Should we invest in Dogecoin?

Doge Coin has had a spectacular growth in the past few years. So what is Dogecoin? What difference does it have? Where to create a storage wallet and buy and sell DOGE Coin? Which Dogecoin exchange is reputable and safe? Should you invest in Degecoin? Join us to find out and review this coin through the article below.

What is Dogecoin?

Dogecoin (symbol: DOGE) is an electronic currency or cryptocurrency that is built and developed on the foundation of Litecoin. Dogecoin was created based on the rather unique idea of ​​the meme word “Doge”. Dogecoin virtual currency launched on the market very early on December 8, 2013, its coin creation speed is much faster than other digital currencies. According to CoinMarketCap statistics, by the end of 2014, there were nearly 100 billion DOGE in circulation on the market. After that, 5.2 billion coins will be generated each year. As of February 1, 2014, over 40 billion coins have been mined.

Dogecoin development history

Dogecoin founder Billy Markus – a programmer and former engineer working at IBM, in Portland, Oregon. He was initially experimenting with his own digital currency “Bells” based on Nintendo’s Animal Crossing series. He hopes the digital currency will reach other groups of users beyond the investors that created Bitcoin’s economy and not get involved in the controversy in the history of Bitcoin (Silk Road).

At the same time, his friend Jackson Palmer, a marketing officer at Adobe Systems in Sydney, Australia, and who originally came up with the idea of ​​Dogecoin, was told by a student at Front Range University. via Twitter to make that idea come true. This led Palmer to meet Markus.

After being mentioned several times on Twitter, Palmer bought the domain dogecoin.com, then showed it to Markus and quickly created a partnership between Markus and Palmer. Dogecoin was released shortly after Markus completed the Dogecoin wallet. Markus created Dogecoin based on Litecoin, which means it also uses the scrypt algorithm. The Dogecoin network initially had a limit of 100 billion coins.

How does Dogecoin work?

The way Dogecoin works is based on public password encryption. Each DOGE transaction address will have a personal password and a public password. Only a personal password is capable of decrypting the encrypted data associated with the public password, thus ensuring security even when public passwords are widely shared. Dogecoin addresses are public passwords 34 characters long and begin with the letter D.

Current DOGE Coin exchange rate

At the time of writing this article (May 2, 2021), the price of 1 DOGE = $ 0.3797 with a total market cap of $ 49,099,010,090 and ranking 6 on CoinMarketCap. DOGE digital currency has 129,433,561,915 coins in circulation in the market, the total supply is unknown. You can see the Dogecoin Rate, updated by us in real time 24/7 to get a grasp of the price movement of this coin.

Source: Coinmarketcap

Where is the safest place to create a DogeCoin coin storage wallet?

To create a Dogecoin wallet you can use Dogecoin Wallet, which is a wallet platform created by Dogecoin’s founding team to help users store DOGE easily and securely, currently available versions for the machine. computers (Windows, Mac OS, Linux) and phones (new Android, iOS coming in the future).

If you like convenience, fast and easy to use, DogeChain is the best wallet for you to store DOGE, this is a popular online web wallet platform. I already have the instructions to create and use, you see below.

In addition, Coinomi wallet is also a good and safe choice to store your DOGE coin, this is a mobile wallet service that supports a lot of Altcoin and different reputable tokens, Coinomi is a very popular wallet. and is used by many investors around the world.

The following article we will guide you how to create a Dogecoin wallet on a computer with Dogecoin wallet for those who like to use Dogecoin’s own wallet. Remember to follow the Blog I Love Bitcoin to update.

Where to buy and sell DOGE coin? Which exchange is reputable?

Dogecoin virtual currency is really popular, although it is not appreciated in terms of technology, there have been many large and small exchanges listing DOGE, most notably Binance – the largest exchange in the world. , supported DOGE transactions. See the list of exchanges that can buy DOGE coins in the image below.

List of places to buy and sell Doge coin

And there are even some other decks too, but the volume is small. In particular, the Binance exchange owns the largest volume of DOGE copper trading and I also recommend using Binance to buy and sell DOGE because it is the largest exchange in the world, cheap and safe.

Should we invest in DogeCoin coin?

As in other articles, in this section I will say my personal opinion, you should not see this as an investment advice, just refer and make your own decision whether to invest in Dogecoin or not. Although Dogecoin is in the top 20 largest coins in the market, I do not find it useful and in fact, Dogecoin price also fluctuates very erratically, which will be more suitable if you is trading.

Find out more information about the DOGE coin

– Official website: http://dogecoin.com/
– Whitepaper: https://github.com/dogecoin/
– Bitcointalk topic: https://bitcointalk.org/index.php?topic=361813.0
– Check transaction: http://dogechain.info/chain/Dogecoin
– Twitter: https://twitter.com/dogecoin
– Reddit: https://www.reddit.com/r/dogecoin
– Source code: https://github.com/dogecoin/dogecoin

So we have finished sharing all of the information about digital currency Doge coin, hope the article will have more information you need to make the right investment decision. If you feel our post is useful, don’t forget to Like, Share our article.

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