Who created dogecoin ongc share price nse

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13/02/ · Formation and History of Dogecoin Invented by software engineers Billy Markus and Jackson Palmer, Dogecoin was intended to be a joke. Dogecoin features the face of Shiba Inu dog of the “doge” meme fame as its logo and namesake. It was introduced on December 6, 10/06/ · The initial developers of Dogecoin, Billy Markus from IBM Technologies and Jackson Palmer from Adobe, created Dogecoin as an efficient yet “fun” alternative to Bitcoin. The popularity of Dogecoin spiked in less than three weeks and jumped to % in just 72 heathmagic.deted Reading Time: 6 mins. 29/05/ · Of the meme coins, Dogecoin is arguably the most popular right now. The coin was originally co-created by Billy Markus and Jackson Palmer back in , both of which are now understood to no longer be involved in the project. 15/05/ · Dogecoin might have been created as a joke but it is a household name courtesy the Shiba Inu logo and is being repped by Elon Musk on multiple occasions. Software engineers Billy Markus and Jackson Palmer created it in and recently the former revealed that they created the cryptocurrency in flat two hours and didn’t consider the impact it would have on the environment while doing so.

Dogecoin was originally created by two software engineers almost a decade ago. However, as rolled around, and COVID vaccines started to become more commonly available, Doge’s popularity soared. Now, with many hoping to help get Doge to the Moon, the meme coin continues to pique the interest of not only those new to the cryptocurrency scene, but the general crypto market as well. Bitcoin and Ether are currently two of the most popular cryptocurrencies and likely the ones many first think of when discussing the topic, but this year has seen a rise in attention surrounding meme coins.

These coins typically bank on the ability to go viral and occasionally draw on topical or popular events to make that happen. For example, both Carole Baskin and Joe Exotic have released their own meme cryptos in recent weeks. In some cases, these meme coins attract an energetic and highly-engaged community, and it is often those energy and engagement levels that help propel the coins to new levels of awareness and even investment.

Related: Is Apple Preparing To Enter The Cryptocurrency Space? Of the meme coins, Dogecoin is arguably the most popular right now. The coin was originally co-created by Billy Markus and Jackson Palmer back in , both of which are now understood to no longer be involved in the project. Almost a decade since those early Doge days and the meme coin has emerged as a major talking point in Of course, as is the case with the crypto market in general, the value of Doge has proven volatile and often dependent on other events.

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The pair of software engineers created Dogecoin to satirise the growth of altcoins by making the doge internet meme into a cryptocurrency. The incident resulted in over 30 million missing coins, according to CNET. However, this caused the currency to be the most mentioned altcoin an alternative coin to Bitcoin on Twitter TWTR at the time, generating a rise of interest in the coin.

DOGE is a derivative of Luckycoin which forked from Litecoin LTC-USD and uses a Scrypt algorithm. It has 1 minute block intervals making it faster than other blockchains. TikTok user James Galante began asking followers to buy Dogecoin in late June, claiming they could „all get rich“ by pushing its value. The official Dogecoin Twitter account addressed the trend, warning against impulsively joining the viral challenge and urging followers to „be smart.

None of them are in the spot to be financially advising,“ the account tweeted. In February Tesla TSLA founder Elon Musk also began tweeting about it. He also tweeted a Lion King meme of him holding up the dogecoin dog as if it were Simba. Other celebrities have begun tweeting about the token following the attention from Musk.

Snoop Dogg has also buoyed up the price of the joke token, as has KISS singer Gene Simmons. READ MORE: Bitcoin price drops after Turkey bans cryptocurrency payments.

who created dogecoin

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Who could have imagined that one simple joke on social media would compete right against crypto-giants like Bitcoin? Just about when cryptocurrencies like Bitcoin and Ethereum have surged over this past pandemic year, so had Dogecoin. Although its hype-level broke Twitter ceilings, especially in and — Thank you, Elon — the genesis of Dogecoin dates back to The statistics get even more unbelievable once we evaluate its growth since the beginning of this financial year.

To date, Dogecoin has witness staggering 14, percent gains in terms of value. Be sure to check out the last article where we discussed blockchain and its applications. Another group, on the internet chatroom Reddit, constantly posted with SaveDogemas hashtag following its first market crash three days later. Following this event, Dogecoin was started being used as an entertaining tipping system on Reddit and Twitter, rewarding quality content.

His social media comments on Dogecoin have occasionally launched it to record-high prices, and his posts also helped drive retail investor interests. Mark Cuban, Snoop Dog, and Gene Simmons have also publicly promoted Dogecoin, and even Slim Jim is joining the rally. Similar trends on other platforms such as TikTok surfaced as well.

who created dogecoin

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The value of Dogecoin, a cryptocurrency, has skyrocketed after becoming the target of Reddit traders. I get to tell people that I created Dogecoin, which is fun. Dogecoin has the image of a Shuba Inu dog as its logo and it has been marketed as the „fun“ version of bitcoin. Two weeks after its launch, the value of it jumped percent after China banned banks from investing in cryptocurrencies, according to Investopedia.

