Dogecoin started in 2013 as a joke. Its installations, Billy Marcos and Jackson Palmer, used the famous Mim Sheba Eno for its logo. Unlike Bitcoin, which has limited supplies, Dogecoin is abundant. Every minute, 10,000 new coins are extracted, and there is no maximum. Initially, people saw it just a fun internet. But in 2021, everything changed. The value of Dogecoin was launched, and it became one of the ten best encoded currencies. The total value has passed by more than $ 50 billion. This increase was driven by social media time and support for people like Elon Musk.
So, what is the future of Dogecoin? Her friendly image and strong society makes it stand out. While other coins focus on complex technology, Dogecoin keeps things simple. Its abundance means that it is great for small transactions and online transformation. On the current market, some investors see the capabilities of their widely used. Others have warned because of its fun beginnings and an unlimited offer. Compared to metal currencies such as Bitcoin and Ethereum, Dogecoin does not have large technical updates. But her popularity shows the strength of society. With the development of the world of encryption, Dogecoin is still an interesting player to see it.
