- Dogecoin was created by IBM software engineer Billy Markus from Portland, Oregon and Adobe software engineer Jackson Palmer,
- Guiding principle was to create a peer-to-peer digital currency that could reach a broader demographic than Bitcoin.
At the time of writing, dogecoin has shaved off almost 40% of its value from its previous high of $0.74. Is this correction an opportunity or the end? What do the charts say about Dogecoin?
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Jokes aside, while multiple catalysts have allowed for this altcoin to increase by almost 15X in just over 100 days, does dogecoin still have room to grow and what do the charts tell us about its current growth trajectory?
In this article, we’ll be focusing on the fundamental aspects of dogecoin, how I see it now and how I think it will perform in the future.
What is Dogecoin?
At this most basic level, here is a quick summary of dogecoin since its inception.