8/28/2023 0 Comments Doge coin watch![]() ![]() With Bitcoin becoming slower and more expensive – even if the Lightning Network is improving Bitcoin performance – room in the market has emerged for other cryptos that offer a little more fast-paced firepower. Over time we’ve seen DOGE come into its own because of its impressive transaction speeds and low transaction costs. Given the silly backstory of DOGE, many have asked what the actual purpose of this cryptocurrency is. Partnering images of the famous Shiba Inu with text like “much something”, “very something”, “such something”, and “wow”, you can see that this cryptocurrency combines funny and functional as one. Taking on an innovative guerrilla marketing campaign using the characteristics of the Doge meme, their approach put DOGE in front of thousands of traders, investors, and crypto fans. The team behind DOGE shouldn’t be labeled as jokers however, as they’ve impressed with how they’ve marketed it to the masses. This peer-to-peer cryptocurrency was born out of an Internet meme and is “meant for Doge lovers”, so it’s safe to say that it wasn’t something that was taken particularly seriously. Its name is anything but serious, as Dogecoin – with its Shiba Inu dog logo – was intended to be something silly when it first launched. From one of the world’s richest men continually tweeting about it to crypto casino players using it to play slots with, DOGE has combined use case with a fanatical backing to become everyone’s favorite altcoin. Ushering in the day of the dog – or should we say DOGE – Dogecoin has transformed from a “joke currency” into one of the most recognized cryptocurrencies in the world. The world’s leading digital currency – through its record-breaking pumps and recent passionate following by Tesla CEO Elon Musk – has paved the way for a number of other cryptos to gain traction. However, it isn’t just Bitcoin that’s giving the cryptocurrency market life. Commanding headlines and shaking the world of banking to its core, what Bitcoin will mean for the future of financial services can’t be understated. There is no denying that Bitcoin is the king of cryptos. ![]()
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