All About Dogecoin
In addition to supporting social welfare and philanthropy, Jackson believes Dogecoin can be used on the Internet as a "sweet spot" to thank others. In the beginning, though, Dogecoin was born out of a joke.
DOGE is a point-to-point digital currency originally based on the real Japanese Shiba Inu named Kabosu Dog. According to Coinmarketcap, DOGE was launched in December 2013 and currently has a market capitalization of $331 million. With today's announcement, DOGE joined Litecoin (LTC) and Bitcoin Cash (BCH), all of which joined the platform last week.
The average buy price for Week 1 is $68,170 and the average buy price for Week 12 is $59,141, the same as it was two weeks ago, with a yield of -11%.
Earlier, three sources said PayPal and its subsidiary Venmo planned to buy and sell cryptocurrencies for their 325 million users. (The Block)
To be fair, I wouldn't be impressed if it was another blockchain instead of Gaia (i.e. Cosmos), because they didn't do anything, but since Gaia is Cosmos, it's Cosmos.
Elon Musk again quoted Dogecoin on Twitter.
For a while, he was right. Bitcoin was worthless from 2009 to early 2010, with one bitcoin worth less than 14 cents in the first half of April 2010, and in the summer of 2010 bitcoin trading began to enter a golden age, with the value of online transactions beginning to rise due to much less supply than needed. By early November, Bitcoin had jumped to 36 cents after a days of silence at 29 cents. Bitcoin held steady at around 87 cents in February 2011, rising to $1.06 after continuing to appreciate and the dollar's exchange rate was 1:1.