The Dogecoin price is in the process of a half-hearted attempt to unleash itself from the grip of a tightening...
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
Dogecoin escaped the cryptocurrency bloodbath that occurred on Sunday, April 18, as it was able to register a 22% upside...
DOGE has been trading sideways for weeks. However, the Dogecoin price has reached an important crossroads and will soon breakout....
Dogecoin crashed more than 27% on Monday after China’s Monday crypto ban expansion hit major altcoins very hard. In a...
The Dogecoin price retreated slightly on Friday after staging an excellent rally this week. DOGE dropped to $0.26, which was...
The Dogecoin price has lost momentum. A few days after the digital currency rallied by more than 30% to $0.0698,...
The price of Dogecoin has reclaimed the lows of the trading range, which I mentioned in my previous analysis. This...
Our Dogecoin price prediction has still not flipped bullish as the coin is yet to break out of the downwards...
The Dogecoin price has been relatively volatile recently. DOGE is trading at $0.50, which is 32% below its all-time high...
Dogecoin is well into the 3rd day of solid gains after news of its listing in Coinbase hit the newswires...