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The founders say Dogecoin is not like Bitcoin, where people don't get involved for speculation, but to express feelings of sharing and concern. This also created that at the beginning of the dogecoin transmission channels are based on people-to-people sharing.

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The German, head of the official development team for dog coins, is responsible for the development and maintenance of Dogecoin Core, MultiDoge and Dogecoin Android Wallet.

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Under the initial conditions, the marketmaker owns 100% of the connector, so there is no net liability (usable to buy back US dollars), and the book value of the marketholder is equal to the EOS value held in the connector plus excess collateral EOS, minus any circulating US dollars sold from the connector. After this initial setup, anyone can buy dollars from the marketer, which creates future buyback debt for the marketer.

dogecoin hit $1, Mark Cuban: Dogecoin Will Hit $1 And Become a Stablecoin - Crypto News

According to CoinMarketCap, trading volumes at Dogecoin rose nearly 115 percent to $284 million on July 7 from the previous day. To date, Dogecoin's 24-hour trading volume is nearly $314 million. Dogecoin, meanwhile, has risen nearly 40 percent in the past two days to $0.0034. According to Decrypt, Dogecoin's rise may be related to the investment dog coin theme video that appears on the short video platform TikTok. Video creators are calling on everyone to invest $25 in Dogecoin and then wait for its value to rise from $0.0023 to $1, which could make everyone more than $10,000. To date, the video has received 605,000 likes and 4,473 comments. Chain News reminds investors to pay attention to market risks.