Dogecoin's crypto protocol was made by copying and pasting the source code behind Bitcoin. Markus claims it took him just three hours to launch Dogecoin and that he did so for a joke.
Since it’s based on bitcoin, in theory, DOGE would be classed as an alternative currency. Plus, Elon Musk recently started accepting Dogecoin as a payment method for Tesla merch.
Since Dogecoin was only created as a joke and has swung about wildly in price, it’s probably not something at which you want to throw your inheritance.
But if you’re committed to Dogecoin, a high-risk but admittedly irresistible coin, here are a few aspects to take into consideration:
Admittedly, buying a limited amount of merchandise for Tesla doesn’t necessarily translate into an extensive use case for Dogecoin. Still, it’s a sign that the currency has some potential.