Dogecoin price and the phrase “to the moon” have become intertwined in the past few months, with many in the...
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
This week, the Dogecoin price has struggled amid the broad sell-off of digital assets and stocks. DOGE retreated to a...
Dogecoin dropped by 18 per cent in yesterday’s trading session, continuing a long-term bearish trend that has seen it lose...
The Dogecoin price took a brief breather on Thursday as Elon Musk continued fundraising for his Twitter acquisition. These gains...
Dogecoin price has surged by more than 30 per cent in the past 24 hours. In today’s trading session, the...
Dogecoin price is currently on a three-day bull run. In today’s trading session, the cryptocurrency is up by 1.5 per...
The last week has seen Dogecoin prices rallying by over 15 per cent, then dropping with the same margin, and...
The Dogecoin price prediction of a bullish break of the falling wedge was fulfilled on 18 March. However, the upside...
The Dogecoin price is struggling as some investors start taking profits after the spectacular rally that happened in March. The...