Dogecoin price continues to show strength following Elon musk’s Twitter acquisition. In today’s trading session, it is up by 2...
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 price has surged by almost 7 per cent in today’s trading session, extending yesterday’s strong and aggressive bullish trend,...
The Dogecoin price has traded within a narrow range of between $0.056 and $0.071 since August 20. Today, with its...
Dogecoin price has continued to follow in the footsteps of major coins, which has been aggressively bearish for the past...
Dogecoin price has held relatively well in the past few weeks. The coin rose to a high of $0.0670 on...
The memecoin economy has continued to take a hit amidst the bearish trend of the cryptocurrency industry, with the Dogecoin...
In today’s trading session, the Dogecoin price hit a three-month price low when it traded at a $0.0055 price level...
Dogecoin price predictions remain indeterminate after the DOGE/USDT pair lost all its earlier gains of the day. The pair is...
Dogecoin is up by a percentage point in today’s trading session. Despite the price gain, the crypto is still in...
Tamadoge has become one of the most hyped meme coins in the past few weeks as it seeks to dethrone...