- Description and information about Crypto Currency Dogecoin
- Where and how to start investing in Dogecoin Crypto Currency?
- Reviews for Dogecoin Crypto Currency. What do they write in the forum and in the press?
- Where and how to buy Dogecoin? What Stock Exchange will be the best?
- Where to check the Jaco Dogecoin (Doge) exchange rate? Reliable sources
Dogecoin (DOGE) is a prime example of a joke that was “bought” by the market. It turned out to be a joke that brought substantial income to many investors…
Description and information about Crypto Currency Dogecoin
Like many other cryptocurrencies, Jaco Dogecoin (Doge) is based on blockchain technology, making it possible to make quick payments with minimal fees involved. Dogecoin was created for humorous purposes as a cryptocurrency in response to Bitcoin’s media scandal.
Dogecoin was created by American programmer Billy Marcus based on luckycoin, a cryptocurrency currently no longer traded. Dogecoin was aimed at a young audience. The cryptocurrency’s name and logo referred to the Doge meme, showing a dog of the Shiba Inu breed.
Dogecoin (Doge) has been in existence since 2013, and after just ten days, it has tripled in value in only one day. Unlike Bitcoin, it does not have a capped maximum supply, and so it can face inflation. Dogecoin is used to make online money transfers. P2P transfers can be made using this digital currency without having to pay any commissions to intermediaries.
Where and how to start investing in Dogecoin Crypto Currency?
Dogecoin can be purchased using a credit card, debit card, or bank transfer on one of the cryptocurrency exchanges. Some of the exchanges encourage you to buy the Ethereum cryptocurrency first and then use it to purchase Dogecoin.
Dogecoin, although initially intended to be just a joke, supports its users through official wallets. The wallet available for all known operating systems is Dogecoin Core. Dogecoin is supported by well-known multi-wallets such as Dogecoin wallet on Android. Ledger hardware wallets also support Dogecoin.
Dogecoin can also be independently mined using ASICs. Checking transactions on the blockchain is rewarded with this cryptocurrency. This involves computers solving complex mathematical problems. If a solution is found, the computer adds a new block to the blockchain. This increases the amount of cryptocurrency.
Differences in algorithms make mining Dogecoin much easier and simpler compared to the popular Bitcoin. It also consumes less energy and therefore ordinary, unremarkable computers can be used to mine it. This allows more individuals to mine this cryptocurrency.
Reviews for Dogecoin Crypto Currency. What do they write in the forum and in the press?
Reviews about Dogecoin are generally positive. Users argue that it is better to keep this cryptocurrency in a wallet than in an exchange. Some users use this cryptocurrency in games and make payments when trading various items online. Others use it by listing ads on popular websites that allow internet users to conduct physical trading.
According to some, Dogecoin can also be used to add tips in social media for adding interesting content. The cryptocurrency was created as a joke but has been accepted as a standard means of payment and investment, which has attracted the media’s attention.
Where and how to buy Dogecoin? What Stock Exchange will be the best?
Jaco Dogecoin (Doge) is listed on more than fifty different cryptocurrency exchanges, indicating its notable popularity. The cryptocurrency can be purchased on the ZB Chinese exchange, which allows trading of the currency using the dollar. This exchange has the largest daily trading volume in the pair with the USD, reaching nearly 40%.
Trading using Doge is also available on more popular platforms, such as Bittrex and HitBTC. It can also be purchased through the Kraken service. Billance and Huobi global also offer the possibility to buy Doge. These are reputable platforms with good reviews and a lot of experience. Some online cryptocurrency exchanges allow trading achievements in the currency pair with Bitcoin and Litecoin.
Bitcoin’s highest historical value was recorded on January 7th, 2018 and stood at $0.018 at that time. The market capitalization at the time was $1.93 billion. Although the cryptocurrency’s value remains low and does not satisfy investors, it has great potential, offering the possibility of achieving satisfactory profits in the long term.
Where to check the Jaco Dogecoin (Doge) exchange rate? Reliable sources
One of the reliable sources showing the value in real-time is the investing.com website. There, you can see the changes in the price of the cryptocurrency over the course of a day, a month, or several months. On the right-hand side, red or green color is used to show the percentage change over the past week. The helpful tools make it easy to observe the changes and choose the best time to buy the cryptocurrency.
Information about Dogecoin is also available on bitinfocharts.com. It contains detailed statistics, data, as well as a chart showing hourly changes. An excellent place to check how much Dogecoin costs is tokeneo.com. Both current quotes and predictions are displayed there.
As is also the case with almost all other cryptocurrencies, the price of Doge is characterized by sudden and considerable fluctuations. Therefore, one should be careful when investing and thoroughly analyse available charts to make profits and minimize the risk of losses.
It is estimated that 128.2 billion Dogecoins are circulating on the market. The undoubted advantage of this cryptocurrency is its low price, and anyone can easily buy it.