What is Dogecoin?
Cryptocurrency seems to be the new shiny object every investor is chasing nowadays. So what is it? Cryptocurrency comes from the word ‘crypto’ and ‘currency’.
Like most currencies used, cryptocurrencies also store value. It's popularity soared as it acts as a hedge against depreciation due to the FED continuous printing of money.
However, cryptocurrencies are de-centralised and not regulated. It relies on encryption technology and verification to make transfers.
Dogecoin is currently the fourth largest cryptocurrency that started as a joke. It was created in 2013 to poke fun at cryptocurrency bitcoin.
It has remained a meme, a funny internet currency but things changed when Elon Musk repeatedly tweeted about cryptocurrency. Dogecoin has gain serious momentum and it is up 9,765.55% Year to Date (YTD)
Who is dogecoin millionaire
I am sure many came across the viral video of a Los Angeles resident Glauber Contessoto becoming a millionaire two month after investing into dogecoin....