To securely buy, store, send, and receive DOGE, download the Trust Wallet app today. Thanks to its one-minute block time and low transaction fees, Dogecoin emerged as a beloved digital currency for social media tipping and microtransactions. The Tesla CEO has tweeted his affinity for the dog-theme cryptocurrency on numerous occasions and even changed his Twitter bio to CEO of Dogecoin at one point. While its popularity can be partly attributed to its fun factor and lively online community, the cryptocurrency project has also made headlines by raising funds for the Jamaican Bobsled Team which qualified but was unable to afford to attend the Sochi Winter Olympics in 2014, and for sponsoring NASCAR driver Josh Wise in the same year.Īrguably, Dogecoin's biggest promoter, however, has been tech pioneer Elon Musk. At times, Dogecoin even experienced more on-chain activity than some of the leading cryptocurrencies in the market. You can buy from $50 to $20,000 worth of Dogecoin (DOGE) with a credit card or debit card directly within the mobile app.ĭespite fierce competition in the crypto markets, Dogecoin has remained one of the most recognized brands in crypto and a surprisingly high usage rate. Despite the rise of specialized mining hardware, which has crowded out small miners in other proof of work coins, such as Bitcoin, Dogecoin remains mineable by small mining operations.īuy Dogecoin & store your Dogecoin with Trust Walletīuy Dogecoin with your Trust Wallet. As a result, Dogecoin remains one of the most popular mining coins for at-home miners. This usually means that price is compressing and a big move is coming.What is Dogecoin and where can you get a Dogecoin wallet?ĭogecoin (DOGE) is a meme-themed cryptocurrency launched in 2013 by computer programmers Billy Markus and Jackson Palmer.īased on the famous "Doge" internet meme, the digital currency carries the meme's Shiba Inu dog as its logo and aims to be a more light-hearted and fun alternative to Bitcoin.ĭogecoin uses Scrypt technology in its proof-of-work consensus protocol to enable anyone to mine the digital currency using GPUs. "We can see on the one-week, all of the EMAs are clumping together and tightening up. According to the trader, Bitcoin’s price action on the weekly time-frame chart appears bullish, as it currently sits above its major exponential moving averages (EMAs), resembling a similar pattern seen in 2019. Pseudonymous trader Altcoin Sherpa said that we may have to wait about eight months for the next Bitcoin bull run. He added, "Bitcoin appears locked in a range, but that might continue as we may have to wait months before getting any concrete ETF updates." Bitcoin, Ethereum, Dogecoin Rise Amid Uptick In BTC Wallets To All-Time High: Analyst Says This Is How Long It Will Take For King Crypto’s ‘Big Move’ Bitcoin, Ethereum, Dogecoin Rise As. Miner profitability was one of the key reasons for the elevated price targets, but that might not be as easy as electricity costs grow and over-surging debt payments," wrote Edward Moya, Senior Analyst at OANDA. See More: Best Crypto Day Trading StrategiesĪnalyst Notes: "Bitcoin got a strong vote of confidence from Standard Chartered, with a price target of $50,000 this year and $120,0. To help those who lost funds on Dogewallet after its breach, the Dogecoin. Later this week, the consumer price index report is scheduled to be released on Wednesday, followed by the producer price index, which measures wholesale price pressures, on Thursday. Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer. The S&P 500 showed a 0.24% increase, while the Nasdaq Composite saw a gain of 0.18%. Investors were bracing themselves for upcoming inflation data and the beginning of the second-quarter earnings season. US stocks rebounded on Monday, signaling a positive turn for Wall Street after a challenging week.
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