Dogecoin (DOGE) was created in 2013 as a joke based on the popular “Doge” meme. Despite its origins as a meme coin, the DOGE has since gained a significant following and has seen significant price increases in recent years.
Cryptocurrency comes under many names. You have probably read about some of the most popular types of cryptocurrencies such as Bitcoin, Litecoin, and Ethereum. Cryptocurrencies are increasingly popular alternatives for online payments.
People invest in cryptocurrencies because they believe if demand for a particular cryptocurrency rises, so too will its value. Let’s take a simplified example with Bitcoin.