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Dogecoin has become increasingly popular in 2021. What started off as a “joke” within the Reddit community, quickly became a red hot cryptocurrency once it won the support of Tesla CEO, Elon Musk. As a result, you may have noticed that the crypto has been on fire and extremely volatile with lots of price spikes and downturns during the pandemic.
You may be asking yourself, will Dogecoin reach $1? I say yes, but mainly due to the extreme popularity of Dogecoin becoming widely accepted and adopted among reputable cryptocurrency exchanges like Gemini, Coinbase, Robinhood, and more. Dogecoin is quickly becoming an accepted form of payment for products and services, however, I recommend doing your own due diligence for research because of the extreme volatility of the coin.
How is Dogecoin different from Bitcoin and other cryptocurrencies?
The history behind Dogecoin is that the crypto was created by a software engineer based in Portland, Oregon in 2014 who wanted the crypto to be used by the masses. As a result, unlike popular cryptocurrency, Bitcoin, Dogecoin isn’t finite and partitions a new pool of Dogecoin to be mineable. Historically, the now popular coin, Dogecoin, some use cases were to help non-profits and charities through crowdfunding and even as a means to tip creative content creators and artists within the community online for fun or “karma.”
How to buy Dogecoin?
The most popular and well-respected cryptocurrency exchanges are Coinbase, Binance, and Crypto.com. They have been in the industry since the inception of crypto. To buy the crypto you are looking for, simply register for any of the cryptocurrency marketplaces below and claim the bonus sign-up offer as well.
How volatile is Dogecoin?
Dogecoin has been the talk among the general populace. What was once a mere $0.002 investment at the beginning of the year (May 5, 2020), is now effectively, $0.60, one year later (May 5, 2021).
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