The cryptocurrency that Tesla CEO Elon Musk once named his “favorite cryptocurrency” is back within the limelight yet again. Dogecoin (DOGE) has skyrocketed 800% in value amid a buying frenzy fueled by social media site. The coin which was once worth a small fraction of a penny lower than ago was valued at $0.07 per coin on January 28, 2020 year.
If you’re considering buying DOGE, make sure that the risks are comprehended by you. Our guide for novices will help you find out about DOGE and also make your first investment.
Branding itself the “fun and” that is friendly currency, Dogecoin is really a peer-to-peer and open-source digital currency introduced in December of 2013. The idea that is original Dogecoin was to create a far more memorable cryptocurrency project to help the public understand the technology behind blockchains.
Dogecoin is built on the same technology that is basic other cryptocurrencies like Bitcoin. However, DOGE introduces a couple of improvements to Bitcoin’s technology to allow users to get into quicker and more trading that is affordable. It is possible to tap into an supply that is unlimited of and also the cryptocurrency trades for a range major exchanges.
Brief History of DOGE COIN
Dogecoin had been introduced as being a laugh in 2013 to help raise awareness that is public of capabilities of blockchain technology. Doge is just a mention of the a viral ‘doge’ meme that had an image of Shiba Inu dog. The cryptocurrency had been devised by computer software designers Billy Markus and Jackson Palmer.
Though Dogecoin had been originally intended as being a laugh, DOGE quickly began gaining momentum as a result of its vibrant and passionate community that is online. Dogecoin was taking part in lots of highly news that is public, including its successful $50,000 fundraiser to send the Jamaican Bobsled Team to the 2014 Winter Olympics after they qualified but could not manage to go to.
DOGE happens to be the 13th cryptocurrency project that is largest when measured by total market capitalization, with a market cap of more than $5.9 billion.
Step 1: Open an online crypto Trading account.
The first step to buying Dogecoin is to open an account in a cryptocurrency exchanger that listed DOGE.
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Step 2: Add Fund to your trading Account & Make your purchase.