Skip to main content

Dogecoin Joke is Over as Super Spike Strikes, Raising Crypto Fad

Dogecoin started as a fun, when engineers Billy Markus and Jackson palmer crafted a joke out of Bitcoin, into becoming a popular crypto-enterprise. The cryptocurrency was drafted from the ‘Doge’ meme in 2013.  In reality many people have made huge amounts of money from buying Dogecoin.

The cryptocurrency, which started as a pun, has gone the extra mile, against all the uncertainties to surge up to the total market value of $45 billion on Friday. The price has shocked the digital market in the recent times after it shot up by a whopping 300% increase in price.

The meme depicts a Shiba Inu dog in conjunction with ridiculous phrases in variegated rib-tickling Sans-font text. On Friday, each of the cryptocurrency token surged to a record value of 43 cents. Its value was 5 Cents in March.

The value of Dogecoin shot up days after Coinbase went public.  Coinbase was listed on the NASDAQ on Wednesday. By then the value of Bitcoin had superseded $64,000. Cryptocurrency is gaining traction, as world billionaires such as Elon Musk and Jack Dorsey are considering it as a worthy venture.

The combination of online posters, Musk’s tweets and Reddit are the major cause for the increased price of Dogecoin.

On April 16, 2021 Elon Musk, the undisputable world’s richest man, tweeted: “Doge Barking on the Moon.” Musk has always referred dogecoin has his favorite cryptocurrency. In February, he regarded it as “The People’s Crypto.”

What is Dogecoin

Dogecoin is an open source peer-to-peer cryptocurrency that is globally favored by shibas. It is a form of digital money that functions almost like bitcoin. 

Digecoin is a derivative of Luckcoin which pronged from Litecoin and makes use of Scrypt algorithm. It is the fastest of all other forms of blockchain technology because of its 1 minute block interval. According to Dogecoin, the supply of the coins has no cap and can bloat infinitely.

Why Dogecoin is Cheap?

Dogecoin is cheap because of the amount of the coins in circulation. The chain of supply is great and more than 20 million coins have been mined. According to Coinwartz about 99 Dogecoin can be mined within a day.

Dogecoin mining cannot make one rich within a fortnight, but it is fast gaining traction and might be a great venture to invest in.

Labels:

Comments

Post a Comment

Popular posts from this blog

Kenyans surprised over UDA's 'Voters Repair' remarks for President Ruto 2027 reelection

 Kenyans are reacting strongly to remarks by some UDA leaders that many interpret as hints at election manipulation ("ukarabati ya kura" / "voters repair") ahead of the 2027 presidential election. What Happened On or around May 23, 2026, NTV Kenya and other outlets aired footage from a UDA meeting at Kakamega Deputy Governor Ayub Savula's home.  Leaders including Savula and MP Charles Gimose reportedly used phrases like "tutafanya ukarabati ya kura" (we will repair/do maintenance on the votes).  Some comments referenced high victory margins in places like Tanzania under Samia Suluhu or Museveni-style wins. This has been widely seen as implying plans to "fix" or pad results in favor of President William Ruto's reelection, rather than a literal call for better voter registration or system maintenance. Public Reaction 1. Surprise and outrage: Many Kenyans on X and social media expressed shock, viewing it as arrogant or desperate signaling am...
Post a Comment
Read more

How to commercialize your prototype innovation in Kenya

Commercializing a prototype in Kenya involves transforming your innovation from a proof-of-concept stage into a marketable product or service that generates revenue. This process requires protecting your intellectual property (IP), validating market demand, securing funding, and selecting the right business model.  Kenya has a supportive ecosystem with government agencies, grants, and innovation hubs to help.  Below is a step-by-step guide based on established practices and resources. 1. Protect Your Intellectual Property (IP) Before commercialization, safeguard your innovation to prevent copying. In Kenya, IP protection is handled by the Kenya Industrial Property Institute (KIPI). Register your IP : File for patents, trademarks, copyrights, or industrial designs. Patents are crucial for inventions and provide a 20-year monopoly.  Start with a patent search to ensure novelty, then apply via KIPI's online portal. Costs range from KSh 3,000–50,000 depending on the type. Why...
Post a Comment
Read more

Important steps to be taken when buying Land in Kenya

  Land is a vital asset and acquiring it requires utmost caution to avoid finding yourself in a protracted, unending legal battle. As Kenya's economy bites, there has been increased cases of land fraud.  Land disputes have been so rampant, hence the need for advocacy of future land buyers to be cautious when undertaking land transfer processes. Factors to consider when purchasing land in Kenya 1. Do a land search at the ministry of lands. This enables you to confirm the real owner of the land and know whether it has any legal dispute, loan or unpaid tax. 2. Site visit: Make sure you see the land physically and confirm its boundaries. 3. Land verification: Verify the authenticity of the property at the land registry and confirm if it is freehold, leasehold or communal. 4. Sale agreement: Engage a lawyer and a surveyor for legally sound transaction. 5. Land transfer: Make sure the original titledeed is transferred from the name of the seller to your name. 6. Register your land w...
Post a Comment
Read more