Dogecoin has a very strong community backing it up. Unlike Bitcoin and Ethereum, the community behind Dogecoin raises money gives to charitable causes, which drives a greater sense of purpose. Dogecoin is basically a tipping service which makes micropayments possible.
What is Dogecoin?
Dogecoin is a cryptocurrency which has the Japanese breed Shiba Inu dog as their logo. The “Doge” Internet meme made the word popular, and initially, Dogecoin was developed as a joke currency in December of 2013.
Compared to other coins, Dogecoin had a fast initial production schedule – 100 billion coins were in circulation by mid-2015 and an additional 5.256 billion added every year. Dogecoin is referred to as an altcoin.
June and the months following have been really great for Dogecoin. The Doge to BTC value may not be great, but traders can make a lot of money by making the right moves.
As of 1st July, Doge is trading at $0.003154. Here are the essential factors you need to know:
- The price of DOGE is noted as $0.0037 and 0.00000033 BTC
- The market cap of the coin is now $448,677,523
- The 24 h volume of the coin is $184,691,202
- The circulating supply of the coin has reached 120,233,153,654DOGE
- The ROI of the coin stands at 569.81%
Dogecoin seems to have entered a downtrend. This is the best time for interested crypto enthusiasts to invest in Dogecoin. However, remember to invest in the best Dogecoin wallet and never keep your Dogecoins on the cryptocurrency exchange.
Dogecoin – Last Week
While the week was mostly slow for other crypto coins, Dogecoin saw a record surge of 27%.
Mass acceptance strategies for Dogecoin were introduced. More importantly, Dogecoin has been able to grab the eyes of key investors. There have been mixed trends and coin has displayed a stable coin making a lot of people call the coin a stablecoin.
Dogecoin is now accepted on FOMO Hunt as a legitimate mode pf payment. This is bound to push Doge beyond its current limits and encourage other platforms to do the same.
Dogecoin was also listed on Binance recently and reached $0.0044 value. Overall, Dogecoin’s value will surprise investors.
Dogecoin Price Prediction – For the Future
Dogecoin has seen a 2x growth in the last 6 months. Even influencers like Elon Musk have taken notice of the coin. Given Facebook’s Libra announcement, it is likely that all crypto coins, including Dogecoin, will see an increase.