![]() ![]() If you want to get into the middle of the action, it is important to understand what the coin is used for in the first place. The Gamestop craze and a dedicated Reddit community made Dogecoin’s popularization even more remarkable.ĭogecoin can be used as a remittance or for trades. Other famous backers include Snoop Dogg and Kiss singer Gene Simmons. However, the most famous of them and probably the individual with the most influence is Elon Musk whose tweets about the coin have led to dramatic price changes. Several popular figures have backed Dogecoin. Investment-wise, price is determined by how much fans want the crypto asset to trade for Famous Backers: Its current price is $0.24 per token and there are numerous trading opportunities in its markets. While it was initially created as a joke, it quickly gained interest from the crypto-community partly due to the coin’s logo, the Shiba Inu.Ĭurrently, Dogecoin has a market cap of over $30 billion with more than 131 billion coins in circulation. It is a peer-to-peer, open-source coin created in December 2013 by Australian entrepreneur Jackson Palmer and software engineer Billy Markus. Often called “the people’s coin”, Dogecoin is a cryptocurrency described as fun and internet-friendly. What Is Dogecoin? Dogecoin General Overview: You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money. 75.8% of retail investor accounts lose money when trading spread bets and CFDs with this provider. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Investments are subject to market risk, including the loss of principal. and eToro UK Ltd.) & USA (by eToro USA LLC) which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. ![]() We have put together a list of the best providers below. ![]() If you want to add Dogecoin to your investment portfolio, one of the most reliable ways is buying through trusted exchanges and brokerage. This has generated a lot of excitement and opinions about the coin. Best Way to Invest in Dogecoin in 2023Ģ022 seems to have been the best year for Dogecoin since its creation in 2013. This guide will tell you how to invest in Dogecoin, where to buy Dogecoin, how it works, and its pros and cons.Īlso, if you want to learn how to buy in DOGE, check out our guide on how to buy Dogecoin online. Its popularity and massive price gains have led many people to consider investing in the coin. At first, it was created as a mockery of cryptocurrency but has since risen to fame having been praised by the likes of Tesla CEO, Elon Musk.ĭogecoin has become one of the hottest cryptocurrencies in the market, ranking within the top 10 based on market capitalization. Dogecoin is a cryptocurrency based on the Doge meme, a Shiba Inu dog. ![]()
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