Dogecoin is an open-source cryptocurrency named after the popular Doge internet meme. It is a fork of Litecoin and was launched on 8 December 2013. Unlike other cryptocurrencies, Dogecoin has a fairly fast initial mining period.
The digital currency was created by Billy Marcus of Portland in the United States and Jackson Palmer of Sydney, Australia. Initially, the creators viewed it as a joke cryptocurrency that would enjoy wider appeal beyond Bitcoin's key demographic.
Nowadays, Dogecoin has an active community of users, is available on virtually every crypto exchange and is supported by a wide range of multi-currency wallets. In early 2021, Dogecoin shot up 900% in the space of just a few days. Though the project's developers had done virtually no coding since 2015, Dogecoin's moon shot prompted them to make the decision to resume work on the cryptocurrency. This means there are new possibilities ahead for the coin, which could lead to further growth.
How to buy and sell Dogecoin
If you want to buy or sell actual Dogecoin (DOGE), you'll need access to a crypto exchange. But if all you care about is making money on any changes in the price of its stock, using a broker or trading platform is a much better option. Such platforms include MetaTrader 4 or Libertex, where the process of opening and closing positions is easier and leveraged trading is allowed.