What started out as a meme token has taken the world by storm. Launched in 2013 and forked from the Litecoin network (using the same scrypt technology), the Dogecoin ecosystem was inspired by a Shiba Inu dog meme circulating the internet at the time. The cryptocurrency was originally created to be a light-hearted, fun competitor to Bitcoin and has since become a firm favourite of SpaceX founder, Elon Musk and Reddit users.
Dogecoin provides fast transactions online and is predominately used for tipping content creators and crowdfunding due to its vast supply. Founded by Billy Markus and Jackson Palmer, Dogecoin has gone on to enter the top 10 biggest cryptocurrencies by market cap several times in its existence.
Elon Musk is also a huge advocate for the cryptocurrency, often dramatically affecting the markets with mention of it (as was the case when Dogecoin hit its highest price in May 2021).
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You can purchase Dogecoin directly with your debit card on the Tap exchange app in one smooth process. Deposit funds absolutely free of charge, then purchase your Dogecoin (DOGE) for the best price currently available on the market.
Tap offers the ability to deposit multiple cryptocurrencies which you can then trade for Dogecoin at some of the market's greatest rates, making it ideal for traders who want to be on the same page.
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Frequently Asked Questions
Dogecoin is a meme-based cryptocurrency that can be used to transfer value from one person to another using blockchain technology. It was the first digital currency to be created from an internet meme.
You can always access the Dogecoin price in your Tap app. Simply select Dogecoin from the options available in the Crypto wallet and get immediate access to the price in real-time.
Since the founders created Dogecoin they have built a loyal and engaging Dogecoin community behind them. The community is also known to be very charitable, engaging in many kinds of fundraising activities such as crowd-funding funds stolen from a hack in 2013 and redistributing the funds to those affected, as well as raising money for the Jamaican bobsled team to attend the Winter Olympics in Sochi, 2014. Tesla CEO Elon Musk is now a huge leader in the Dogecoin community.
The Dogecoin Foundation is a nonprofit organization that aims to support the development of Dogecoin, the Dogecoin blockchain and the ecosystem as a whole. Currently, the Dogecoin Foundation is made up of nine members.
If someone tipped you with Dogecoin, you will want to move it to a secure location. From the Tap mobile app, select Dogecoin from the Crypto wallet and select Receive. Here your Dogecoin wallet address will be displayed and you can either share this with the person tipping you or send the funds from the platform on which they are stored to your Tap wallet for safekeeping.
In order for Dogecoin to reach $1, it will need to increase sixfold. There is no way of knowing if this will happen due to the unpredictable behaviour of the crypto markets. With an influx of merchants starting to accept Dogecoin, who knows what might happen.
Anyone can mine Dogecoin, however, you will need to have the right equipment and resources. The best rig for mining Dogecoin is an ASIC, and you can do so solo or through a mining pool. It takes approximately 0.002 days to mine 1 Dogecoin at the time of writing. Merge mining is the act of mining two cryptocurrencies at the same time without compromising efficiency. Merge mining Dogecoin and Litecoin means that when mining one you can start mining the second with no additional equipment required.
If you'd like to enter the crypto market and bag Dogecoin (DOGE) you can do so easily and securely through the Tap mobile app. All you need to do is create an account, complete the identity verification process, and deposit funds. You can then gain direct access to the Dogecoin price, buy it, and store it in the secure digital wallet provided.
Users can sell DOGE directly through the Tap app, simply ensure you have an adequate balance of DOGE in your Tap wallet and select the Sell function. Be sure to check the Dogecoin price before engaging in any trade activity.
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