Dogecoin has been on a somewhat unexpected bull run, adding 12% to its value today. Yesterday, news of whale purchases led to a price hike as well. If you want to know what DOGE is and where to buy it, you’ve come to the right place.
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What is DOGE?
Dogecoin (DOGE) is a popular dog meme coin. It is a Litecoin fork created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia.
Dogecoin differs from Bitcoin's proof-of-work protocol in several ways, one of which is by using Scrypt technology. The altcoin has also a block time of 1 minute, and the total supply is uncapped, which means that there is no limit to the number of Dogecoin that can be mined.
You can mine Dogecoin either solo or by joining a mining pool. A Doge miner can mine the digital currency on Windows, Mac or Linux, and with a GPU.
Dogecoin has been used primarily as a tipping system on Reddit and Twitter to reward the creation or sharing of quality content. You can get tipped Dogecoin by participating in a community that uses the digital currency, or you can get your Dogecoin from a Dogecoin faucet.
Should I buy DOGE today?
Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never take any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose.
DOGE price prediction
Wallet Investor predicts that the price of DOGE will grow long-term. In 2027, it will trade for $1.14. A 5-year investment will generate revenue of around +560%. A $100 investment might go up to $660 in 5 years if WI is right.
DOGE on social media
Good morning, #Dogearmy! Grab you bags while you can! #Dogecoin on the move!! #DogecoinToTheMoon #DogecoinRise pic.twitter.com/hDrrCcVjKA
— MOAR_HODL (@MoarHodl) January 12, 2022
