Dogecoin has hiit yet another intraday milestone, achieveing its 2nd highest high ever after Dogecoin enthusiast/promoter and world’s richest man...
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 is on the verge of testing critical support as it struggles to generate any bullish momentum. It would appear...
Billionaire macro Investor Stanley Druckenmiller has called the Dogecoin price “A manifestation of the craziest monetary policy in history.” Druckenmiller...
The Dogecoin price is in the process of a half-hearted attempt to unleash itself from the grip of a tightening...
The Dogecoin price slumped 17.5% as the cryptocurrency market succumbed to heavy liquidation. But despite recovering from the low, DOGE...
Dogecoin (DOGE) price has been trading sideways for the past few weeks. The technical analysis reveals that the DOGE price...
The Dogecoin price is back below $0.4000 after the Tesla CEO’s latest attack on Bitcoin did more damage to DOGE...
The gravity-defying Dogecoin price rally has paused ahead of Elon Musk’s hotly-anticipated appearance on Saturday Night Live tomorrow. If you...
The Dogecoin price has continued to rise in the markets after yesterday’s bullish trend hiatus that resulted in an almost...
Dogecoin price is up by 4 percent in today’s trading session, reversing a bearish trend that has seen it drop...