you asking yourself "Should I buy Dogecoin"? Is Dogecoin a good investment? Let us know in the comments below!
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