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A Meme Coin Turns Into 4th Biggest Cryptocurrency of the World

doge coin

After Bitcoin and Ethereum, Cryptocurrency is the most discussed worldwide. They are Dogecoin and not only has the popularity of this virtual currency not only gained in the past, but people have also seen it as Alternatives to alternatives like Bitcoin and Ethereum, but are they really worth it as well.

In order to invest in any Cryptocurrency, it is very important that you have complete information related to it, and today we have brought this article for you in this connection, here you have some questions like – What is Dogecoin? | Can Dogecoin be a Substitute of Bitcoin / Ethereum? And in the end, some data and facts related to Investment in Dogecoin will be put in front of you.

What is Dogecoin?

Dogecoin is a Cryptocurrency, now the question arises, what is a “Cryptocurrency”? To summarize, “Cryptocurrency is actually a Virtual or in digital form store (existing) currency, such money is protected by a process Cryptography.”

Let us now know more about Dogecoin, in fact, Dogecoin was created almost 7 years ago in 2013, the official formation date of this Cryptocurrency is date – 6 December 2013, which was given by two US software engineers Billy Markus and Jackson Palmer Made together.

The credit for the development of this cryptocurrency also goes to Billy Markus and the Orignal crypto idea of “Shibetoshi Nakamoto”.

Dogecoin is based on Defi (Decentralized Finance) technology that allows no middlemen to intervene in any transaction, these are based on Defi network technology such as Dogecoin Etherium blockchain.

Is it Right to Investment in Dogecoin ?

Friends, do you know? The Dogecoin cryptocurrency, which was launched in a joking manner, has recorded more than 400% growth in its value in the last week. And the lucky leagues that had invested in them have had unexpected returns in the last one month, and on today’s date, the price of this Dogecoin has increased from Rs 4 to almost 50 rupees.

First of all, let’s talk about the market capitalization of Dogecoin. Finally, before investing in any company/currency, it is important to know its credibility in the market, so note that the total market capitalization of Dogecoin is – $ 11 billion dollars as of date What’s more shocking is that its value is increasing by $ 1.4 billion every twenty-four hours, this market cap is so much that it has surpassed the overall evaluation of all banks in India and Elon musk’s Aerospace company Space x. Have given.

Today, the valuation of all Indian banks is around $ 40 billion dollars and the valuation of Elon musk’s company Space X is $ 74 billion dollars, and the valuation of Dogecoin is $ 90 billion dollars and of course in the future. Many more will increase, so For sure, investing in this Dogecoin at this time is a 100% profitable deal.

Now a big question arises in such a situation that – is an investment in Dogecoin right? let’s know the answer.

Facts You Should Know About Dogecoin

  1. Do you know? In the beginning, Dogecoin was designed as a ‘Fun alternative’ to Cryptocurrencies like Bitcoin, ethereum, and Joke by the appearance of a meme dog (Dogy).
  2. By the month of February 2021, 113 Billion Dogecoin Supply has been completed, i.e. 113 Billion Dogecoins have been sold in the last 7 years.
  3. Though Dogecoin has Symbol D nowadays it is also being used as a modified letter “Ɖ”.
  4. There has been a huge jump in the value of Dogecoin in the last few weeks, this Cryptocurrency has traveled from 8 rupees 85 paise to 54 rupees 11 paise within a few days, which is the digital currency of any mediocre level. Is too much for
  5. Dogecoin is a digital currency based on C ++ Programming Language.

Frequently Asked Questions ABout Dogecoin: –

(1) Q. What is the price of Dogecoin in India?

Doecoin’s latest price in India is around 50 rupees i.e. 0.70 USD.

(2) Q.Where to buy Dogecoin?

If you want, you can buy Dogecoin from some famous Crypto portals – CoinDCX, Binance, Coinbase, and Kraken.

(3) Q. Does Amazon accept Dogecoin?

Recently, the news was coming out that it was being claimed that a Deal was going on between Amazon and Dogecoin after completion of which Amazon will accept Dogecoin for the purchase and sale of its goods.

So, on this, you should make it clear that Amazon has made it very clear in their official statement that they do not accept any Cryptocurrencies on the purchase of any product on their site.

(4) Q. Is Dogecoin available in India? Can I buy Dogecoin while living in India?

Answer: Yes, Dogecoin is also available in India, you can buy it from some famous Crypto catalogs, where you can use your Credit or Debit card, MobiKwik wallet, Bank Transfer, Bhim, and IMPS Transfer for payment. Can do

(5) Q. Will Dogecoin be able to achieve growth like Bitcoin and ethereum in the future.

The answer to this question is full of skeptics, to be honest, they are not sure, the prices of Cryptocurrencies have been fluctuating over time, though the way Dogecoin has performed in the last few weeks if everything like that. If it works, then perhaps it will come closer to the two Giants of Cryptocurrencies – Bitcoin, and Etherium.

Therefore, Comparison is a very childish fight between Dogecoin and Bitcoin / ethereum, since the price of a Dogecoin is around ₹ 50 ($ 0.688) today, the figure for Bitcoin is equivalent to 36 lakh 42 thousand 015 rupees. So it will be nothing more than stupid to compete between these two, but it can be said clearly, Dogecoin is taking a very fast lead.

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