The price of Dogecoin has been surging ever since Elon Musk announced Tesla would start accepting it as payment for some of its merchandise. This became possible during Asian hours this morning. At the time of writing, Dogecoin had gained 13%.
This short guide has everything you need to know about Dogecoin, including where the best deals on Dogecoin are at the moment.
Top places to buy Dogecoin now
eToro is one of the world's leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It's social copy trading features make it a great choice for those getting started.
What is Dogecoin?
Dogecoin was designed to be a friendly, more approachable form of cryptocurrency that could reach users put off by the cold complexity of Bitcoin.
Its name is taken from a popular Internet meme. A choice feature of Dogecoin today is as a tipping service. Users will tip other users for posts or contributions that they believe deserve recognition.
It is a more influential way rather than just “like” on any social media platform that encourages other users to read the review and be encouraged to buy Dogecoin.
Should I buy Dogecoin today?
A typical meme coin, Dogecoin is prone to wild price fluctuations, usually related to one tweet or another. Before you decide to invest in it, study the market and be prepared for the unexpected. Your decision depends on your risk tolerance.
Dogecoin price prediction
CryptoNewsz predicts the price of Dogecoin will continue the gradual upward trend. They believe it will pass $0.41 by the end of 2023. The predicted high for 2023 might be over $0.42. The lowest it can drop to next year is around $0.34. Currently, it’s trading for $0.1944.
Dogecoin on social media
— Randy Crypto Savage (@RandyCryptoSav1) January 14, 2022