Dogecoin How and why to buy
Dogecoin: How and why to buy. Cryptocurrency has been mainstream for several years with the first cryptocurrency Bitcoin valued at approximately $36,000 today.
While there are many other coins on the market, very few of them even close to the value of bitcoin, dogecoin is the latest coin going viral online.
It’s inevitable pic.twitter.com/eBKnQm6QyF
— Elon Musk (@elonmusk) July 18, 2020
The coin was started in 2013 as a joke and since then has maintained its value as a cryptocurrency.
Dogecoin was initially created as a joke in 2013, and now has a market cap of $4.5 billion
— UberFacts (@UberFacts) January 29, 2021
So why is dogecoin gaining momentum 8 years later and how and why should you buy some? Kindly note that this article is for informational purposes only, this is not financial advice.
It all started with Elon Musk. While Elon Musk has been tweeting about dogecoin for a while now and though he claims many of his tweets have been trolling, his millions of fanboys are taking them seriously.
This has led to at least a 20% rise in the cryptocurrency and an almost 200k rise in the official @dogecoin Twitter account.
Do Only Good Everyday
Charity, fundraising, supporting each other, teaching people about cryptocurrency, having fun, making memes, being absurd.
This is what #dogecoin is.
It is not harassment, threats, FOMO, baseless hype, abusive.
Be safe. Be smart. Be kindly. ❤️
— Dogecoin (@dogecoin) January 31, 2021
So for those who are taking this trend seriously and interested in buying dogecoin, here is how you can do this!
Using a cryptocurrency wallet such as Xchange, you can store your bitcoin.
There are a number of ways to buy DOGE. However, many find that it is easiest to purchase it through a trusted global exchange like Kraken or Binance.
Aside from offering the lowest fees in the industry, Kraken and Binance are constantly rated one of the most secure and trusted crypto exchanges in the world. This matters because if you lose the private key to your DOGE, it can be challenging if not impossible to recover your funds.
If you have dogecoin and you want to put it towards an altruistic project, click here to read more about the latest project the dogecoin community is excited about!