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What is Dogecoin, and how does it work? What happened when a joke became more popular than bitcoin?

Dogecoin is the world’s newest and most bizarre cryptocurrency.

The total amount of dogecoins in circulation is almost $50 billion, which is impressive for a digital currency that began as a joke.

According to CoinMarketCap, it is the fifth most valuable cryptocurrency on the market, having grown by more than 6,000 percent this year.

The price of a dogecoin has doubled once more. Tesla (TSLA) CEO Elon Musk tweeted about it for the umpteenth time on Friday (more on that in a bit). This week, demand for Dogecoin was so high that it briefly brought down Robinhood’s cryptocurrency trading system.

What do you think?

Written by Winston


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