The Dogecoin price has rebounded this week. DOGE is trading at $0.0735, which is 80% above its lowest level on...
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 rallied to an all-time high as demand for cryptocurrencies rose ahead of the Coinbase listing. DOGE soared...
Dogecoin has hiit yet another intraday milestone, achieveing its 2nd highest high ever after Dogecoin enthusiast/promoter and world’s richest man...
The Dogecoin price is in a parabolic rally that has pushed the highly-controversial token up by more than 90% in...
Dogecoin escaped the cryptocurrency bloodbath that occurred on Sunday, April 18, as it was able to register a 22% upside...
The Dogecoin price is rebounding after crashing by more than 50% during the weekend. DOGE, the so-called meme currency, is...
The Dogecoin price is surging even as other cryptocurrencies remain in the red. DOGE is up by more than 25%...
The Dogecoin price has just discovered that gravity exists. DOGE has dropped in the past three consecutive days and is...
The Dogecoin price is attempting to recover, a few days after it declined by more than 65% from its all-time...
The Dogecoin price rebounded yesterday after it received some support from Elon Musk. DOGE has surged by more than 11.74%...