[Digital Today Reporter Hwang Chi-gyu] Recently, Tesla CEO Elon Musk mentioned the purchase through Twitter, and the virtual asset (cryptocurrency) Dogecoin, which had soared in price, was listed on the upbit won market, a large domestic cryptocurrency exchange at 3 pm on the 24th. .
DOGE is a cryptocurrency that forked the Litecoin code and originated from Doji Meme, which attracted attention on the Internet in 2013. Billy Marcus, the developer who created Dogecoin, is said to have started the project for fun at first.
The original image is a dog of the Shiba Inu breed, and the dog’s monologue is written on the coin. After publication, Dogecoin was used as a reward for content creators by users on community sites such as Reddit.
In the midst of this, Tesla’s CEO Ellen Musk recently tweeted that he bought Dogecoin for his son, saying, “Dojicoin is a coin for people. Based on CoinMarketCap, a site that provides cryptocurrency information, it ranks 14th in the cryptocurrency market cap.
However, as of 5:40 pm on the 24th after the listing of Upbit, Dogecoin is trading at about 60 won, a 52% drop from the previous day.
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.