Dogecoin stock price

“The most popular meme coin DOGE witnessed a mega rally and emerged as one of the best-performing crypto assets. Elon Musk, who has been an avid supporter of DOGE, announced that his version of Twitter will support payments. DOGE is a strong contender to become the official cryptocurrency of Twitter. DOGE was originally designed as a payment mechanism but was not able to find a real-world use case. If DOGE becomes integrated with Twitter’s payment ecosystem, it will create a mass use case for the meme coin and drive its growth momentum," said Shivam Thakral, CEO of crypto exchange BuyUcoin. Doge bitcoin * O Open price / C Close price

The creators envisaged Dogecoin as a relatively “good-natured” crypto to differentiate itself from Bitcoin, which was already booming at the time and considered inaccessible or, above all, unattractive beyond its value. Dogecoin was created with the idea of being an accessible and familiar cryptocurrency, taking advantage of its visuals and its focus on the famous dog. Markets The "Dogefather," as he is called, began showing his support for Dogecoin in late 2020 in a tweet and has continued to tweet and talk about Dogecoin ever since. Due to Musk's status and popularity, the price change of Dogecoin is usually significant (as much as a 100 percent spike in one case) whenever he mentions it.

Dogecoin (DOGE) currently ranks 11 among all known cryptocurrency assets. The popularity is based on relative market cap. Is Dogecoin secure? Dogecoin is a cryptocurrency focused on actual utility as a currency. We provide fast block times and very low fees which make Dogecoin suitable for usage in micro-transactions but also as payment option for online shops. Dogecoin has been adopted as such by online retailers and can be used easily as means of consumer to consumer money transfer too.

Dogecoin transactions are also much faster and cheaper than Bitcoin transactions, but it's not alone in this regard. There are now many popular types of cryptocurrency that surpass Dogecoin's transaction fees and processing times. Coinbase Announces Perpetual Future Contracts for BCH The factors influencing Dogecoin price include: