Dogecoin had a somewhat unexpected bull run. It added 12% to its value today. This article contains everything you need to know about how and where to buy Dogecoin.
Best Places to Buy Dogecoin Now
Bitfinex is a bitcoin exchange platform that provides advanced services for digital currency traders and liquidity providers.
Buy DOGE with Bitfinex today
What is Dogecoin?
Dogecoin (DOGE) is based on the popular internet meme “doge” and features a Shiba Inu dog on its logo. The open-source digital currency was created by Billy Markus of Portland, Oregon and Jackson Palmer of Sydney, Australia, and spun off from Litecoin in December 2013.
The creators of Dogecoin envisioned it as a fun, lightweight cryptocurrency that would have greater appeal beyond Bitcoin’s mainstream audience because it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media stating that Dogecoin is his favorite coin.
Should I buy Dogecoin today?
Dogecoin is doing well after whales bought it on a large scale, but it is still trading well below its all-time high. It is currently worth $0.17 according to data from CoinMarketCap. Invest at your own risk.
Dogecoin Price Prediction
According to experts quoted by Yahoo Finance, DOGE could hit $1 by mid-2022. Others expect the price to reach $1.5 within the next five years.
According to technical indicators, Doge is currently trading below its 200-day simple moving average. Due to the massive developments the coin will undergo in the near future, it could easily perform better in the long run.
Dogecoin on social networks
— 💎 Lil’Ðoge 💎 (@dogecoin_empire) January 13, 2022