Cryptocurrency Investment: Dogecoin Review

Cryptocurrency Investment: Dogecoin Review

Late 2013, namely December 8, turned out remarkable for Portland engineer and programmer Jackson Palmer and Billy Markus. The guys launched a new Dogecoin digital asset, which later turned into one of the most popular projects.

The engineers picked the meme “Doge”, trendy in those years, as the asset’s logo. Over time, Dogecoin gained momentum and became very popular in the cryptocurrency market. As a result, DOGE turned into a very attractive crypto investment asset, and its rate began to grow exponentially. Elon Musk has become one of numerous Doge fans who advise to buy cryptocurrency DOGE.

Where to buy Dogecoin?

Doge is a very popular project, so it is on the cryptocurrency to buy list on almost all crypto exchanges. However, the most significant trade trading volume you will find on the following platforms:

  • Binance
  • Kraken
  • Coinbase

The most common trading pairs are DOGE USDT and DOGE/BTC.

The Technology of Dogecoin?

Just like Bitcoin and Ethereum, the DOGE currency is powered by blockchain technology. Coins are mined by solving complex math issues with a computer. The algorithm underlying the asset is a “Proof-of-work” consensus protocol. Miners receive additional Dogecoins for processing transactions and supporting the blockchain network.

The disadvantage of Dogecoin is inflation, which means there is no limited emission of the coins. It may negatively affect the asset’s price in the long term, but it does not prevent even large investors interested in cryptocurrency investment from adding the DOGE crypto to their portfolio.

DOGE act as a reward and “thanks” for posting content on well-known platforms such as Reddit, Twitter, Facebook, etc.

Remember that investments carry risk, so before buying this or that crypto asset, make sure you learn about it and comprehend the danger of losing money Slot Pulsa. To learn more about the crypto market and projects, check out the White Blog.

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