Early in the morning of January 14, Tesla began accepting Dogecoin as payment for some of its products in its online store. Dogecoin has been gaining on this news for a few days.
This short guide has everything you need to know about Dogecoin, including where the best deals on Dogecoin are right now.
Best Places to Buy Dogecoin Now
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What is Dogecoin?
Dogecoin was created as the friendliest and most accessible analogue of Bitcoin. This is not the only difference; it also differs from Bitcoin’s proof-of-work protocol in its use of Scrypt technology.
Dogecoin has a block time of 1 minute and the total supply is uncapped, meaning there is no limit to the number of Dogecoin that can be mined. You can mine Dogecoin solo or by joining a mining pool.
A Doge miner can mine digital currency on Windows, Mac, or Linux, or with a GPU. Since 2014, you can also mine Litecoin in the same Dogecoin mining process, as the processes have been merged.
Should I buy Dogecoin today?
Dogecoin is the most valuable coin, but is still a coin and subject to extreme price fluctuations as such. A single tweet from a crypto meme lord like Musk can impact its value. Before deciding to invest in it, research the market and be prepared for the unexpected.
Dogecoin Price Prediction
Crowd Wisdom recommends buying now. They expect Dogecoin to trade between $0.16 and $0.20 in the next few hours. Their current outlook is positive. This year, Dogecoin will change hands for at least $0.08 and a maximum of $1.
Dogecoin on social networks
— Mr. Whale (@CryptoWhale) January 14, 2022