Taking Dogecoin to the Data Dojo

Let’s talk about Dogecoin. We’ve had a lot of requests to discuss it since it has been in the news a lot, stirring up the online world with a sudden spike in price and a subsequent roller coaster of ups and downs. It’s known as the plucky little crypto that could, the gateway for the regular person to get into cryptocurrency without having to mortgage the house to get one or two Bitcoins. Or is it? Let’s dive into the doge pound.  Started back in 2013, the meme currency chiefly differentiated itself from Bitcoin right off the bat by using a different, less resource intensive encryption method, which meant that it became much faster and cheaper to mine it as well as transfer it. That also resulted in a lot more of them becoming available in a short period of time. Which in turn made it easier to manipulate. Elon Musk provided the perfect example when he tweeted out his support of Dogecoin, causing that massive spike in its perceived value we mentioned earlier. It went from a fraction of a cent to $