Dogecoin (DOGE) is a blockchain based decentralized P2P (peer-to-peer) cryptocurrency enabling money transactions in a faster & more secure manner. Forked from Litecoin in 2013, this open source platform has built a huge community of followers in a very short span of time and aims to revolutionize the internet economy. Created by Billy Markus from Portland and Jackson Palmer from Sydney, the coin is used to incentivize content contributors on Twitter & Reddit. It can also be used as a wallet on a mobile phone, website or computer to buy and sell goods & services as well as to trade it for other cryptocurrencies or even traditional ones included US dollars & Euros. The popular usage is allowing fellow tipping users are also doing rounds and growing demand for the crypto. The team of duo likes to maintain its reputation as fun, friendly crypto with Doge as its mascot. The concept & logo of the company is inspired by a meme on Shiba Inu (Japanese dogs breed). The currency has many eyes on it since its inception owing to a big number of faithful supporters who can vouch for its growth.
With a market cap of 322,904,655 USD as on April 24, 2019, at 11:54:00 UTC, Dogecoin (DOGE) is ranked 26th in the top 100 cryptocurrencies list by the CoinMarketCap. The price of the coin is trading at 0.0027 USD & 0.00000048 BTC the 24 h volume is recorded at 37,983,328 USD and ROI has reached 384.98%. The circulating supply of DOGE is same as the total supply which is 119,211,125,092 DOGE. With the strong support & belief of the investors and the coin community, DOGE is expected to make it to the top 25 list soon and has the potential to climb up the coin ladder further by the end of the year.
The upward trend of 35% has been seen in the past month. As on March 25, 2019 at 05:34:00 UTC, the market cap was 244,435,177 USD, the price was 0.0020 USD & 0.00000051 BTC and 24 h volume was 16,510,708 USD. The price has peaked to 0.0040 USD in the past 30 days & 0.0029 USD in the past 7 days while the lowest was recorded at 0.0020 USD & 0.0027 USD respectively.
The growing demand & adoption of DOGE as an alternative payment method in online retail stores indicates that the coin is here to stay for longer. Hence, investing now is a good option as the price is expected to increase to 0.004 USD to 0.008 USD by the end of the year 2019. From a 2-year perspective, it is certainly over 0.01 USD as it gains trust from major players. Even the coin did not fluctuate much during the recent blow to the Cryptocurrency market and was able to maintain its momentum during hard times as well. Being independent of Bitcoin gives it an edge to last longer and remain unaffected. The faster transaction time and addition of other innovative features might just do the wonder for the coin.