Dogecoin (DOGE) – What is it, how to buy, price chart
What is Dogecoin
Dogecoin (DOGE) is an open-source “meme” cryptocurrency that was created in 2013 by forking the Litecoin code. Its creation was originally an internet prank, but it broke free from the chain and today Dogecoin is in the top 20 most valuable cryptocurrencies in the world. Its money supply of 143,179,026,383 DOGE is already completely circulating.
History and origin
In the flood of new cryptocurrencies, its founder, programmer Billy Markus, wanted to attract attention with a “lighter” one, with a mascot in the form of a shiba-inu dog. And he succeeded. It saw the most interest during the great speculation rush in May 2021, when it reached $0.7316, thanks in part to Elon Musk, who often supported it on Twitter.
Why Buy Dogecoin
- For fun: Dogecoin is a meme coin and as such is quite erratic. It can skyrocket in price by hundreds of percent in a moment of interest, and then quickly drop again.
- Elon Musk: Dogecoin has been long supported by innovator, inventor and the richest man on the planet Elon Musk, who likes to write about the cryptocurrency on the X network and drive its price up.
Investing in Dogecoin:
Dogecoin is a volatile asset whose price can fluctuate wildly. This makes it both a risky investment and a potentially profitable one. If you are considering investing in Dogecoin, it is important to do your own research and weigh your risks.
Buying and selling Dogecoin:
Dogecoin can be bought and sold with Czech crowns and convenient bank transfers at our Simplecoin exchange.
What I need to buy Dogecoin
A litecoin wallet is required to hold (store) Dogecoin. It will give you control over your DOGE and no one can confiscate it as long as you have a seed for that wallet.
We can recommend the Coinomi wallet, which can be downloaded to iOS, Android and PC via the official site here.
How to buy Dogecoin
To buy Dogecoin on the Simplecoin exchange, all you need is a Dogecoin wallet. After that, you can already buy up to 200 Euros worth of DOGE in 10 days without registration. For a higher investment, you need to upload two IDs. Details can be found here.
Dogecoin chart
Conclusion
Dogecoin is a well-established cryptocurrency that still holds the top of the cryptocurrency chart. It can rise and fall quickly and the holy grail for the community is seeing it climb to $1 one day.
Read more:
Dogecoin official site: dogecoin.com
A signpost to other cryptocurrencies:
Important notice:
This page is for informational purposes only and does not constitute investment advice. Investing in cryptocurrencies is risky and you should consider the risks before embarking on any investment.
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