Dogecoin’s (DOGE) price experienced a remarkable rally, boasting double-digit percentage gains in the last 24 hours and flirting with $0.1. This resulted in over 70% of its holders enjoying profits.
The cryptocurrency community is buzzing with excitement. Many investors, inspired by this surge, are now keenly exploring how to mine Dogecoin to capitalize on these gains.
Notably, Dogecoin uses the same mining algorithm as Litecoin (LTC), called Scrypt. This allows for merged mining between the two leading cryptocurrencies. Essentially, merged mining works by providing proof-of-work to a specialized mining pool and receiving both DOGE and LTC as a reward according to the produced hashrate.
In this article, Finbold will navigate through the recent price action and explain how you can start to mine Dogecoin.
Will DOGE reach $0.1 as 70% of Dogecoin holders are in the money?
On February 27, DOGE is trading at $0.96 per coin, currently up nearly 8% in the day. Like most altcoins
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