Dogecoin then skyrocketed alongside other cryptos during the bubble that peaked in , and it fell with the rest of them over THE Financial Conduct Authority FCA has warned people about the risks of investing in cryptocurrencies. Jump directly to the content The Sun, A News UK Company Close. Sign in. UK Edition US Edition Scottish Sun Irish Sun Sun Bingo Dream Team.

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Subscriber Account active since. The digital currency based on a meme — Dogecoin — has continued to capture public attention as Tesla CEO Elon Musk and rapper Snoop Dogg sent out a flurry of tweets over the weekend, driving up the price of the meme-currency. The digital currency now ranks as one of the top 10 digital coins by market value, according to CoinMarketCap.

Musk tweeted out an instructional YouTube video on Dogecoin on Sunday, while Snoop Dogg uploaded a picture of the dog that inspired Dogecoin with the caption “ elonmusk. Musk has been actively tweeting about the currency since its copycat rally to GameStop. Dogecoin’s recent popularity is not the first time the unusual digital currency has captured the spotlight. Dogecoin started in as a joke between two engineers. IBM software engineer Billy Markus and Adobe software engineer Jackson Palmer had never even met when they successfully combined two of ’s greatest phenomena: Bitcoin, and „doge.

Dogecoin was a product that people started using as soon as it was released, much to the two engineers‘ surprise. Over a million unique visitors went to dogecoin. The doge meme that gained popularity in featured an image of a Shiba Inu dog with Comic Sans thought bubbles spouting out of it with near monosyllabic ideas. The meme could be used to express anything from jokes about naps, early mornings, diets — even space exploration.

Before the product was released, Palmer, who’d been following developments in the cryptocurrency world, absentmindedly tweeted, „Investing in Dogecoin, pretty sure it’s the next big thing. Read more: 4 heavyweight investing firms answer the 5 most burning bitcoin questions facing investors as the cryptocurrency sees unprecedented volatility.

who created dogecoin

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What Happened: Jackson Palmer, who created Dogecoin CRYPTO: DOGE alongside Billy Markus in , took aim at the crypto industry in a series of tweets on Wednesday. Read also: Dogecoin Creator Reflects On Why He Put Money In His Savings Account And Not DOGE. Diversify your crypto portfolio. Click here , or sign up for our newsletter to explore more of Benzinga’s Cryptocurrency market coverage, in-depth coin analysis, data, and reporting.

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Historically, x-amount of time after BTC rallies, people who missed out want to get in early with something else, so alts rally. According to him, the same scenario played out in both and when prices experienced a similar trajectory. Who knows, maybe things will be different and another rally will come sooner for whatever reason. I sold in Read also: Diamond Hands? Famed Dogecoin Investor Says Not Selling Despite Losing Millionaire Status. Sharing an update after hours, Markus joked that he was having a hard time concentrating and was constantly looking at charts and his phone.

See Also: How To Buy Dogecoin DOGE or How to Short Dogecoin. Diversify your crypto portfolio. Click here , or sign up for our newsletter to explore more of Benzinga’s Cryptocurrency market coverage, in-depth coin analysis, data, and reporting. Benzinga does not provide investment advice. All rights reserved. Contribute My account My Account Log In Forgot Password.

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24/04/ · To comment on these fake crypto coins, Billy Markus and Jackson Palmer created Dogecoin (DOGE). Aside from being a joke named after the Shiba Inu dog memes from that era, Doge became a faster alternative to Bitcoin. Dogecoin is a form of digital currency that allows peer-to-peer transactions using a decentralized network. 17/04/ · The pair of software engineers created Dogecoin to satirise the growth of altcoins by making the doge internet meme into a cryptocurrency. On Christmas Day in , millions of Dogecoins (worth Author: Latoya Harding.

Here at Changelly , we treat Dogecoin DOGE cryptocurrency with respect, as DOGE is the perfect example of what can be achieved if a cryptocurrency has strong community support. Dogecoin was designed using the codebase of Litecoin and its development was aimed at providing an alternative to Bitcoin. Its most distinct feature, however, is its mascot. Dogecoin was just a little changed when developed as a fork of Litecoin.

New blocks in the DOGE blockchain are created faster than in Litecoin — 1 minute against 2. The most distinct change happened in the brand and it became a driving force behind its popularity. The fun image of the crypto helped the coin to get attention in various social media. The coin turned famous even outside of the community of blockchain technology fans. For around three years the coin was famous but not actively traded and there were no rapid price movements either.

Several charity programs and friendly DOGE community helped the coin to get the trust of the community. The coin grew its user base with the help of the Reddit community and other social platforms. Doge price dropped significantly, and its market cap has also left its high point. It is also pretty popular crypto since Elon Musk is encouraging users to buy it and send it to the moon.

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