Name : Dogecoin (DOGE)

DOGE Price : $0.152 -1.08%

Consensus Mechanism : Proof of Work

Volume: 1,541,134,642

Market Cap: 21,945,390,117

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Last Screening: Q3 2023

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In-Depth Analysis

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Legitimacy Analysis

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Whitepaper
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2

Shariah Analysis

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System Status Interpretation
3

People Analysis

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Trading Signals
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  • Resistance 1

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Support & Resistances
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  • Support 3

Overview

Dogecoin is a community-driven cryptocurrency originally inspired by a meme featuring the Shiba Inu dog. Its open-source nature allows anyone to participate in its development, and it operates on the Scrypt hashing method for Proof of Work, similar to Bitcoin. Initially created as a meme coin, Dogecoin has evolved rapidly, gaining recognition as a legitimate and neutral digital asset used for daily transactions. It acts as a store of value, and its development process is publicly visible, encouraging contributions from individuals with technical expertise.

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