Elsewhere, the machine learning algorithms at the crypto tracking platform PricePredictions 30-day forecast indicate that Dogecoin can potentially sustain gains in the coming weeks. The tool projects that Dogecoin will trade at $0.095 by February 28, representing a price rally of about 4% from the value at the time of publishing. How much is one dogecoin worth Stocks
Dogecoin (DOGE) was created in December of 2013 by software engineers Billy Markus and Jackson Palmer as a fork of Litecoin (LTC) – which is itself a fork of Bitcoin (BTC). Its founders’ aim was to create an instant and fun system for payments which is free from traditional banking fees. The primary use case for Dogecoin was originally as a tipping system for users of Reddit and Twitter. The name of the cryptocurrency was inspired by the popular Shiba Inu-themed “Doge” meme, which is also used as the coin’s logo, and Dogecoin has remained a staple of memes among the crypto community. Crypto Asset to Trade and HODL As of Feb 14, The market capitalization of Dogecoin is $11.3 Billion, it's ranked as #9, and its dominance level stands at 1% of the total crypto market cap. See full market cap and price stats.
Per CNN, the cryptocurrency — which was really began as a meme and has existed for close to seven years now — is currently trading for $0.13 cents. Compare Key Metrics Created as a light-hearted joke with a Shiba Inu dog image on its logo, Dogecoin has garnered “much wow” over the years. Social media growth, unending memes, a loyal community and Elon Musk's support have all made DOGE one of the leading cryptocurrencies both in terms of popularity and market capitalization.
The easiest way to purchase Dogecoin is on a centralized exchange. As Dogecoin is one of the more popular cryptocurrencies, you should be able to find Dogecoin as an available option on most of the more popular exchanges. As with any crypto, be sure to check if the platform allows you to access your own digital wallet, which means you can send and receive Dogecoin. Some brokers only let you buy and sell Dogecoin with USD. Dogecoin Guides None of this means you can’t make money trading Dogecoin, but rather that it’s unlikely to have enduring value over time.
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