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What is Dogecoin? Everything You Need to Know

Published April 26, 2021

9 minute read

Devon Taylor

By Devon Taylor

It’s been a strange few months when it comes to internet investing. Sure, there’s the whole Gamestop fiasco (which is actually still ongoing). However, tucked under that $GME marquee was a secondary “meme stock” that’s also taking the internet by storm. Actually, it’s technically not a stock at all. Dogecoin is a cryptocurrency, just like Bitcoin (but not exactly like Bitcoin, as we’ll discuss shortly). It was created solely as a joke, and was treated as such for most of its existence. You could buy a single Dogecoin for less than a penny — at least, before the great Doge-craze of 2021 started. Dogecoin has recently gained steam and suddenly shot up in value — up to 40 cents apiece at times. So how can a joke crypto coin suddenly turn into a legitimate investment opportunity? Is Dogecoin even a legitimate investment in the first place? What is Dogecoin, anyway?

Devon Taylor

Contributor

Devon is an experienced writer and a father of three young children. He's simultaneously trying to build college funds and plan for an eventual retirement. He's been in online publishing since 2013 and has a degree from the University of Guelph. In his free time, he loves fanatically following the Blue Jays and Toronto FC, camping with his family, and playing video games.

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