What Is Dogecoin?
Unlike Bitcoin, the creator of Dogecoin is famous and well-known – his name is Jackson Palmer. He came up with his own cryptocurrency in 2013. The reason was the first boom in interest around Bitcoin and the formation of the first crypto investors: everyone around was discussing the new product. Palmer decided to joke and created his own cryptocurrency to show everyone around that investing a lot of money in this new phenomenon is absurd (Palmer himself left the project in 2015.)
Dogecoin is a fork from Luckycoin and Luckycoin is a fork of Litecoin. Therefore, it is often simplified and assumed that Dogecoin is based on Litecoin. The name and image of the currency is also a joke: the cryptocurrency is named after the meme “doge” – a Shiba Inus dog.
The official announcement of the new cryptocurrency took place on December 8, 2013. The joke has been launched into the world. As it turned out over time, the joke ceased to be such and the capitalization of the “meme” began to grow to hundreds of millions of dollars.
What Can I Do With Dogecoin?
Dogecoin was believed to be geared towards a good cause: charity. A foundation of the same name was launched, and various charitable initiatives around the world were supported. Dogecoin is also convenient to use for transferring funds between exchanges due to its speed and low cost.
The new cryptocurrency gained life and began to grow in value. In December 2020, the Dogecoin rate was $0.00025 per coin, and a month later – already $0.0023: an increase of 10 times in just a month. Over time, growth has slowed down, and the cryptocurrency has become as volatile as the others: either rapid growth or a long decline. And nevertheless, the capitalization of the project for a long time was about $400 million. Until the bill went into billions.
Is Dogecoin A Good Investment 2021?
Since its inception, the cryptocurrency has risen in price by more than 70,000%, has been traded on all popular exchanges and has consistently entered the list of the most popular cryptocurrencies. Yesterday, Dogecoin broke its previous price records and hit an all-time high of $0.4377.
What Is Going On With Dogecoin?
The current Dogecoin ranking is #5, according to CoinMarketCap.
Dogecoin Price Prediction 2025
The experts from Coinpedia suppose that Dogecoin might hit the level of $1 by the end of 2021. In their estimation, in a 5-year time frame, Dogecoin is likely to reach a $20 mark, and even might reach $50 also.
According to TradingBeasts, Dogecoin may trade within the $0.362 to $0.532 in the year 2021. By 2023, Dogecoin might establish $0.438 as the lowest and $0.643 as the highest trading price.
According to WalletInvestor, Dogecoin is a good long-term investment. In subsequent years, this cryptocurrency will grow steadily within the $0.470 to $0.547 trading range.
Where Can I Buy DOGE Coin?
To buy DOGE coin, know what is the current price of DOGE, Dogecoin price prediction, and read about the future of Dogecoin, use StealthEX. It provides fast transactions and allows users to choose from more than 350 digital tokens.
How To Buy Dogecoin?
You can study a detailed article with an exchange guide on our YouTube channel or just go to StealthEX and follow these easy steps. Let’s imagine you want to exchange Ethereum to DOGE. To make an exchange, you need to take a few simple steps:
First, you should choose Ethereum in the left drop-down list. Then choose DOGE coin in the right list of coins.
After setting the pair it is necessary to enter the amount of ETH you want to exchange.
Here you will see the estimated amount of DOGE coin that you will receive after the exchange.
Now when everything is set for the exchange, press the START EXCHANGE button and you will be taken to the next page.
As the second step, you need to provide the DOGE coin recipient address. The recipient address must match the cryptocurrency you are going to receive. Remember to double-check the information you enter prior to the exchange as the transaction you make cannot be canceled.
As soon as you have carefully checked all the details, you can press the NEXT button and you will be redirected to the CONFIRMATION page with the information about the exchange.
Pressing the NEXT button you will be redirected to the EXCHANGE page.
At first, you will see the address where you need to send your ETH coin to continue the exchange. StealthEX will also provide you with the exchange ID. It will allow you to keep all the information about the swap. It is recommended to save your exchange ID or the link to your exchange.
After sending Ethereum to the shown address, the information on the EXCHANGE page will be renewed automatically. The EXCHANGE page has several statuses that will change during the time of the exchange.
- The first status is Awaiting deposit.
- The following status is Confirming. This means that StealthEX is confirming the transaction you made.
- The next status is Exchanging. During this time the exchange is being made.
- Then the status will be changed to Sending to your wallet. This indicates that there are just a few minutes left until you will receive your DOGE coin.
Finally, you will be redirected to the FINISH page. This shows that the exchange has been successfully made and you will receive DOGE crypto to the address provided. To be sure that Dogecoin was sent to your wallet you can also use the Output hash shown on this page and check it in the Dogecoin blockchain list of transactions.
From here you can either create a new exchange on StealthEX.io or leave the page and check your Dogecoin wallet to be surprised at how fast you got DOGEcoin. Usually, the process is quite rapid so you won’t need to wait long.
If you have remaining questions about the StealthEX exchange service you can go to our FAQ section and find all the necessary information there.
We are always ready to give you support if you have any issues with exchanging coins. Our team does our best to protect all members and answer their questions. For all requests message us via [email protected]
You are more than welcome to visit StealthEX exchange and see how fast and convenient it is.