Dogecoin has experienced a sharp correction, with price retracing close to 40% from the peaks attained in the last week....
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 Dogecoin price has dropped by more than 40% from its all-time high of $0.088 to today’s low of $0.054....
Dogecoin price has been in the spotlight recently. The DOGE price has jumped by 626% since January 28, bringing its...
Cointelegraph has reported that Robinhood is planning to introduce full cryptocurrency transfers on the platform. This will allow users to...
The Dogecoin price has been in a tight range lately. The DOGE is trading at $0.05 where it has been...
The Dogecoin price has been relatively quiet recently. DOGE is trading at $0.05, where it has been in the past...
The Dogecoin price has lost momentum recently. The DOGE is trading at $0.0550, which is 38% below its all-time high...
Dogecoin could be on its way to the upside, as AirBaltic, Latvia flagship air carrier, has declared that its clients...
The Dogecoin price has lost momentum. A few days after the digital currency rallied by more than 30% to $0.0698,...
The Dogecoin price is still in a consolidation mode as investors ponder the next moves. DOGE is trading at $0.0610,...