The blockchain technology has undoubtedly given birth to a number of domains. One of the domains is cryptocurrencies, apart from finding its applications in many other field such as electoral process, Healthcare industry, HR industry, and many more. The cryptocurrencies are based on the Blockchain Technology and the first cryptocurrency was Bitcoin. After the spike of the value Bitcoin a lot many other cryptocurrencies were invented. At current point of time it is estimated that there are more than thousands of cryptocurrencies out there in the market. Hence it has made the investors difficult to decide which particular cryptocurrency is best suitable for them. Dogecoin (DOGE) is one of them.
After downloading the application install the application on your system by following the respective procedures. The procedure is a bit complicated in case of Linux, refer the official website for any clarifications. Following which the application would take 2-5 minutes to synchronise with the Blockchain network after which the wallet is completely ready to use.
More appropriately the cryptocurrency was invented by Billy Markus and Jack Palmer in the year 2013 as a fun coin. Completely unexpected by the creators the cryptocurrency spawned into a full fledged crypto of it’s own, having a community of miners, buyers, sellers, speculators, and many more. According to coinmarketcap, the cryptocurrency has been ranked at 41st position. Despite continuous speculations of the cryptocurrency becoming completely obsolete, it has managed to survive despite the losses it incurred in millions.
Many experts believe that the main reason for the popularity is the popular meme tradition that it is related to, as well as the low market price. Speculations are also being done that many of the investors are investing in cryptocurrency in a hope that the cryptocurrency would gain value and they might get their profits.
Among a lot of other cryptocurrencies in the market, this one, out of nowhere has made its position in one of the top 50 cryptocurrency coins which makes it very clear that the acceptance of a particular cryptocurrency by the community people is totally unexpected and difficult to predict.