What is Dogecoin good for
A fun and friendly internet currency? Yes, yes, Doge Coin
Dogecoin can be used to make payments and purchases, but it is not an effective store of value.
1. Joke creation: Dogecoin was created in December 2013 by programmers Billy Markus and Jackson Palmer as a joke to mock the hype surrounding cryptocurrencies
2. Meme culture: Dogecoin’s logo depicts a Shiba Inu dog from the popular internet meme “Doge.” This has made the coin popular among internet users and meme culture
3. Community: Dogecoin has one of the most dedicated communities in the cryptocurrency world. Users actively use the coin for tipping on social media and forums
4. Charity: The Dogecoin community has been involved in several charity efforts, including raising funds to send the Jamaican bobsled team to the 2014 Olympics and building wells in Kenya
5. Celebrity Endorsement: Celebrities such as Elon Musk have repeatedly expressed support for Dogecoin, often causing its price to skyrocket
