Created by Billy Markus and Jackson Palmer in 2013, Dogecoin went from a fun little joke to "the people's currency" within a few years. Inspired by an internet meme of a Shiba Inu dog, it quickly gained popularity due to its low transaction fees and fast block times.
In the past few years it has experienced tremendous growth, reaching an all-time-high(ATH) price of $0.7376 in May of 2021 and market cap surging from around $20 million at the beginning of 2017 to over $85 billion at its peak.
Read the full Dogecoin storyGetting your hands on your very own Dogecoin can seem like a mystifying task, especially if you're new to Cryptocurrency. Read our no-nonsense guide to buying and securing your own Dogecoin.
Read moreYou've purchased some Dogecoin. What's next? You want to keep it safe. But how safe? Can you trust the exchanges or do you need your own digital or hardware wallet?
Read moreHow difficult is Dogecoin mining? What hardware and software do you need to start? Is it still profitable in 2023? We answer all of these questions and more.
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Dogecoin is typically pronounced as "dohj-coin." It is a portmanteau of the words "dog" and "coin," and the pronunciation is based on the "dog" part. The "e" at the end of "doge" is silent, so it sounds like "dohj" with a soft "j" sound.
The name "Dogecoin" is often associated with the Shiba Inu dog from the "Doge" internet meme, which features a picture of the Shiba Inu along with captions written in Comic Sans font and broken English. The use of this meme in the cryptocurrency's branding contributes to the pronunciation as "dohj-coin."
Cryptocurrency markets can be highly volatile, and the status of specific cryptocurrencies can change rapidly. The perception of whether Dogecoin is "dead" or not can vary depending on individual opinions and market conditions.
Buying Dogecoin on eToro is as simple as opening an eToro account, adding funds, searching for "Dogecoin", and placing an order.