Dogecoin cryptocurrency. Here we explain how it works.
Musk’s preferred cryptocurrency, has experienced a 152% increase in the last month.
The election of Donald Trump as president has benefited several players in U.S. politics. The name that stands out the most is undoubtedly Elon Musk.
The day after the presidential results were known, the U.S. markets, the dollar and cryptocurrencies reached highs in recent months.
The Dogecoin Cryptocurrency
Trump’s victory shook the US markets, the dollar and cryptocurrencies reached highs in recent months. After Trump’s victory, bitcoin reached a new all-time highof $75,000 , but it is not the only cryptocurrency on the rise in the market.
Musk has been the great godfather of this cryptocurrency, and the main responsible for its growth.
The dogecoin cryptocurrency is a inspired by a meme of a shiba dog inu
The dogecoin cryptocurrency is a digital currency used for secure and decentralized online transactions.
Dogecoin, a cryptocurrency emerged in 2013, was born as a parody inspired by the viral meme “Doge”. Initially, Dogecoin had a value of USD 0.0047, but thanks to Musk’s influence, it has experienced a growing popularity in social networks, search engines.
Dogecoin uses blockchain technology. Dogecoin transactions are recorded in a public and decentralized ledger, which guarantees its security and transparency. Its main distinction lies in the backing of prominent players.
Strikingly, the newly created Department of Government Efficiency has been named with the acronym DOGE ( Department of Government Efficiency), suggesting that its choice was no mere coincidence.