Dogecoin is preparing to celebrate its nine years of existence
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Answer Dogecoin is preparing to celebrate its nine years of existence
Dogecoin, the first and largest meme-themed cryptocurrency, will celebrate nine years of existence this December.
On December 6, 2013, Dogecoin was born by software engineers Billy Marcus and Jackson Palmer as a joke, as they ridiculed the wild speculation about cryptocurrencies at the time.
In terms of market capitalization, DOGE is now the 10th largest cryptocurrency with a total market capitalization of $7.84 billion.
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Dogecoin also enjoys a strong following on social media.
Al-Ma’im’s Twitter account has more than 3.4 million followers.
Dogecoin is also loved by many prominent personalities, one of whom is the CEO of Tesla.
Elon Musk has been a staunch supporter of Dogecoin since April 2019, when he tweeted that the meme was his favorite cryptocurrency.
Dogecoin reached an all-time high of $0.76 in May 2021, just before Elon Musk appeared on Saturday Night Live.
Dogecoin price has since fallen 92% from this peak at the current price of $0.058.
The CEO of Tesla stated that he will continue to support Dogecoin whenever possible, citing the fact that he was responding to individuals who encouraged him to buy and support the cryptocurrency.
The latest base update 1.14.6, released in July which introduced several new features as well as important security fixes and changes to the current fee structure.
The recommended dust limit has been reduced from 1 DOGE to 0.01 DOGE.
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Currently, two major releases – base update 1.14.7 and 1.21, referred to as “Dogecoin Future Foundation” – are in the works.
According to Dogecoin developer Patrick Lauder, the proposed schedule for update 1.21 is around March 2023.
On the other hand, the developer is anticipating the release of 1.14.7 this year as he plans to develop a release strategy as soon as possible.
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