Doge Price? Dogecoin is becoming a fast-growing cryptocurrency. It can be used to make purchases and also use for payments, although not a very effective store of value. Due to there is no lifetime cap on the number of dogecoins that may be created by mining.
However, every dogecoin owner carries an identical copy of the dogecoin blockchain ledger, which is frequently updated with all new transactions in the cryptocurrency. The blockchain network uses cryptography to secure all transactions on the platform.
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Dogecoin between last week has been gaining massive recognition, following the Elon Musk tweet. This is a good sign for the company, for a highly reputed person like Musk to comment about dogecoin it’s impressive. Moreover, a lot of people out there are now thinking about buying the coin.
If you’re still wondering if you should buy dogecoin, this article will help you a lot. So, endeavor to read to the end. What is the current Dogecoin price today? Doge price at the time of this writing is $0.4947. just like other cryptocurrencies, dogecoin price varies, it goes up and down.
So, to get the current price anytime any day, ensure you visit the price chart. On the dogecoin price chart, you will see how the market is moving, that’s how the price is going back and forth.
Doge Price Prediction
Want to know doge price prediction 2021 and beyond? 2020 seems like a great year for crypto traders, due to the lockdown saga. But this year looks more promising for crypto, especially for dogecoin. Looking at the way Elon Musk is interested in the coin; you can bet that so many people will dive into the coin.
If it continues this way, before the end of the year the price will rise from $0.4947 to a higher price. It might end up becoming a hot cake by 2022, 2023, and beyond.
Should I Buy Dogecoin
Seeing the way Musk has being promoting dogecoin, the coin may emerge strong and dominant in the crypto market. I think it will be a massive increase, so it’s not a bad idea to buy the coin.
However, the coin has been growing so quickly right after it was endorsed by Musk, and Elon Musk considering using the coin as the payment method in his company-Tesla if it meets his demands. If that finally happens, don’t you think it will be a great blow for the coin?
To invest in dogecoin, follow the procedure outlined below.
- Locate a crypto exchange platform, you want to buy coins from.
- Sign up for an account with the Exchange like Binance.
- Go ahead and fund your Binance account.
- Start buying Bitcoin.
With the above steps, you will successfully invest in dogecoin.
Dogecoin Elon Musk
Elon Musk was the self-appointed tecknoking of Tesla who was once voted dogecoin’s CEO, currently indicated That Tesla might have sold more of its BTC holdings and proposed a radical dogecoin upgrade for it to become the currency of Earth.
His response post Musk responded to a post made by a dogecoin fan on Twitter “Ideally, doge speeds up block time 10x, increases block size 10X and drops fee 100X. Then it wins hands down.”
He said, “low fees and high volume are needed to become the currency of earth”. However, Musk’s tweets with last week have already boosted the dogecoin price, with a Twitter poll asking whether Tesla should accept dogecoin as payment. Let’s keep our hands crossed as the main picture unveils.