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Dogecoin future of the Cryptocurrency.

by FRED ABANKWA 16 days ago in alt coins

It is never too late to invest in cryptocurrencies. The only cryptocurrency in the mind of most of the people is Bitcoin. A lot of people (newcomers) in the field of cryptocurrency tend to talk about Bitcoin. Why? This is because they forgot that there are hundreds of other cryptocurrencies. In a deeper search, some of these cryptocurrencies may be better than Bitcoin.

DOGECOIN

The only cryptocurrency in the mind of most of the people is Bitcoin. A lot of people (newcomers) in the field of cryptocurrency tend to talk about Bitcoin. Why? This is because they forgot that there are hundreds of other cryptocurrencies. In a deeper search, some of these cryptocurrencies may be better than Bitcoin. Dogecoin is one of the growing altcoin currently in the cryptocurrency community. (Click on (Binance or Gate.io or BirtMart) to view the link to buy DOGECOIN, and enjoy 40% commission)

Dogecoin is the new Bitcoin that was emerged inDecember 2013. It was created by two software engineers Billy Markus and Jackson Palmer as fun and instant cryptocurrency. The creators of other cryptocurrencies and payment systems try to encourage and attract users with certain technological moves and innovative solutions. Dogecoin is a digital currency just like Bitcoin, used for e-transactions. The developers used an image of a Japanese Shibu Inu dog as Dogecoins’s sysmbol, a meme that flooded the internet. The dogecoin was a product that people started using as soon as it was released, much to the two engineers’ surprise. From the site of dogecoin.com over a million unique visitors the site within the first month. Palmer, who had been following the developments dogecoin the cryptocurrency before the product was released tweeted , “investing in Dogecoin, pretty sure it’s the next big thing.” Dogecoin gained popularity in a different way, and significantly increased in value. It has become one of the popular cryptocurrencies on the market.

WHY DO YOU NEED DOGECOIN

Only a few weeks back people were making memes about Dogecoin. Currently it has become bigger than it ever was. It’s a cryptographically protected online network that lets one user send DOGE to another in a permissionless way. It works, though it’s not nearly as secure or decentralized as Bitcoin.

Doge cryptocurrency is booming at the moment. From the table, it can be seen that all the other cryptocurrencies are dipping while Dogecoin stands to rise. Dogecoin is an open source peer-to-peer digital currency, favored by Shiba Inus worldwide.

Graphical analysis

Currently Dogecoin has more than 129 billion DOGE in existence, and more may be minted. This is make Dogecoin great for small transactions, which is why it’s used for tipping and donations. However, Dogecoin has no supply limit. This implies that there is an endless amount of Dogecoin and so the price will not increase as much as other coins like Litecoin and Bitcoin which has limited supply. The market cap for Dogecoin is $ 7.272B with 128.008B DOGE circulating currently. The 24-hour price movement chart indicates that 35.623B worth of DOGE were trading as at today 25th April, 2021. DOGE had been a hot investments over the past 12 months surging 18600% at recent price. Why you need DOGE? Is one of the trending cryptocurrencies , which is grabbing a critical spot in the crypto space. Is the high value as predicted by experts. It aims to become the default crypto for merchant payments in this year and future. This will eventually lead to greater gains. DOGE is one of the top 30 cryptocurrencies by market capitalization.

DO I NEED TO INVEST IN DOGECOIN?

Yes, this is because people have indeed made plenty of money from buying Dogecoin and you can also do the same . Although it was very much initially intended as a joke currency. All you need is to put small amount of money into it then it might not be such a bad idea.

Seeing as it’s anyone's guess if it could blow up again. In January 2018, Dogecoin had a market capitalization of nearly $2bn. The end of April 2021, its market capitalization was near $ 7.272 bn. Potential growth of Dogecoin indicates that the cryptocurrencies has a wide range of possibilities. When a single tweet from Elon Musk can lead to an over 20% price increase in one day, imagine where a more targeted and serious approach may lead. You need to invest in Dogecoin because it provides high transaction processing speed and extremely low fees, bypassing more successful projects in terms of capitalization.

Use the referral link below to buy DOGE by clicking on it and get 40% commission when trading. Grap this opportunity.

1. Binance

https://accounts.binancezh.io/en/register?ref=113220390

2. Gate.i0.

https://www.gate.io/signup/3886603

3. BitMart

https://h5.bitmart.com/invite-gift/en?r=q4wK8f&u=fre****@gmail.com

Thanks for reading. If this article is helpful just give us thumb up. It is never too late to invest.

Writer: Abankwa Frederick.

alt coins
FRED ABANKWA
FRED ABANKWA
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FRED ABANKWA

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