The Dogecoin price has slept through the fireworks exploding around the crypto market. But what happens when DOGE finally wakes...
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 Bitcoin price continues its sideways trading as investors switch their attention to better-performing altcoins. Dominance slips to 3-year lows....
Dogecoin (DOGE) price prediction is being influenced by Elon Musk once again. On Monday, the tech billionaire and CEO of...
The Dogecoin price surged 50% in the first week of September as dog-themed meme coins burst back onto the front...
Dogecoin price wavered on Thursday morning as its correlation with Bitcoin approached 1. DOGE/USDT was trading at $0.087, where it...
The Dogecoin price has struggled recently as investors wait for a catalyst. DOGE is trading at $0.2175, where it has...
The Dogecoin price retreated slightly on Friday after staging an excellent rally this week. DOGE dropped to $0.26, which was...
The Dogecoin price is grinding sideways in lacklustre trading after Elon Musk failed to inspire new investor interest in meme-coin....
The latest Dogecoin price prediction is for the price of the asset to remain range-bound for some time. There has...
The Dogecoin price has been in a tight range lately. The DOGE is trading at $0.05 where it has been...