Sunday’s fall in the crypto market, triggered by the exit of top DeFi developer Andre Cronje from the Fantom and...
Dogecoin
Dogecoin is a cryptocurrency with a friendly and fun brand image, whose main aim is to be an accessible introduction to cryptos. Billy Marker and Jackson Palmer created Dogecoin in 2013 to ridicule Bitcoin.
What is Dogecoin?
Dogecoin’s value skyrocketed over 5000% in 2021 as mainstream investors embraced the cryptocurrency. Just like Eutherium and Bitcoin, Dogecoin runs on a secure blockchain. As a result, dogecoin price varies, and it is difficult to determine its exact value as it’s worth what people are willing to pay at any moment. However, Dogecoin is transparent because every holder has a record of every transaction on an immutable blockchain ledger.
Dogecoin’s valuation once surpassed Bitcoin’s during the recent cryptocurrency market mania, demonstrating its high investor demand. Dogecoin’s rise was driven by Elon Musk’s tweets supporting the cryptocurrency, of which he is a big fan. Elon Musk’s public tweets attracted a massive number of inventors who bought Dogecoins to profit from the massive rally in cryptos.
Is Dogecoin a good investment?
Despite Dogecoin’s ironic nature, it’s considered by some to have legitimate investment potential. However, the constant introduction of new coins into the market put downward pressure on Dogecoin’s valuation.
Purchasing any Cryptocurrency is a risky affair, and that includes Dogecoin. It’s always safe to purchase a few coins and get used to the system. However, it’s probably wise to refrain from investing more than a fraction of your money into the crypto that started as a joke.
DOGE latest news
The Baby Doge Coin has had a spectacular performance in the past few days even as other cryptocurrencies have struggled....
The Baby Dogecoin price has been in the spotlight recently after Elon Musk sent a tweet about it. The coin’s...
Bitcoin prices plunged on Friday after Dogecoin’s chief promoter Elon Musk tweeted a hashtag of BTC with a broken heart...
The Bitcoin price continues its sideways trading as investors switch their attention to better-performing altcoins. Dominance slips to 3-year lows....
Dogecoin, the meme-based cryptocurrency, has seen a 27% increase in value over the past two weeks, despite a 2% drop...
The Dogecoin price has been relatively quiet of late and spent the last two months fluctuating in a horizontal trend...
The Dogecoin price has just discovered that gravity exists. DOGE has dropped in the past three consecutive days and is...
The DOGE price slipped 25% from last week’s high after a mysterious Shiba Inu billionaire moved his SHIB tokens, stoking...
The DOGE price is down for the second straight day as demand for the coin wanes. The Dogecoin price has...