Cryptocurrencies are taking the world by storm, and one of the most popular among them is DOGECOIN. This digital currency has taken social media by storm, with famous people like Elon Musk tweeting about it, causing its price to soar. In this article, we will discuss what DOGE crypto is, its history, how to buy DOGE, and DOGE price.
What is DOGE Crypto?
DOGE crypto, also known as Dogecoin, is a digital currency created in 2013 by two software engineers, Billy Markus, and Jackson Palmer. DOGE crypto was created as a fun and friendly alternative to Bitcoin. It is based on the same technology as Bitcoin, which is the blockchain, but with some significant differences.
The main difference between DOGE crypto and Bitcoin is that DOGE has an unlimited supply. While Bitcoin has a maximum supply of 21 million coins. Additionally, DOGE has a much faster block time than Bitcoin. This means that transactions are processing much faster than Bitcoin.
DOGE crypto has a rich and interesting history. It all started in December 2013 when Billy Markus and Jackson Palmer created DOGE crypto as a joke. They used a popular meme featuring a Shiba Inu dog as the face of the currency. Surprisingly, DOGE crypto gained a massive following on social media, and its value began to rise.
Over the years, DOGE crypto has had its ups and downs, but it has always maintained a loyal following. However, it was not until 2021 that DOGE crypto really exploded in popularity, thanks in large part to tweets from Elon Musk. In January 2021, DOGE crypto was trading at less than $0.01 per coin, but by May of the same year, it had reached an all-time high of $0.682 per coin.
How to Buy DOGE
The cryptocurrency is based on the popular internet meme, “Doge,” which features a Shiba Inu dog. Despite being created as a joke, DOGE has gained a massive following and is now one of the most popular cryptocurrencies in the market.
Buying DOGE is a relatively simple process, and there are several ways to do so. Here are the steps you need to follow to buy DOGE:
Choosing the Exchange:
There are several cryptocurrency exchanges that support DOGE trading. Exchanges include Binance, Kraken, MEXC Global, and Coinbase. Choose an exchange that supports your preferred payment method and has a good reputation in the market.
Sign up and verify your account:
Once you’ve chosen an exchange, sign up for an account and complete the verification process. This usually involves providing personal information and submitting identification documents.
Add funds to your account:
After verifying your account, add funds to your account using your preferred payment method. You can add funds by using a credit card or bank transfer.
Once you have funds in your account, navigate to the DOGE trading pair and place a buy order. Specify the amount of DOGE you want to buy and the price you’re willing to pay.
Transfer DOGE to your wallet:
After your order is filled, transfer the DOGE to your personal wallet for safekeeping.
The price of DOGE is determined by market demand and supply. The price can be volatile and is subject to fluctuations based on various factors, including news events, adoption rate, and investor sentiment. It’s important to keep track of the latest DOGE price to make informed investment decisions. The current price of DOGE is 0.071 when we are writing this post.
In conclusion, DOGE is a popular cryptocurrency that has gained a massive following in recent years. Buying DOGE is a simple process, and there are several reputable cryptocurrency exchanges that support DOGE trading. However, it’s important to keep track of the latest DOGE price to make informed investment decisions. We hope this guide has provided you with all the information you need to buy DOGE and stay up-to-date with the latest DOGE price.
Jeena Alfredo is a passionate digital marketer at The Business Goals. She is working with other companies to help them manage the relationship with The Business Goals for the publications.