Dogecoin is the new cryptocurrency that is on top. The term Cryptocurrency is not new to us, for some years we have heard about Bitcoin and other cryptocurrencies that have remained in the past.
We know that Bitcoin, during the last months has had an accelerated growth, where the financiers take it into account again. Such is the case of Elon Musk who invested “1,500 million dollars” and days later the value of Bitcoin soared to 43,000 dollars after the news of the owner of Tesla was known.
What is and when was the Dogecoin born?
Like Bitcoin, Dogecoin is a cryptocurrency, with the difference that it was born just for fun. The cryptocurrency was created by Billy Markus, who was at the time an engineer for the IMB company.
The programmer was in charge of creating a cryptocurrency based on the Shiba Inu (Doge) meme, which is now the image with which the Dogecoin is illustrated.
It should be noted that Dogecoin, was born in 2013 when Bitcoin was going through a bad streak where it. Was accused of being involved in transactions with the black market.
Now, you wonder where the popularity comes from these last days. And it is all thanks to the support of different personalities such as Elon Musk, singer Gene Simmons and Snoop Dog, have spoken of the value of cryptocurrency.
However, Musk retracted saying that: “If the main holders of dogecoin sell their cryptocurrencies, they will get my full support,” Musk wrote on Twitter this Sunday, adding that”. The only problem there is excessive concentration.” Since then, Dogecoin has suffered a 34% crash.
Now we ask ourselves, will it become the competition of Bitcoin? or How safe can it be? If you want to know more about this and other topics, be sure to visit our blog: #WeBlogIt
