Dogecoin has been on a somewhat unexpected bull run. It added 12% to its value today. This article has everything you need to know about how and where to buy Dogecoin.
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What is Dogecoin?
Dogecoin (DOGE) is based on the popular “doge” Internet meme and features a Shiba Inu dog on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013.
Dogecoin’s creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.
Should I buy Dogecoin today?
Dogecoin is doing well after whales bought it large scale, but it’s still trading well below its all-time high. It’s 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 might reach $1 by mid-2022. Others expect the price to go as high as $1.5 in 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 term.
Dogecoin on social media
— 💎 Lil’ Ðoge 💎 (@dogecoin_empire) January 13, 2022