In this article, we will share information about Doge Coin and its history. Reasons why you have to invest in DogeCoin and why not. We will also share the relationship of Elon musk with Dogecoin. We will give you detailed information on DogeCoin so that you can make a decision on DogeCoin investment. We are going to share some updates regarding the Doge Coin future in the cryptocurrency world.
Doge Coin History
Dogecoin is an open-source cryptocurrency established on Dec. 6, 2013, by Jackson Palmer and Billy Markus. Dogecoin features a Shiba Inu a Japanese breed of dog, as its logo. It is based on Litecoin and uses the same proof-of-work technology. Dogecoin has a loyal community of supporters who trade it and use it as a tipping currency for social media content. since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.
Why do people believe that Elon musk is the father of Doge Coin?
There is nothing wrong if people believe that Elon musk is the father of Dogecoin because behind the success of Dogecoin Elon musk’s interest in this coin performs a major role. Elon musk shows his love for dogecoin with his tweets. Elon musk’s tweets always create hype in the crypto community making Doge coin popular in a short time period. Dogecoin reach its all-time high when Elon musk said: “Now the people buy Tesla with Dogecoin soon.” Here are some tweets by Elon musk on Dogecoin.
Hope Now you guys know why Elon musk is also known as the father of Dogecoin. 🙂
Why Doge Coin is the best investment in 2023
Dogecoin is a cryptocurrency that has gained popularity due to its low transaction fees and fast transaction processing times. As we already discussed above dogecoin totally community-driven coin so one tweet from Elon musk is enough to pump the price of the Doge coin. As you all know Twitter is owned by Elon musk then possible soon people will get a blue tick subscription from Twitter by Doge coin.
However, it’s important to keep in mind that investing in cryptocurrencies can be risky, and the value of your investment can go down as well as up. It’s essential to carefully consider your investment goals and risk tolerance before deciding whether to invest in Dogecoin or any other cryptocurrency.
How to invest in DogeCoin
Nowadays, There is lots of option to invest(Buy) Doge Coin here are some popular exchanges popular crypto exchanges apps such as Coinbase, WazirX, and Binance or you can buy it with help of brokers but we will suggest you buy cryptocurrency through crypto exchange apps because it is a more convenient way.
Note: Please do some research on the cryptocurrencies you going to buy don’t trust anybody blindly.
- To know about the top 10 coins in the crypto world visit: https://authenticupdates.com/what-is-cryptocurrency/
- To Know about Doge Coin history and future prediction visit: https://authenticupdates.com/shiba-inu-coin-dogecoin-killer/