Dogecoin crypto currency entered the crypto currency market in 2013 with nothing behind it but a joke. Even now, with its price sitting around $0.003735 USD, many consider Dogecoin to be not much more than a joke, but there are several reasons why you should buy Dogecoin and add it to your digital wallet today. Let’s take a closer look at reasons why you should consider Dogecoin as best crypto to buy.
How Dogecoin Started
In 2014, Jackson Palmer and Billy Markus created a joke cryptocurrency named after Shiba Inu dog. It was introduced as a joke currency. When it was launched, no one took Dogecoin seriously. The coin garnered worldwide attention when it broke out of its niche into mainstream news outlets in December 2013 with an announcement on an episode of Late Night with Jimmy Fallon. Within a few months, dozens of crypto currencies were created after Dogecoin’s model as a satirical way to poke fun at Bitcoin’s staid image. However, in less than two years since its creation, Dogecoin has seen exponential growth and adoption by users around the world.
Advantages of using dogecoin
Dogecoin’s advantage is that it’s totally based on goodwill and ideology. While some critics have called dogecoin a joke currency, dogecoin users insist they are in it for the long haul. Dogecoins are easily mined, you can get your hands on them without having to pay a cent. In addition, they aren’t worth too much right now. It makes them ideal for small transactions that wouldn’t require you to break out your credit card or pull out a wad of cash. All dogecoins need is another infusion of users (and perhaps more development) before it becomes a viable form of exchange for regular folks. Although, even if it doesn’t happen, at least we got a few laughs along the way.
It is a cheap alternative to Bitcoin. If we discuss the doge price prediction then it currently trades at just $0.0021 per unit (as of January 2015). By comparison, one bitcoin is valued at over $200 per unit as of January 2015). If Bitcoin has turned into an expensive option due to its popularity then you should consider buying some DOGE instead! The coin’s low value will help keep transaction fees down so there won’t be any nasty surprises when making payments with your DOGE wallet.
Is it Safe to Invest in Dogecoins?
Bitcoins are a type of cryptocurrency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world using software that solves mathematical problems. While bitcoin has seen its ups and downs in value over time, it remains a popular way to buy things electronically without involvement from banks or clearing houses. It’s become a bit more regulated in recent months as governments have gotten involved.
How is Dogecoin different from Bitcoin?
Because of its fast transaction speeds and low fees, compared to bitcoin, Dogecoin is quickly gaining popularity among people who are interested in investing in cryptocurrencies. It’s also much more accessible than bitcoin: All you need to start using Dogecoin is a computer with an Internet connection. And if you’ve got that, then you’re ready to use dogecoins! If you want to get involved in crypto but don’t have time for all those pesky learning curves, then look into buying some Dogecoin. If nothing else, it’s worth keeping around as a novelty investment—and hey, maybe it will be worth something someday too.
There are a lot of good reasons to buy cryptocurrency. The fact that it’s like digital gold is enticing for many people, but there are other reasons as well. Despite its popularity and rising value, there’s still a lot you can do with your cryptocurrency besides holding on to it. If you’re looking to invest in cryptocurrencies or trade them, make sure that you consider some of these factors so you know how to get started trading crypto currency successfully and what methods are right for you.