Dogecoin is an internet sensation inspired by the Shiba Ine meme project. The DOGE token gained popularity after Tesla CEO Elon Musk declared it his favorite cryptocurrency. The project features Shiba Inu on the logo. It was launched in December 2012 as a playful token.
If you are impressed with the project, know more about it. We have all the relevant information regarding Dogecoin. Check out its functionalities, current status, investing options, tokenomics, buying process, and the credibility of the project. We strongly recommend you have a detailed analysis of the project before investing.
Let us explore Dogecoin:
Dogecoin (DOGE): Project Overview
Dogecoin is different for its unique branding game and its high inflationary supply. The project fosters a fun-loving and exciting community. The token can be used for tipping on Reddit and Twitter. Users can share the token as tips for good content. The Dogecoin community even takes the initiative to fund deserving causes and projects. They have unique coordination and unity within the ecosystem.
Dogecoin (DOGE): Current Status
Initially introduced to the crypto community as a fun coin, the evolution of Dogecoin is truly amazing. It has reached a market capitalization of US$60 million by January 2014. The project catered to a fast initial coin production compared to other cryptocurrencies in the market. The total number of tokens reached 100 billion by June 2015. Anyhow invest,ment decisions can be made only after evaluating the currency performance of the token. We will walk you through the market performance of DOGE tokens. Check out the currency status of the DOGE token.
Market Capitalization: $25,064,258,318
24-hour Trading Volume: $2,3378,220,599
Circulating Supply: 146,576,496,383
Total Supply: 146,590,636,383
Chains: BNB Chain Ecosystem
Dogecoin (DOGE): Buying Option
If you are looking forward to buying DOGE, you will have to create your account on a cryptocurrency exchange. Make sure that the exchange supports the DOGE token. The crypto exchange will help you to buy, sell, and trade cryptocurrencies. You can trade Sogecoin on centralized crypto exchanges. Here is the list of exchanges with DOGE token:
- Binance
- Coinbase
- Gemini Crypto
- eToro
- Robinhood
- Upbit
- OKEx
- WhiteBit
If you want to go with the most popular option, you can choose Binance. Doge has a trading volume of $345,482,072 for the past 24 hours with an active trading pair DOGE/USDT. The exchange functions as a portal that helps you trade the token of your choice. Choosing the exchange is like choosing the trading partner. You can compare between the options. Check for transaction fees, customer service, reliability, and reputation. Take time before making a decision.
Dogecoin (DOGE): How can you buy it?
Do you want to invest in DOGE? The process involves certain steps. Once you have decided on the investment budget, you can proceed with the investment process. Here is how you can invest on DOGE after the exchange option is finalized:
Step 1: Exchange Account
The first step is to create your account in the exchange. This involves including your email address, and strong password and completing the identity verification process. You can create an account on the website or application.
Step 2: Funding for Purchase
You can now proceed to choose a funding method. Every exchange offers different funding options for you to choose from. You can proceed with the Credit Card, Debit Card, P2P Trading, and Bank Transfer payment methods. You can confirm the payment options in the exchange before choosing them.
Step 3: DOGE Purchase
After the funding of your account is processed, you can now move on with the purchase of the token. The tokens are visible on the “buy and sell” section of the exchange. You have to carefully choose DOGE from the options.
Step 4: Transferring DOGE
After the purchase, you can either choose to keep the token in the account or save it to your cryptocurrency wallet. You can trade DOGE for other cryptocurrencies as well. This can earn you additional passive income.
Reminder: Make sure that you are on the right platform throughout the process. Stay away from scams. Do not follow or click on suspicious links and websites.
Final Thoughts
Dogecoin has been trending within the crypto community for its user-cases and community. Crypto enthusiast seems convinced regarding the potential of the token. As per the analysis of the project, DOGE seems to be a credible investment option. If the currency price of the token seems higher than your budget, it is possible to buy a fraction of the token. You have to make decisions depending on your research about the project. It is mandatory to have your research done about the token and its potential before finalizing the investment strategy. Always make informed decisions within the crypto ecosystem. Good luck for your involvement with Dogecoin!
