What is dogecoin and how to buy and invest in dogecoin?
Do you know what is Dogecoin? How can you buy Dogecoin?
Today you will get to know many more such information about Doge Coin.
You must have probably heard the name of cryptocurrency, and if you have not heard it, then you must know that in today's time, if there is anything more valuable than gold and diamond, then it is cryptocurrency.
Or you must have heard the name of bitcoin. So is dogeicoin. Today in this article you will get to know many more things about it.
If we talk about Cryptocurrency and not talk about Bitcoin then it is not possible at all. Because Bitcoin is the first cryptocurrency in the world. Which was created by Satoshi Nakamoto in 2009.
It is a digital currency that is used to buy goods and services online only. It is a de-centralized currency which means that there is no hand of the government or any institution on it.
Let us now tell you about Dogecoin, what it is, and how it started.
What is Dogecoin
Dogecoin is a virtual ie digital currency . It is completely different from other currency because we can neither see nor touch Dogecoin like money. We can only buy and sell Dogecoin online. You can just trade in it.
Dogecoin, like other cryptocurrencies, is a digital currency that you can trade in. Dogecoin was started as a joke in 2013 by software engineers Billy Markus and Jackson Palmer.
It is believed that there are more than 128 billion Dogecoins in circulation around the world. This is being said to be just a beginning. Looking at the current figures, people's interest in Dogecoin cryptocurrency has increased significantly more than bitcoin.
There is also a funny story behind the creation of the Dogecoin cryptocurrency which is related to the meme of a dog and inspired by this inspiration to create this coin. When it was created, it did not get much benefit even after a long time, but at present this currency is touching the sky in discussions.
Who owns Dogecoin?
Dogecoin is owned by Billy Markus and Jackson Palmer. He started Dogecoin in 2013. And both are software engineers. He started Dogecoin jokingly, which has become the currency of billions today.
It was started by Billy Marcus and Adobe Engineer Jackson Palmer for Peer-to-Peer Transaction. Instead of choosing a fancy emblem for DodgeCoin, he chose the Shiba Inu, a breed of Japanese dog. It had already become popular online.
Why is Dogecoin in the news so much?
If we talk about why Dogecoin is in the discussion, then let us tell you that the reason for the discussions at present is a tweet by the co-founder of Tesla and Space X, included in the list of the world's richest man .
dogecoin and elon musk
In this tweet, Tesla co-founder Elon Musk said that he will launch a rocket towards Space X and in that rocket he will send a copy of this Dogecoin. After this, as if its price came out and there was a jump of 5 to 6 rupees in it. And now it has jumped 180 percent.
Everyone is advising to invest in this currency because the price of this Dogecoin cryptocurrency is going to skyrocket very soon.
Elon Musk also considers bitcoin to be the better cryptocurrency. They have invested extensively in it and have approved payments in this cryptocurrency. Elon Musk wrote in a tweet – 'Bitcoin is a good thing.
In the early stages, Dogecoin did not have the same success as Bitcoin and Ethereum. However, within 72 hours of its launch, there was a jump of 300 percent in this crypto currency.
Let us tell you that Litecoin and Luckycoin also use script technology based on the password of Dodgecoin. At the same time, SHA-256 encryption technology is used in bitcoin.
What are the advantages of Dogecoin ?
The chances of fraud in Dogecoin are very less.It is more secure than normal digital payment . And transaction fees are also very low in this, if we talk about other payment options then accounts are very secure in this because different types of Cryptography Algorithm are used in it.
What are the disadvantages of Dogecoin?
Once a transaction is completed in Dogecoin, it is impossible to reverse it because there are no such options in it.
If your Wallet ID is lost then it is lost forever as it is not possible to recover it. In such a situation, whatever money you have in your wallet is lost forever.
What is the future of Dogecoin?
According to some scholars, the future is being told very good. It can be estimated that there may be an increase of 50 to 80 percent in its current rate.
If you invest in it today then this can be a great opportunity for you and this cryptocurrency can give you a good earning in future.
How to buy Dogecoin?
If you also want to buy Dogecoin then you can buy it. Dogecoin, like any other cryptocurrency, can be purchased through a cryptocurrency wallet or online platform.
There are also dedicated wallets for DodgeCoin, which can be purchased via smartphone. Dodgecoin can be bought in India through BuyUcoin, Bitbns, or Zebpay. Before buying cryptocurrency on these platforms, KYC process has to be completed. I will tell you easy way to buy.
Buying a doge Coin is quite easy:
- First download the coinswitch app
- After that complete your KYC by signing up in coinswitch app
- Now add money to your coinswitch kuber account
- After that buy Shiba Inu coin
What is the future of Dogecoin?
If we talk about the future of Dogecoin, then the craze of investors about it can be gauged from the fact that its market cap has reached about $ 86 billion.
And it has even surpassed giants like Honda. Honda has a market cap of $54.42 billion. The enthusiasm of investors towards Dogecoin can be gauged from the fact that RobinHood, one of the world's most popular trading platforms, crashed. Coinswitch kuber app , the largest cryptocurrency exchange in India also went down for some time due to the same reason.
Conclusion -
In this way, now you must have come to know what is Dogecoin, and you must have come to know many more things about Dogecoin. And also you must have got very good information for Dogecoin.
If you know anything more about Dogecoin and then you can tell us with the help of comment box. Or you can ask us something.
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