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Dogecoin

The cryptocurrency was inspired by the popular doge meme that featured an image of a Shibu Inu dog. The satirical nature of dogecoin was initially meant to poke fun at Bitcoin but evolved to serve as a peer-to-peer cryptocurrency used for tipping on social media platforms.

Dogecoin was created in 2013 as a joke by software engineers Billy Markus and Jackson Palmer. Palmer tweeted the idea and Markus approached him to partner on making the concept a reality. 

The cryptocurrency was inspired by the popular doge meme that featured an image of a Shibu Inu dog. The satirical nature of dogecoin was initially meant to poke fun at Bitcoin but evolved to serve as a peer-to-peer cryptocurrency used for tipping on social media platforms. 

Dogecoin’s circulating supply currently exceeds 131 billion. The total supply is uncapped, meaning there is no limit to the amount that can be mined. 

In early 2021, Dogecoin won the adoration of influential figures including Tesla CEO Elon Musk, NBA team owner Mark Cuban, and Snoop Dogg. SpaceX completed a space mission funded by Dogecoin, and Cuban said the Dallas Mavericks would accept payment in DOGE.

In Manhattan yesterday (6/16/22), a class-action lawsuit was filed against Billionaire Elon Musk, by a man named Keith Johnson.  The accusation is that Elon Musk, Tesla, and SpaceX are operating an illegal racketeering enterprise to inflate the price of the cryptocurrency most often referred to as a meme coin.

Elon Musk Is Being Sued Over Alleged Dogecoin Manipulation - A Brief History On The Most Famous Meme Coin

A disgruntled investor is suing Elon Musk and his companies Tesla and SpaceX for a whopping $258 billion, claiming they propped up a “crypto pyramid scheme” with their support for Dogecoin (DOGE). Keith Johnson, the plaintiff, argues that DOGE is “simply a fraud whereby ‘greater fools' are deceived into buying the coin at a higher […] The post Investor Sues Elon Musk, Tesla and SpaceX for $258,000,000,000 Over Alleged ‘Dogecoin Pyramid Scheme' appeared first on The Daily Hodl.

Investor Sues Elon Musk, Tesla and SpaceX for $258,000,000,000 Over Alleged ‘Dogecoin Pyramid Scheme'

Dogecoin (CRYPTO: DOGE) was trading almost 3% higher on Friday in a very tight trading range between $0.054 and $0.058. The crypto has experienced high volatility recently, whipsawing up over 24% on Wednesday only to plunge about 12% on Thursday.

Here's How Dogecoin Is Setting Up For The Next Big Move

Bitcoin

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk addressed cryptocurrency scams and payments in his interaction with Twitter Inc (NYSE: TWTR) employees Thursday. What Happened: The entrepreneur said, “There's quite a lot of crypto scams on Twitter.

Elon Musk's Twitter Takeover Could Address Crypto Scams, Usher In Bitcoin, Dogecoin Payments

Dogecoin (CRYPTO: DOGE) traded 4.7% lower at $0.6 over 24 hours leading up to Friday morning. DOGE fell in tandem with other major coins as the global cryptocurrency market cap declined 4.8% to $898 billion.

Dogecoin Daily: Recession Fears Continue To Take Toll, Elon Musk Lawsuit And More

Also today, why Crypto Twitter will be breathing a sigh of relief over Musk's plan to "verify all humans" on the social network.

CoinMarketCap News, June 17: 'Stupid as F***' - DOGE Co-Founder Slams Man Suing Musk for Billions

A new lawsuit alleges Musk contributed to its downfall after calling the altcoin a "hustle" on Saturday Night Live — with this episode airing on the day of the all-time high.

Elon Musk, Tesla and SpaceX Sued for $258 BILLION over 'Dogecoin Pyramid Scheme'

Ethereum

Bitcoin, Ethereum and other major coins traded sharply lower Thursday evening as the global cryptocurrency market cap fell 8.7% to $886.54 billion. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin (CRYPTO: BTC) -8.9% -31.1% $20,538.49 Ethereum (CRYPTO: ETH) -12.4% -39% $1,080.24 Dogecoin (CRYPTO: DOGE) -8.9% -28.9% $0.055 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price Neutrino USD (USDN) +2.3% $0.97 UNUS SED LEO (LEO) +1.1% $5.03 Pax Gold (PAXG) +0.75% ​​$1,875.13 See Also: How To Get Free Crypto Why It Matters: Fears of an impending recession battered risk assets on Thursday with both cryptocurrencies and stocks diving into the red.

Bitcoin, Ethereum, Dogecoin Tumble: Analysts Search For Crypto Bottom As Recession Fears Grip Markets

Dogecoin (CRYPTO: DOGE), created by Billy Markus and Jackson Palmer, is a cryptocurrency created as a joke, based on the "Doge" meme, humoring the speculative nature of cryptocurrencies. The infamous memecoin later exploded, becoming a top 10 cryptocurrency in early 2021.

What Price Does Dogecoin Need to Reach To Turn A $1,000 Investment Into $50,000?

Dogecoin helped get people through the door, and NFTs can serve a similar aim, said Christine Brown, now COO and co-founder of NFT startup Floor.

Dogecoin Deserves More Credit for Onboarding People to Crypto: Ex-Robinhood COO

Shiba Inu

Shiba Inu (CRYPTO: SHIB) was sliding over Thursday in tandem with Dogecoin (CRYPTO: DOGE) and Bitcoin (CRYPTO: BTC). A number of cryptocurrencies, including Dogecoin and Bitcoin, have settled into bear flag patterns on their daily charts and Shiba Inu is no exception.

