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Information about DOGE
Dogecoin is the first and most popular meme coin, which is known for its fast transactions and cheap fees. It was created in 2013 as a joke by two engineering programmers who were inspired by a meme with a Shiba Inu dog called Kabosu. A huge community of fans formed around the funny crypto with a cute image on the cover, which to this day is the main part of Dogecoin's management. Elon Musk has also been among the followers and has been a huge supporter, which gives more popularity to the meme coin.
Talking about practical applications, DOGE is a great option for traders due to its high throughput (33 TPS) and its low transaction fees (less than a dollar). In terms of a high volatility, especially during periods of high-profile events around it, Dogecoin allows to pick up profits on short trading, as it attests the trading volume of $411.62M over the past 24 hours. As for the price, the lowest over the past 24 hours was $0.1457 , while the highest was $0.1508 .
FAQ
You can store DOGE in a crypto wallet. To do this, choose a service that specializes only in cryptocurrency wallets, or prefer a crypto platform with a built-in crypto wallet. In the second case, you will have the advantage of trading, and using the P2P platform. You need to sign up on the platform and fund your wallet in any convenient way, for example, with a bank card. A good option is the Cryptomus platform; thanks to its user-friendly interface, you will understand the functionality in a short time, and in case you have any questions, you can always write to the support service in Telegram messenger or send an email.
You can buy Dogecoin on crypto exchanges, and the P2P platforms directly from other users. Let's discuss the most common optionāusing a bank card on a crypto exchange. First, select DOGE as the desired crypto and specify the fiat currency to pay for the purchase. Later, enter the amount of crypto you want to buy or the amount of fiat you are ready to spend. Either way, the platform's algorithms will automatically convert one number into another. Next, you will only have to confirm the transaction by entering your bank card number and the subsequent payment. After confirmation, the funds will arrive in your crypto wallet. You can also purchase DOGE on the Cryptomus platform using a bank card or trading on the P2P platform.
DOGE is usually used as a means of payment due to its low fees and high transaction processing speed of a few minutes. You can also pay with DOGE for online content as well as for goods and services. For example, companies like Tesla store, Newegg, and Shopify accept DOGE as a payment method.
Dogecoin is popular because of its active community and support from celebrities such as Elon Musk and Snoop Dogg. It can be seen that the value of DOGE rises noticeably after Musk's tweets, where he touches on this meme coin. For example, the price of DOGE surged 128% from $0.32 to $0.73 after his appearance on Saturday Night Live (SNL), where Elon Musk called himself "Dogfather".
DOGE never had and does not have a CEO. All management and further development of the project are taken by the community. However, there are rumors that Elon Musk is the CEO of Dogecoin, which has not been confirmed to date.
Dogecoin runs on a Proof-of-Work (PoW) consensus mechanism, so it gives you an opportunity to mine DOGE and earn.
The all time high price in the history of Dogecoin reaches $0.7376 and the all time low price is $0.0485.
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