Kyle Jacob Biodrowski Posted December 15, 2013 Share Posted December 15, 2013 DOGECOIN Due to the rising popularity of Bitcoins and Litecoins, numerous cryptocurrencies have been created. One of the newer cryptocurrencies is known as Dogecoin. Founded on HackForums.net, and based on the popular meme Doge, it is similar to other cryptocurrencies in that it can be mined, traded, stored, and bought from other users. Though it has yet to reach the popularity of BTC and LTC, I think this cryptocurrency has potential. Currently, the Dogecoin network may produce 100 billion coins. At the moment, each Dogecoin is worth $0.0001 or 10,000 coins for $1. 6% of the 100 billion coins have been produced and the total market capitalization of Dogecoin is around $900,000. There are a few exchanges that allow internet users to trade BTC or LTC for Dogecoins. The most notable exchange, at the moment, is coinedup.com. Dogecoin is still a highly volatile currency, but that hasn't stopped people from forming communities around it. Even a few Dogecoin gambling sites have emerged. To end this, I want to ask Doge's opinion about this new coin: Link to comment Share on other sites More sharing options...
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