Image by Kevin_Y from Pixabay
(Photo : Kevin_Y from Pixabay)

There are various types of cruises that cater to different tastes. Some of these include trips for people who love cats, quilters and DJs. Dream Vacations and Flip Phone Events are planning on hosting the first-ever destination vacation for cryptocurrency enthusiasts. 

The four-night trip will depart from Miami on April 7, 2022. The two companies are also the producers of the "Golden Fans at Sea" event, which will be held in 2022. It's expected to attract around a thousand fans.

Why Is There a Dogecoin Cruise for Fans?

Cryptocurrencies are digital currencies that can be used to pay for various goods and services online. Most of them are backed by a blockchain, which is an encryption system that records transactions. Despite the volatile nature of the cryptocurrency market, Dogecoin has become one of the most prominent digital currencies. It has a market capitalization of around $40 billion.

Tesla founder Elon Musk has been instrumental in the rise of Dogecoin. He promoted cryptocurrency through various social media platforms. The cruise organizers believe this cruise will offer Dogecoin aficionados a place to come together and share their love for cryptocurrency. 

According to the organizers, the trip will allow attendees to connect with other Dogecoin enthusiasts. It will also allow them to meet new people. The trip will feature various activities such as seminars, a beach party and a sail away party. It will also include a variety of events such as blackjack tournaments and singles parties.

The theme of the cruise is "To The Moon," since a Canadian company is planning on launching a satellite using Tesla's SpaceX. The cost of the trip is $799 per person, which includes taxes and gratuities. Aside from these, passengers can also enjoy free Wi-Fi and unlimited beverages.

What is Dogecoin?

Although it's similar to Bitcoin and Ethereum, Dogecoin is a different type of cryptocurrency. It was created as a joke for crypto enthusiasts. Jackson Palmer and Billy Marcus, two software engineers, created Dogecoin in 2013. Palmer used a meme that featured the word "doge" to describe a Shiba Inu dog.

According to Pat White, the CEO of Bitwave, the creation of Dogecoin started as a joke aimed at Bitcoin. During its early days, the community of crypto enthusiasts organized various publicity campaigns to promote the cryptocurrency. In 2021, Dogecoin became a cult-like cryptocurrency after its supporters promised to boost its value to the moon. 

The WallStreetBets message board was the site where the promise was made. The cryptocurrency reached a high of $0.68 in May of that year. Musk, on the other hand, was partly responsible for the cryptocurrency's rapid rise. By mid-2021, Dogecoin was regarded as one of the top five cryptocurrencies by market cap.

Since then, the cryptocurrency's value has dropped dramatically. It reached a low of $0.11 in March 2022. Despite this, it remains among the top 20 most valuable cryptocurrencies by market cap.

How Does it Work?

Dogecoin is a distributed digital ledger that works seamlessly on the blockchain. Its decentralized and secure nature makes it one of the most popular cryptocurrencies. All Dogecoin holders have the same copy of the cryptocurrency's blockchain ledger. Like other cryptocurrencies, its network uses cryptography to keep its transactions secure.