Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Meme Coins => Dogecoin Forum => Topic started by: Sonjoy on May 05, 2021, 01:33:12 PM
-
Cryptocurrency, also known as virtual currency or digital currency, took the world by storm in 2017. Four years later, we're seeing bitcoin reaching record highs – before stumbling back down over the weekend.
Beyond all the hype around digital currencies, are they a good investment? Thatdepends on your tolerance for risk when building your portfolio and your long-term investment goals.We can start by learning more about what you're looking to invest in.
We'd like to tailor our coverage around what you want to know to make the best financial decisions. You can ask your cryptocurrency questions here or go to the form at the end of this page.
What is Dogecoin?
The "memecoin" was created in 2013 as a joke poking fun at the surge in digital coins such as bitcoin, says cryptocurrency news site Coindesk. Dogecoin was inspired by the popular Doge meme, which offers the image of a Shiba Inu staring sideways at the camera with raised eyebrows, according to the website Know Your Meme.
Dogecoin has skyrocketed by more than 5,000% since the start of the year. Its market value is $51 billion, according to CoinGecko, a cryptomarket data site. That's more than the market capitalization of auto giant Ford, which sits at nearly $48 billion.
More info: https://www.usatoday.com/story/money/investing/2021/04/20/cryptocurrency-bitcoin-dogecoin-blockchain-explained/7290955002/