Peek at Dogecoin Crypto Price Movement Today, Strengthen or Weaken?

Liputan6.com, Jakarta Dogecoin (DOGE) is a cryptocurrency based on the popular Internet meme “doge” and featuring a Shiba Inu dog in its logo.

According to Coinmarketcap, this open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and forked from Litecoin in December 2013.

The creators of Dogecoin envisioned it as a fun and lightweight cryptocurrency that would have even more appeal. Bitcoin’s core audience, because it’s based on the dog meme.

Dogecoin is one of the top cryptocurrencies by market capitalization and is the most popular meme coin in the world. As one of the cryptocurrencies that are of great interest to investors, DOGE price movements are often observed.

Based on data from Coinmarketcap, Wednesday (3/5/2023) Dogecoin fell again by 1.02 percent in the last 24 hours. The Dogecoin price is currently at the level of IDR 1,152 with a trading volume of IDR 3.4 trillion in the last 24 hours.

Meanwhile, Coinmarketcap’s current rating is 8. Dogecoin has a market capitalization of around IDR 160.4 trillion. Until now, there has been a circulating supply of 132.6 billion Dogecoin, of which the maximum supply is not available.

Uses of Dogecoins

Dogecoin has been used primarily as a tipping system on Reddit and Twitter to reward quality content creation or sharing. Users can earn Dogecoin tips by participating in communities that use the digital currency, or you can earn Dogecoin from a Dogecoin faucet.

A Dogecoin Faucet is a website that will give you a small amount of Dogecoin for free as an introduction to the currency, so you can start interacting in the Dogecoin community.

Disclaimer: Every investment decision is in the hands of the reader. Study and analyze before buying and selling Crypto. Liputan6.com is not responsible for profits and losses arising from investment decisions.

Elon Musk continues to create sensations. This time, the Tesla CEO blatantly demanded that McDonald’s accept Dogecoin as legal payment for burgers and fries.