Dogecoin, the new cryptocurrency that is dominating headlines today. So what is it? Is it worth anything? How can you buy it?
According to the Dogecoin website.
Dogecoin is a fun, new and rapidly growing form of digital currency. This form of digital currency is called “cryptocurrency”; a type of digital currency. Cryptocurrency is completely anonymous, decentralized, and extremely secure.
Dogecoin is used with a wallet on your computer, your smartphone, or a website.
You can use it to buy goods and services, or trade it for other currencies (both other cryptocurrencies or traditional currency like US dollars).
One of the most popular uses for Dogecoin is “tipping” fellow internet-goers who create or share great content. Think of it as a more meaningful “like” or upvote, with real value that can be used all across the internet.Dogecoin.com
What is Dogecoin & How Can I Buy It?
So there you have it, Dogecoin is a cryptocurrency that can be bought and sold on Crypto Exchanges like Binance, Bitpanda, Bittrex or Kraken. It was first created as a joke in December 2013, since then Dogecoin has become a popular cryptocurrency mainly due to it’s dog meme and a passionate crypto community.
Is Dogecoin Worth Anything & Should I Buy It?
Well, Dogecoin does have a value, it’s not much; but something, currently trading at $.057096 cents. The high this year and all time is around .08 cents. As mentioned above, Dogecoin mainly changes hands from “tipping”, specifically by contributing to the Dogecoin community, Reddit has the largest. With any cryptocurrency, Dogecoin can lose value, there is no maximum amount of Dogecoin that can be in circulation, the supply of Dogecoin is limitless and this is one reason why we wouldn’t buy it for ourselves. The limitless supply is one major difference from Bitcoin for example. BEARISH