Buy Dogecoin (DOGE)

Reasons to Buy Dogecoin (DOGE)

• It has a market capitalization of more than $35 billion.
• Dogecoin is a P2P cryptocurrency with faster payments and low transaction fees.
• It has a dedicated community of 300,000+ members.
• It is used as a way to tip the Dogecoin Reddit community.
• The mining of Dogecoin (Doge) takes less computing power compared to popular cryptocurrency, Bitcoin.

Dogecoin (Doge), also known as meme coin, was launched in 2013 with the image of a Shiba Inu dog.

The cryptocurrency was forked from Litecoin in 2013 by two engineers that visioned it as a fun and instant mode of payment. It is also regarded as an open-source cryptocurrency that gained a lot of attention from Elon Musk. It is an ‘inflationary’ coin – there is no cap on the number of Dogecoins in existence. The block addition is pretty fast, and it takes only 1 minute to add a block on its blockchain.

Things to consider before buying Dogecoin (DOGE)

• The block addition takes comparably less time with fast transactions making it a perfect buy.
• It works on the Proof-of-Work consensus algorithm.
• The community of Dogecoin is a lot active in donating to noble causes.

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Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.