According to their colorful website,
“Dogecoin is an open source peer-to-peer digital currency, favored by Shiba Inus worldwide.”
This altcoin was originally created as a joke, referencing a meme about a funny-looking Shiba Inu dog that gained wide popularity on the internet.
Yet, since its creation, the cryptocurrency’s popularity and value has skyrocketed. A massive online community has developed over the years with many loyal fans of the coin. The community has done some incredible things with Dogecoin, from utilizing the cryptocurrency to raise funds for the Jamaican bobsled team to go to the Sochi Winter Olympics to funding a project to build a well in rural Kenya to provide access to drinking water.
Recently, Dogecoin has reached over $1 billion in capitalization….