After Elon Musk tweeted he would eat a happy meal on TV if Macdonald’s started to accept Dogecoin as payment yesterday, the dog-themed meme coin gained 8%. Its rally continues today: it has added another 8% to its value.
If you are attracted to unique features and want to learn how and where to buy Dogecoin, this guide is for you.
Top places to buy Dogecoin now
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What is Dogecoin?
Dogecoin (DOGE) uses Scrypt technology and has a block time of 1 minute. Unlike Bitcoin, its 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.
In 2014, a not-for-profit foundation was formed by members of the Dogecoin team to provide support, advocacy, trademark protection and governance for the cryptocurrency project. After several years of being inactive, it relaunched in 2021.
In addition to some members of the original team, the Dogecoin project now has some seasoned industry players as part of its board of advisors.
Should I buy Dogecoin 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.
Dogecoin price prediction
CryptoNewsz is bullish on Dogecoin. They predict it will reach $0.168 this year, up from its current price of $0.1454, but it will face some resistance levels. The first one will be $0.1553, the second – $0.149, and the third – $0.1649. Then, it will reach $0.168.
Dogecoin on social media
https://twitter.com/idealistkripto/status/1486052067793907712
