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Dogecoin: All you need to know about Elon Musk s favourite cryptocurrency | Prestwich and Whitefield Guide

Dogecoin: All you need to know about Elon Musk s favourite cryptocurrency. (Canva) Dogecoin seems to be the latest cryptocurrency to rise in popularity among investors. Cryptocurrency has been brought back into the limelight after the government announced a new taskforce to explore the possibility of the UK having its own digital currency. The latest cryptocurrency craze seems to be Dogecoin, investors made substantial gains on its rise and social media was filled with memes of the currency “going to the moon”.   Tesla chief and crypto-enthusiast Elon Musk, who has dubbed himself the dogefather described teh cryptocurrency a hustle when he appeared on Saturday Night Live.

Dogecoin: All you need to know about Elon Musk s favourite cryptocurrency

Dogecoin: All you need to know about Elon Musk s favourite cryptocurrency. (Canva) Dogecoin seems to be the latest cryptocurrency to rise in popularity among investors. Cryptocurrency has been brought back into the limelight after the government announced a new taskforce to explore the possibility of the UK having its own digital currency. The latest cryptocurrency craze seems to be Dogecoin, investors made substantial gains on its rise and social media was filled with memes of the currency “going to the moon”.   Tesla chief and crypto-enthusiast Elon Musk, who has dubbed himself the dogefather described teh cryptocurrency a hustle when he appeared on Saturday Night Live.

Dogecoin: All to know about Elon Musk s fave cryptocurrency

Is it worth investing in and what is it all about? Here is what you need to know. The history of Dogecoin Dogecoin was invented by IBM software engineer Billy Markus and Adobe software engineer Jackson. It was created as a peer-to-peer currency that would be able to reach a larger demographic than Bitcoin. Dogecoin was officially launched on December 6, 2013 and within the first 30 days following its launch, over a million people visited Dogecoin.com. The “joke” coin is based on the doge meme that took the internet by storm in 2013, with an image of the Shiba Inu breed whose inner thoughts are displayed in comic sans font.

Dogecoin: All you need to know about he cryptocurrency challenging Bitcoin

Dogecoin: The cryptocurrency challenging Bitcoin worth more than UK banks Cryptocurrency has been brought back into the limelight after the government announced a new taskforce to explore the possibility of the UK having its own digital currency. The latest cryptocurrency craze seems to be Dogecoin, a currency that leapfrogged Bitcoin and Ethereum last week - the two largest cryptocurrencies on the planet -as it surged more than 200% in 24 hours. Over the past week its value as rocketed by as much as 550% which made it more valuable than banks including Barclays and Lloyds Banking Group as of last Friday. Investors made substantial gains on its rise and social media was filled with memes of the currency “going to the moon”.  

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