Dogecoin or DOGE became famous very quickly in 2021 and has since grown into one of the largest cryptocurrencies in the world. With Tesla looking to incorporate the digital currency into its payment system, it is time to learn more about this coin. Did it really start? Reddit?

The coin was originally started as a joke by two crypto enthusiasts, with the name associated with a popular meme. While the coin didn’t launch on Reddit, Dogecoin gained a lot more prominence through discussions on the Reddit forum.

After the whole Gamestop saga, Reddit users decided they wanted to throw money on something else. This time it’s a hilarious cryptocurrency called Dogecoin. Users put money in the coin for fun, which resulted in an 800% increase in value in 24 hours. This caught the attention of news sites like CNBC, which gave the coin more reach and growth.

It eventually caught the attention of Elon Musk, who tweeted about the coin and sent it “to the moon”.

What is Dogecoin?

Software engineers Jackson Palmer and Billy Marcus founded in late 2013 Dogecoin. Palmer created the cryptocurrency logo with a meme that uses the misspelled “doge” to describe Shiba Inu dogs.

Bitwave CEO Pat White stated that “Doge was really made to poke fun at Bitcoin.” In the early days of Dogecoin, a group of enthusiasts organized publicity stunts to raise its profile, such as sponsoring a NASCAR Racing driver or sending the Jamaican bobsleigh team to the 2014 Olympics.

Dogecoin gained cult status from Reddit’s WallStreetBets Messageboard in early 2021. That was it prime Founder of the GameStop affair in January. There enthusiasts promised to drive its value “to the moon” (that was before all crypto discussions were banned on that subreddit).

Dogecoin has seen tremendous growth in value and is expected to grow more than 5,000% by 2021. Elon Musk, CEO of Tesla, was one of his supporters. He called Dogecoin the “people’s crypto”. Musk called Dogecoin “the people’s crypto” and promised to place a Dogecoin token on Mars.

Dogecoin returns

In the past year, Dogecoin has achieved price returns of over 8,000%! While this growth is not expected in the future, the fact that the currency is being integrated makes it valuable as both an investment and a transactional coin.

Dogecoin is also a very environmentally friendly alternative to Bitcoin. This can make it a preferred option for sustainable investors.

Where can you buy Dogecoin?

The two best places to buy Dogecoin / DOGE are through a trade broker or an exchange. An exchange is great for users who want to buy and hold the currency while a broker is great for people who want to try and get a return on their DOGE investment.

Whenever you are looking for an exchange or trading broker, you need to do a thorough research to ensure that the exchange and brokers are licensed, secure, and not a scam.

Bitcoin Motion is one of the newest crypto trading platforms that many are using to trade cryptocurrencies like Dogecoin. Read more about Bitcoin Motion.

Did Dogecoin Start On Reddit? (The Dogecoin Guide) first appeared on Coin Insider.

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