The Dogecoin price is higher by 10.5% to $0.0335 in Asian trade as the hugely popular internet meme cryptocurrency sets...
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 is unchanged today, ahead of a relatively busy week, where Elon Musk will host the Saturday Night...
Dogecoin price has surged to a new all-time high. DOGE has gained by almost 60% in the past 24 hours...
The gravity-defying Dogecoin price rally has paused ahead of Elon Musk’s hotly-anticipated appearance on Saturday Night Live tomorrow. If you...
The Bitcoin price continues its sideways trading as investors switch their attention to better-performing altcoins. Dominance slips to 3-year lows....
Investors were once again reminded that gravity exists. The Dogecoin price crashes 43% on news that Crypto pioneer Barry Silbert...
The Dogecoin price is little changed today as traders reflect on the activities of the past weekend. The DOGE is...
The Shiba Inu price has amazed many traders this week. The Dogecoin-inspired coin’s price has surged by more than 2,000%...
The Dogecoin price joined the overall cryptocurrency sell-off even as Tesla mulled accepting the digital currency. DOGE declined to $0.3486,...
Dogecoin has gained 30% after US crypto exchange Coinbase says it will introduce trading on Dogecoin tokens. But the major...