All about Dogecoin (DOGE)
 |
| what is Dogecoin (DOGE) and how to invest in it |
We have recently started to present a series that explains cryptocurrencies, Blockchain, and everything about them. Today, we will explain Dogecoin, which is still the center of contention among many. In today's topic, we will learn about Dogecoin, how it works, its price history, the widespread predictions about its price, and how you can buy or invest in it.
What is Dogecoin ( DOGE )?
At the end of 2013, Billy Markus and Jackson Palmer decided to launch a cryptocurrency to ridicule the spread of digital and encrypted currencies such as Bitcoin. In the beginning, Dogecoin was meant as a joke with a logo of a Shiba Inu dog. The creators of this cryptocurrency did not expect its success at all. But it became the fourth most popular cryptocurrency and the most valuable, with a capital market value of 73 billion dollars. Dogecoin is a decentralized currency with $129 billion in circulation. Despite these values, the DOGE price as of writing these lines is $0.13.
Dogecoin price history
Although it has been around since 2013, Dogecoin did not witness good price changes until the beginning of 2021, when Dogecoin began to fluctuate in price and swing up and down at other times. That is due to Elon Musk's tweets and projects which started to use Dogecoin.
- 2013 to 2018: There have been no considerable changes to the digital currency Dogecoin. Its price started at $0.0001. In 2018, a partial positive change occurred in Dogecoin, as the value of this cryptocurrency reached $0.0009. That was the first break of the traditional Dogecoin price in years.
- 2018 to 2020: After increasing to $0.0009, it decreased again to $0.0001 - $0.0002, and it remained in this state until the beginning of 2021.
- January 2021 until February 2021: A package of tweets from Elon Musk about Dogecoin made many people pay attention to this currency and start purchasing it. Its price grew to $0.008, and then, in February, it became $0.05.
- April 2021: This was the focus of the transformation of Dogecoin, again due to Elon Musk. Its price in April reached $0.1, then two days later it rose to $0.3, and its highest value in April was $0.4.
- May 2021: Dogecoin reached its highest value ever, which is $ 0.7 before Elon Musk appeared on a television program, the price of Dogecoin fell again.
How do I invest in Dogecoin?
If you decide to invest in Dogecoin or want to get started, you may find it hard to find the right ways for you. That is why we always suggest this paragraph to help you provide the most prominent and most important ways to invest in Dogecoin. Among the best methods we offer are:
Binance: Binance platform has always been considered the number one investment in cryptocurrency due to its support for many countries, and also, it supports thousands of cryptocurrencies, including DOGE. After you register and create your account on the platform, you will be required to activate your account using your national identification card, so you can withdraw and deposit dollars and convert them into cryptocurrencies. After depositing a certain amount (minimum value of $15), you will be able to buy Dogecoin from the platform.
Blockfolio: I would recommend the Blockfolio platform to anyone who wants to start buying and trading cryptocurrencies and does not have enough experience. Blockfolio is a simple phone application, so after installing it and registering an account, you will be able to deposit the amount you want without conditions using your bank card. You can then buy cryptocurrencies in the dollar. Among the supported cryptocurrencies, of course, is Dogecoin.
Kucoin: Kucoin platform is a reliable and professional platform for buying, selling, and trading cryptocurrencies. It is similar to Binance in services. The problem with Kucoin is that the lowest deposit price in Dogecoin is $50, but the Fees are low in return.
Kraken: The Kraken platform may not be available for everyone to use, and it requires rather harsh conditions to be accepted. First, to create your account, you need to cite documents that prove your identity, take selfies, and more. But it provides you with the ability to withdraw and deposit funds and convert them to cryptocurrencies such as Dogecoin.
More info: Best Cryptocurrency to Invest in 2022
Also, you can use the Coinbase platform to sell or buy Dogecoin, which is the best platform for cryptocurrency investments.
Comments
Post a Comment