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DOGUSD Profile

The DogeCoin was created in 2013 by Jackson Palmer, a product manager at the office of Adobe Inc in Sydney, Australia. It was created to satirise the hype surrounding digital currencies, but after gaining much feedback on social media, Jackson Plamer bought the domain dogecoin.com. After a while, Billy Markus, a software developer, discovered Dogecoin and wanted to build the software behind an actual Dogecoin based its code on Litecoin. The DogeCoin uses Litecoin’s scrypt technology and is a Proof-of-Work coin.

As Billy Markus created DogeCoin for a joke and sold his entire position in 2015, in 2021, the digital coin surpassed a $75B (USD) market capitalisation. Since then, Dogecoin has fallen significantly, but while it is down over 50%, DogeCoin cryptocurrency still has a multi-billion dollar market cap.

In 2021, SpaceX founder Elon Musk ran a poll on social media asking if Tesla should accept Dogecoin as a form of payment. Later in October, AMC Entertainment Holdings Inc. announced that it would accept DogeCoin for digital gift card purchases. In the same period, DogecCoin ranked 10th with a $31.9B (USD) market capitalisation, higher than a year prior of a $339M market cap.

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DOGUSD Trading FAQ

DogeCoin, like Bitcoin, uses blockchain technology which is considered extremely difficult to hack. As DogeCoin is among cryptocurrencies with the largest market capitalisation and the widest adoption rate is relatively secure.

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CFDs (Contracts for Difference) trading on cryptocurrencies is a fresh paradigm to trade this unpredictable market. To trade Bitcoin and other crypto CFDs, you do not even have to be a professional CFD trader. For positions against the US Dollar and the Australian Dollar, FP Markets provides cryptocurrency CFDs in significant assets such as Bitcoin, XRP (Ripple), Bitcoin Cash, Litecoin, Ethereum and DogeCoin.

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You may trade CFDs on a range of cryptocurrencies with one of the most well-known cryptocurrencies CFD trading platforms, FP Markets, the one-stop destination for cryptocurrency CFDs.

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