person holding gold and silver coins

Dogecoin: What is it and Why is it Popular?

What is Dogecoin?

Dogecoin is a cryptocurrency that was created in 2013. It is based on the “doge” meme and uses the Shiba Inu dog breed as its logo. Dogecoin is popular because it is one of the easiest cryptocurrencies to mine and because it has a low transaction fee.

Why is Dogecoin Popular?

Dogecoin is popular because it is one of the easiest cryptocurrencies to mine and because it has a low transaction fee.

In 2015, Dogecoin was used to raise $50,000 for the Jamaican Bobsled Team so that they could compete in the Sochi Winter Olympics.