Dogecoin Price - DOGE/USD : $0.40374

Dogecoin is one of the most popular cryptocurrencies. Based on the famous Shibu Inu “doge” meme, the world’s first meme coin is easily recognised, even by those outside the crypto space. Dogecoin’s unexpected rise to fame catapulted it into the top ten digital currencies by market cap. It can be used as a form of payment in the real world and online with businesses that accept Dogecoin.

The native cryptocurrency of the Dogecoin network is DOGE. Its supply is designed to go up to encourage people to spend it and avoid hoarding. DOGE is highly used for online transactions and is the most frequently traded cryptocurrency. You can purchase DOGE on many cryptocurrency trading platforms, including Independent Reserve, the trusted exchange.

A fun and light-hearted cryptocurrency

Dogecoin is different from other cryptocurrencies. Its developers never imagined that it would ever be taken seriously. Therefore, it does not even have a whitepaper, as many other crypto projects do. Dogecoin’s light-hearted nature makes it an accessible and beginner-friendly option for those intimidated by the complexities of the crypto market. Its loveable appeal has helped DOGE gain a large following and become a widely adopted digital asset. The Dogecoin community has a loyal user base who call themselves the “DogeArmy”.

Dogecoin is also known for its unique supply. When it started, it had a hard cap of 100 billion. The founders decided to remove the supply limit, creating an incentive to keep spending DOGE. In turn, Dogecoin didn’t see the same growth in value as Bitcoin, although its price has remained somewhat consistent.