Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.
This week we asked 1,000 Benzinga readers on why they bought the popular meme cryptocurrency Dogecoin (CRYPTO: DOGE).
What Is Dogecoin?
Dogecoin was introduced as a joke in 2013 to help raise public awareness of the capabilities of blockchain technology.
The cryptocurrency’s mascot, the Shiba Inu, is based on the “doge” internet meme.
Though Dogecoin was originally intended as a joke, it gained momentum in 2021 …
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