Dogecoin has the internet abuzz. Elon Musk, Mark Cuban and even beef jerky model Slim Jim have gotten in on it.
The cryptocurrency that started off as a parody lower than a decade in the past has surged to report highs, as particular person traders have piled in on the heels of Coinbase World Inc.’s public debut. The cryptocurrency reached as excessive as 45 cents on April 16, based on CoinDesk, up from lower than as soon as cent to begin the 12 months.
So, what’s dogecoin, how did we get right here and why are individuals so enthusiastic about it? We’ve received solutions to your questions.
First issues first: How do you pronounce “dogecoin”?
In keeping with the cryptocurrency’s co-founder, Billy Markus, the right pronunciation is “dohj coin.” Some choose to pronounce the primary syllable like “canine” or “doggy.”
Dogecoin is a cryptocurrency that began as a joke in 2013. It’s a satirical homage to bitcoin, designed to serve no actual goal apart from producing a number of laughs.