Shiba Inu Follows Dogecoin, Bitcoin Into This Pattern: What To Watch

Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency.

Elon Musk sued for $258 billion over alleged Dogecoin pyramid scheme

The complainant alleges Musk's tweets and public messaging drove a significant price spike in DOGE and encouraged people to invest. The post Tesla CEO Elon Musk accused of dogecoin Ponzi scheme in new class action lawsuit appeared first on The Block.

Tesla CEO Elon Musk accused of dogecoin Ponzi scheme in new class action lawsuit

Elon Musk, Tesla, and Spacex are being sued for $258 billion over claims that they “are engaged in a crypto pyramid scheme (aka Ponzi scheme) by way of dogecoin cryptocurrency.” The lawsuit states that Musk and his companies “falsely and deceptively claim that dogecoin is a legitimate investment when it has no value at all.” […]

Elon Musk, Tesla, Spacex Facing $258 Billion Lawsuit for Promoting Dogecoin

The lawsuit aims to represent a class of people who've lost money trading Dogecoin.

Elon Musk, Tesla and SpaceX Hit With $258 Billion Dogecoin Lawsuit

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. This week, we posed the following question to Benzinga readers: By 2023, will Dogecoin reach 20 cents again?

So Will Dogecoin Reach 20 Cents Again By 2023? Over 70% Say.

Dogecoin (CRYPTO: DOGE) spiked nearly 13% to $0.06 over 24 hours leading up to early Thursday. DOGE rose in conjunction with other major coins as the global cryptocurrency market cap rose 5.1% to $941.7 billion at press time.

Dogecoin Shoots Up After Fed Rate Hike

Bitcoin and Ethereum traded higher at press time on Wednesday evening as the global cryptocurrency market cap rose 4% to $974.2 billion. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin (CRYPTO: BTC) 2.3% -25.2% $22,557.73 Ethereum (CRYPTO: ETH) 2.7% -30.8% $1,236.28 Dogecoin (CRYPTO: DOGE) 11.9% -22.1% $0.06 Top 24-Hour Gainers (Data via CoinMarketCap) Cryptocurrency 24-Hour % Change (+/-) Price Basic Attention Token (BAT) +25% $0.36 Elrond (EGOLD) +24.3% $57.05 Helium (HNT) +22.2% ​​$11.63 See Also: Best USDC Interest Rates Why It Matters: Cryptocurrencies were relatively subdued compared with other risk assets on a day the U.S. Federal Reserve made the sharpest interest rate hike in 28 years.

Bitcoin, Ethereum Trudge Up, Dogecoin Surges After Fed Rate Hike: Are Cryptos Catching Up With A Stocks Rebound?

Dogecoin (CRYPTO: DOGE) announced the launch of its Dogechain testnet to facilitate the testing of decentralized applications (dApps) prior to mainnet deployment and network evaluation. What Happened: On June 15, Dogecoin announced that it would be launching its own testnet which would serve utility to the testing of dApps and optimizing functionality.

Barking Up The Wrong Tree? Dogecoin To Venture Into DeFi, Launches Dogechain Testnet To Compete With Ethereum

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. This week we asked 1,000 Benzinga readers on why they bought the popular meme cryptocurrency Dogecoin (CRYPTO: DOGE).

We Asked 1,000 Readers Why They Chose To Buy Dogecoin Instead Of Bitcoin, Ethereum

Dogecoin (CRYPTO: DOGE) traded 2.9% lower at $0.05 over 24 hours leading up to early Wednesday morning. DOGE crashed alongside other major coins as the global cryptocurrency market cap declined 2.4% to $939 billion at press time.

Dogecoin Daily: No Sign Of Market Woes Ending But There's A Silver Lining

Dogecoin (CRYPTO: DOGE) developer Michi Lumin said Tuesday that a project that encompasses building blocks for projects based on the meme coin may be launched soon. What Happened: Lumin shared an update on Twitter which indicated that the Libdogecoin v0.1 release is getting closer.

Dogecoin (DOGE) Gears Up To Launch Major Project

Bitcoin, Ethereum and other major coins were trading lower on Tuesday evening as the global cryptocurrency market cap fell 0.6% to $986 billion at press time. Price Performance Of Major Coins Coin 24-hour 7-day Price Bitcoin (CRYPTO: BTC) -2.6% -29.6% $22,013.60 Ethereum (CRYPTO: ETH) -0.6% -33.8% $1,205.07 Dogecoin (CRYPTO: DOGE) -1.7% -31.7% $0.055 Top 24-Hour Gainers (Data via CoinGecko) Cryptocurrency 24-Hour % Change (+/-) Price Helium (HNT) +17.2% $9.55 Bitcoin SV (BSV) +13.5% $53.01 Decentraland (MANA) +13% ​​$6.67 See Also: Best Crypto Debit Cards Why It Matters: Bitcoin and Ethereum settled around the $22,000 and $1,200 levels after plunging earlier this week as jittery investors sold off ahead of a key U.S. Federal Reserve meeting.

Bitcoin, Ethereum, Dogecoin Subdued Ahead Of Fed Meet: Crypto Layoffs Abound As Bear Market Bites

Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios. This week, we posed the following questions to over 1,000 Benzinga visitors on cryptocurrency investing:  Do you think Bitcoin (CRYPTO: BTC) is heading below $15,000 by the end of June?

Do You Believe Bitcoin Is Going Below $15K, Ethereum Below $750 And Dogecoin Below 3 Cents By The End Of June?

The cryptocurrency markets have been in a sharp downtrend over the last week. The market cap of the crypto sector currently sits at $977 billion, which is approximately one-third of its all-time high.

News for Dogecoin Crypto (DOGE)