Our Dogecoin price prediction might become very bullish if the ongoing breakout gets some confirmation. At the time of writing,...
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
Once again, our Dogecoin price prediction is playing out exactly as predicted. The price is 20% up since our last...
Dogecoin could be on its way to the upside, as AirBaltic, Latvia flagship air carrier, has declared that its clients...
After Elon Musk's tweet on Dogecoin price, it is back below a crucial level. Here's what's next for the altcoin.
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Dogecoin is up by 3 percent in today’s trading session. However, since the May 12 price spike that saw the...
The Dogecoin price shows no signs of recovering the losses it suffered last week when the crypto market succumbed to...
Dogecoin price continues to show strength following Elon musk’s Twitter acquisition. In today’s trading session, it is up by 2...
The Bitcoin price continues its sideways trading as investors switch their attention to better-performing altcoins. Dominance slips to 3-year lows....
Dogecoin price has been in a strong consolidation phase in the past few days as demand for cryptocurrencies waned. DOGE...