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Invest in Dogecoin, on eToro
Dogecoin price (PROVIDED BY eToro)
Inspired by the popular “Doge” internet meme, Dogecoin began as a joke by software engineers Jackson Palmer and Billy Markus, but has since earned its place in the crypto ecosystem.
Despite its humorous origins, Dogecoin has solid technology behind it. The crypto runs on the same proof-of-work consensus algorithm as Bitcoin, with a few key differences: Bitcoin has a fixed supply and relatively slow block times, while the supply of Dogecoin increases at a steady rate. This makes Dogecoin inflationary, with faster and cheaper transactions — qualities that some say make it ideal for use as a real-world currency.
* Performance over the past 5 years: 254414%
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