[ad_1]
Bear pressure in the market has left no stone unturned. Literally all the digital resources listed on CoinMarketCap have experienced the bitter hand of the bears in the last month. Market volatility also grew to triple its levels in October, particularly for Bitcoin (BTC). Dogecoin (DOGE) has not been spared, however, it is among the few coins that have been able to control the fall. The price of Dogecoin remained stable above $ 0.0020 with a maximum rise below $ 0.00255.
The Dogecoin community recently celebrated the fifth anniversary of the currency. The $ 245 million digital assets have never had a regular spin since its inception. He first worked hard to gain respect in the market by following his dog logo representing the meme Shiba Inu. In the beginning, the industry had not hired Dogecoin with the seriousness it deserved with the world, thinking it was a "joking" cryptocurrency.
Dogecoin was introduced to the market without a white paper on November 27, 2013. The founder of Dogecoin, Jackson Palmer first mentioned Dogecoin on Twitter, however, the coin was officially launched on December 6 of the same year.
Approach to different network activities
The good has been released on the market without pre-mined coins. There was no mining structure like Bitcoin (BTC) had. However, Dogecoin was different from most currencies at that time because its extraction was conducted on personal computers compared to the special extraction platforms used in the BTC extraction.
The popularity of Dogecoin can not be compared to other activities such as Bitcoin Cash. In contrast, the activities on the Dogecoin network easily exceed those of other virtual currencies. It is important to note that transactions in Dogecoin are not carried out in exchanges, which means that DOGE has a utility of the real world above the speculation that is common in cryptographic markets.
The Vibrant DogecoinCommunity
Dogecoin lives literally on the shoulders of his vibrant and never tiring community. The community is the reason for the success of Dogecoin. It is also the reason why Dogecoin is not stumbled and is not dead. Dogecoin is able to present the facts in a humorous way. Something that keeps the community entertained and informed.
At the moment, Dogecoin has 137k followers on Twitter and many of them are active in sharing jokes and humor using funny memes. The community is constantly entertained by videos of Shiba dogs and contents that are destroying the nerves. The community of Dogecoin is known to be one of the civilizations in the cryptographic sphere where quarrels and discussions are rare events.
What makes Dogecoin Tick?
As mentioned earlier, Dogecoin has done a great deal to ensure that you get the respect you deserve like other legacy resources on the market. The currency development team was very helpful with frequent updates and updates. The team is currently working to release the client 1.14. In addition to the DOGE-Ethereum bridge, a development that will allow the sending of DOGE to and from the Ethereum network without interruption.
The dogecoin is commonly referred to as the digital currency on the internet. It has many cases of use, the main one is the tip. Users find it easy to use DOGE, except for transactions requiring only 5 to 6 seconds. There are other projects, for example, Dogepal, which is at the forefront of Dogecoin adoption.
While the market has a bearish trend, Dogecoin has shown good resistance, knocking down the push-ups quite well. After five years and still strong, it means that Dogecoin is here not only to stay but also to blossom.
