Last Updated on May 5, 2021 by cryptocreed
Recently you heard about Dogecoin cryptocurrency, right? Yeah just because of Elon Musk. Most of the newbies are showing their interest in the crypto world because of Elon Musks’ tweet that was related to Dogecoin.
Dogecoin is the 7th biggest cryptocurrency as per Coinmarketcap. Currently, the price of DogeCoin is $0.3145 and the total market cap is $40,593,708,966. The Dogecoin ticker is DOGE, the ticker is the short name of any coin like Bitcoin is BTC, Ethereum is ETH.
In today’s article, we are going to know what is dogecoin cryptocurrency and how you can buy Dogecoin. I will also cover, why people searching on google, Dogecoin Stock.
Also read about SafeMoon coin, one of the most trended cryptocurrency in the current year.
What is Dogecoin Cryptocurrency?
Dogecoin was created by Billy Markus, Oregon, and Jackson Palmer. It is a forked version of Litecoin that was done in Dec 2013.
The logo of DOGE includes Shiba Inu (Dog breed). The owner claimed that the coin was created as a fun and it is also known as a meme coin.
Recently Elon Musk, a CEO of Tesla, posted several tweets that show his favorite cryptocurrency is Dogecoin. But he never shared is he or his company has ever invested in Dogecoin or not.
Elon Musk is the founder of Dogecoin? Definitely no, Musk didn’t show his interest in crypto before.
How To Mine DogeCoin?
The mining process of Dogecoin is similar to Litecoin mining. If you have ever mined Litecoin then you can easily start mining DOGE too.
It is based on Scrypt technology.
Bitcoin has limited supply but this is not in the case of Doge Currency. Dogecoin is uncapped you can mine without any limit.
If you want to mine DOGE with GPU then you can do and if you want to mine using CPU then it is also possible.
Dogecoin price was stable for many years, it was stable for almost 5 years but suddenly everything got changes with few tweets, yes I am talking about Elon Musks tweet.
The cryptocurrency dogecoin price was floating somewhere around $0.002 to $0.001 but now it is trading at $0.35 and the highest price it touches was $0.4377.
From this, you can call it, “Elon musk dogecoin”
Doge Cryptocurrency Wallet
The official website of Dogecoin cryptocurrency has released a wallet for their coin. You can either use their core wallet or a light version of the wallet. if you are a beginner then the light version is best for you. The name of the light wallet is Multidoge.
You can download and use the wallet on Windows, Linux, macOS, and Android devices.
I do not suggest storing your cryptocurrencies in any centralized exchange. You can also use an online web wallet, https://my.dogechain.info but this is not recommended way for large amounts.
How To Buy DogeCoin
Almost every exchange available on the internet supports the trading of Dogecoin. If you want to purchase Dogecoin and you are a newbie then I suggest purchasing through Binance, because it is a trusted platform, easy to use, and has very low fees.
Or you can try other exchanges like HitBTC, KuCoin, BitMax, and Gate.io
Where to Purchase Dogecoin Stock
I was surprised when I got to know people do search for such things. There are no such things as cryptocurrency stocks dogecoin, Dogecoin is the cryptocurrency and not listed on any stock exchange.
You can purchase DOGE cryptocurrency from reputed crypto exchanges but you will not find them on any stock exchange.
The Dogecoin crypto logo includes the letter D and Shiba Inu a Japanese breed dog.