Should You Invest in Dogecoin?

Should You Invest in Dogecoin?

Today, Dogecoin ranks among the top currencies of its kind, and the internet hype has a huge role to play in it. This altcoin was developed to cater to much broader demographic than Bitcoin. It was believed that its fun feel will protect it from controversies of Bitcoin.  As of 14 March 2018, the market cap of Dogecoin stands at 442,260,525 USD. Featuring among the popular altcoins, DOGE is traded on several online exchanges which offer DOGE/LTC, DOGE/BTC, and other trading pairs.

If you are new to cryptocurrency, you should definitely try your luck with DOGE, as it can help you gravitate towards the broader crypto space. Trading with Dogecoin is fairly simple. To begin with, you should get a wallet from Dogecoin.com, a decentralized open-sourced blockchain that allows users to send funds to anyone with a Dogecoin wallet.

The parody coin, which was named after the Japanese dog Shiba Inu, has attracted many critics in the past. But it has broken off the leash; much to the critics’ dismay, it has reached a market cap of $1 billion. Although it was invisible for most of the time in the past years, over the last couple of months its price has moved up exponentially. In fact, according to the latest survey, the price has gone up by more than 400 percent, an all-time high which has created quite a bustle among the trading enthusiasts. Based on the analysis pitched by coinmarketcap.com, this year’s crypto momentum is likely to favor the altcoins like DOGE. If the analysts are to be believed, the price will skyrocket further in the coming months. So, if you are a big fan of altcoins, and looking to invest in DOGE, this is probably the best time to buy your assets. After all, this is “The year of the Dog” in the Chinese calendar!

Dogecoin Advantages over Bitcoin

First hard fork of Dogecoin