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0:00 Intro
2:08 Dogecoin Historical past
4:04 What’s Dogecoin?
5:01 How Does Dogecoin Work?
6:57 Litecoin Reliance
8:30 Dogecoin Ethereum Bridge
10:19 Dogecoin TikTok Pump
12:08 DOGE Pump & Dump Cycles
13:23 Dogecoin Whales
16:14 DOGE Potential in 2021
19:28 Remaining Ideas


⛓️ 🔗 Helpful Hyperlinks 🔗 ⛓️

► Doge Meme Historical past:
► Why Jackson Palmer Left Dogecoin:
► Shops That Settle for Dogecoin:
► Merged Mining Defined:
► Dogethereum Ethereum Bridge Standing:
► Dogecoin Unique TikTok Video:
► Dogecoin Pump & Dump Cycles:
► Dogecoin Whales Listing:


⏲Dogecoin Historical past⏲

It started as a joke in late 2013 by Jackson Palmer, an Australian software program developer. On December sixth, 2013, the primary block was mined on the Dogecoin blockchain. In early 2014, Markus left Dogecoin and handed over all growth duties to Palmer. Palmer subsequently left Dogecoin in 2015.

🐶What’s Dogecoin?🐶

Dogecoin was launched as an try and get rid of a number of the stigma surrounding cryptocurrencies, which had been closely related to criminality on the darkish net on the time. Though Dogecoin’s major use case is for tipping customers on Reddit and Twitter.

👨‍🏫How Does Dogecoin Work?👨‍🏫

Dogecoin is predicated off a proof of labor cryptocurrency referred to as Luckycoin which is a fork of Litecoin. Luckycoin had a randomized block reward of anyplace between 1 and 1 million tokens, which made it very unprofitable to mine. Dogecoin adopted an analogous mining mechanism to purposely preserve its value low. Dogecoin had no pre-mine, no ICO, nor any kind of exterior funding.

⛓Litecoin Reliance ⛓

The Dogecoin community is sustained by Litecoin miners at no extra value. It’s because Dogecoin makes use of a consensus mechanism referred to as ‘Auxiliary Proof of Work’, which makes merged mining with Litecoin doable. If Litecoin fails, Dogecoin goes down with it, however as long as Litecoin exists, so too will Dogecoin.

💱Dogecoin Ethereum Bridge💱

It’s believed that Ethereum founder Vitalik Buterin is the one who anonymously donated 1000’s of ETH to fund the event of an Ethereum-Dogecoin bridge in 2018. Sadly, this bridge was by no means constructed, apparently resulting from an absence of growth funds. Fortunately, Ren is within the technique of constructing a Dogecoin-Ethereum bridge.

🤑Dogecoin TikTok Pump🤑

On July 1st 2020, a TikTok consumer jamezg97 posted a video which defined that if everybody watching the video invested 25$ into Dogecoin, this might correspond to a payout of 10 000 {dollars} if the value of Dogecoin hit 1$. The video went viral, and the value pumping started, pushing DOGE from 0.0025$USD to 0.005$USD!

📈DOGE Pump & Dump Cycles📉

Dogecoin has had an identical pump and dumps prior to now, lengthy earlier than Elon Musk was topped CEO of Dogecoin or TikTok was even a factor. There are a lot of merchants who’ve observed this repetitive sample in Dogecoin and have used it to their benefit.

🐳Dogecoin Whales 🐳

In response to IntoTheBlock, 60% of Dogecoin’s provide is held by only a handful of pockets addresses, with the most important deal with holding practically 18% of your entire provide. That’s over 200 million {dollars}’ price of DOGE! These whales are probably Litecoin miners.

💸DOGE Potential in 2021💸

Dogecoin has numerous potential and can probably surpass its earlier all time excessive in 2021 due to its recognition, star energy, and the truth that the whales holding a lot of the DOGE provide have created a predictable value cycle that will get individuals to FOMO in.


📜 Disclaimer 📜

The knowledge contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who just isn’t a licensed monetary advisor or registered funding advisor. Buying and selling cryptocurrencies poses appreciable threat of loss. The speaker doesn’t assure any specific consequence.

#dogecoin #DOGE #crypto #bitcoin #assessment #tiktok #elonmusk

Source: Coin Bureau

41 Responses

  1. Watching this on 5th of May 2021 where Doge is at 0,64$… the fact that Doge is #4 from market cap right now tells pretty much everything you need to know about the altcoin market.

  2. i am in crypto since March 2020 and i wished to watch cryptoGuy's videos earlier this year. With just 200 $ on dogecoin at the time of the video someone would have made over 8000 $ when doge coin surged to ATHover 0.45 $. I know that cryptoGuy will continue find out tokens with high publicity or utility and you wish to watch those videos earlier. So my advise for learn from this channel and do better trades, he may not be a finacial advisor but those tips will make you more familiar with the crypto space. For another time great video mate.

  3. If I saw this the day it was released, my life would have been much different by now. Where is my Lambo Urus!!! Thanks a lot for your excellent work!

  4. Am watching this after a while, this is like a crystal ball to yesterday’s price action. But i harvested a 5x gain, could have be 7x but it’s ok

  5. Doge is getting its push by its Reddit group its a air bag it has no real application nor utility so pump and dump and all that hype goes out then since it’s not a real use coin it will collapse💯

  6. in a way i see doge as a new form of ponzi scheme. in order to get new members in they have to pump it up just to attract mindless buyers (new money) to buy in order for the whales to sell (new members coming in to pay the old ones out)

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