What Is Dogecoin? What is Dogecoin, why is everyone talking about it, how did it manage to increase its value almost 10x since late January 2021, and should you buy it? Here is all you need to know.

 

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 If you have even just so much as a passing interest in the crypto world, you have probably heard about DOGECOIN ($DOGE) But what is Dogecoin, why is everyone including Elon Musk talking about it, how did it manage to increase its value almost 10x since late January 2021, and should you buy it? Well, here we’ll tell you all you need to know, so you can decide whether this is the right cryptocurrency for you.

As a joke aiming for the abundance of altcoins, he tweeted: “Investing in Dogecoin. Pretty sure it’s the next big thing,” referencing the viral meme sibha inu  His tweet got a lot of attention, and one night, as a way to keep the joke going, he purchased dogecoin.com and photoshopped a picture of the internet-famous dog onto a coin.

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Billy Markus, a software developer at IBM, saw the website and reached out to Palmer with the idea to make Dogecoin a reality, based on some of the experimentation he had already done with creating his own cryptocurrency. After a few emails back and forth, they launched Dogecoin, and the rest was history.