The Dogecoin price popped on Tuesday as investors reflected on the latest statement by Elon Musk. DOGE surged to a...
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 (DOGE) price experienced a sharp sell-off last week as the BTC price tanked below $25,000. While many new meme...
Dogecoin crashed more than 27% on Monday after China’s Monday crypto ban expansion hit major altcoins very hard. In a...
The Shiba Inu price has been left behind in the meme coins rally. The coin has jumped by just 5%...
For the Dogecoin price to return to last month’s high of $0.355, it must first overcome this huge technical obstacle....
Dogecoin could be on its way to the upside, as AirBaltic, Latvia flagship air carrier, has declared that its clients...
Cointelegraph has reported that Robinhood is planning to introduce full cryptocurrency transfers on the platform. This will allow users to...
Dogecoin has experienced a sharp correction, with price retracing close to 40% from the peaks attained in the last week....
Dogecoin escaped the cryptocurrency bloodbath that occurred on Sunday, April 18, as it was able to register a 22% upside...
After the cryptocurrency market witnessed some more selling on Sunday, bulls were able to come into the fray with some...