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There are certainly more reasons why Dogecoin is so popular. Technically, Dogecoin is actually a faction with Litecoin, which is based on the Scrypt algorithm and, like Litecoin, is easier to trade than Bitcoin, and they have more numbers, with Dogecoin digging up to 100 billion, compared with 21 million bitcoins. Palmer also noted that Dogecoin is not like Bitcoin, where people don't get involved just for the sake of speculation, which is a way of sharing and thanking.

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Special Note: eGifter, an online retailer that specializes in e-gift cards, celebrates Bitcoin Pizza Day by giving extra points to people who buy pizza-related gift cards in Bitcoin, Litecoin and even dog coins on May 22.