Dogecoin has been on some unexpected bull runs. 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 has a Shiba Inu dog on its logo. The open-source digital currency was created by Billy Marcus of Portland, Oregon and Jackson Palmer from Sydney, Australia, and forked from Litecoin in December 2013.
The creators of Dogecoin envisioned it as a fun, lightweight cryptocurrency that would appeal more to the core bitcoin audience than it was based on the Doge meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.
Should I Buy Dogecoin Today?
Dogecoin is performing well after a massive buyout by whales, but it is still trading well below its all-time high. According to data from CoinMarketCap, it is currently priced at $0.17. Invest at your own risk.
Dogecoin Price Prediction
According to experts cited by Yahoo Finance, DOGE could reach $1 by the middle of 2022. Others expect the price to reach $1.5 in the next five years.
Going by technical indicators, Doge is currently trading below its 200-day simple moving average. The coin will run in the near future due to massive growth, it can easily outperform in the long term.
Dogecoin on social media
— lil’ oge (@dogecoin_empire) 13 January 2022