What is dogecoin and what determines its value? Dogecoin (DOGE) is categorised as a meme-coin created as a funny meme that made fun of the serious tone that cryptocurrencies had at the time of their creation.
Dogecoin (DOGE) borrowed the scrypt-based Proof of Work (PoW) consensus mechanism that is utilsed in another cryptocurrency project known as Litecoin. This mechanism enforces the consensus from the computer network that runs its software.
The meme coin was introduced back in 2013. Its creators envisioned a fun, inclusive, and lighthearted community that anyone could become a part of.
If you want to buy Doge, know that dogecoin has been a volatile token.
At the start, it was not worth too much as it was intended to be a meme, a joke token, but the community support and various additions on exchanges throughout the years made the token spike up in value. However, today, anyone can buy dogecoin online with credit card.
But the main question here is whether it is too late to invest in DOGE and should you buy dogecoin with credit card?
DOGE had its all-time high on 8th May 2021 at a value of $0.731578. As of July 2022, the token has experienced a high level of volatility and is trading well under its ATH point. For example, on 5th May 2015, the DOGE token was worth $0.00008690, so those that bought the coin at that point in time saw tremendous returns.
If you want to invest in Dogecoin, all you have to do is examine the price changes. It's as simple as that, as every time the DOGE cryptocurrency’s value goes down, it could be a signal of an opportunity for you to get the asset for further holding or even trading. Generally, the DOGE token is used as a means of transacting online the most, as its utility is seen in e-commerce.
If you are curious on how to buy dogecoin, there are numerous ways through which you can accomplish this goal. If you want to start buying dogecoin, you can use EXMO easily.
The simplest way for you to get DOGE is to buy buy dogecoin with credit card instantly.
All you have to do in order to learn how to purchase dogecoin, is to create an EXMO account, after which you need to verify it. EXMO has established a partnership with Simplex, which means that users are also provided with the opportunity to buy DOGE with debit card without topping up their accounts as well.
There are also additional ways through which you can get DOGE, including SWIFT, SEPA, EXMO Gift Card, etc. These options will let you buy dogecoin instantly.
If you want to purchase DOGE by using a credit card or a debit card online, you might have concerns regarding the safety involved with making such a transaction.
EXMO has integrated all of the required measurements that are aimed at protecting the personal as well as the financial information surrounding each user.
All of the users of the EXMO service are given the opportunity to enable two-factor authentication (2FA) as a means of securing their account on a deeper level, for example.
When you decide to buy dogecoin with debit card it will have various use-cases. Once you buy dogecoin with debit card instantly, you can hold onto the token in your wallet for a pre-specified period of time, wait for it to spike in value, and sell it afterward as a means of making a profit out of it.
You can exchange DOGE on EXMO for numerous assets, so once you buy DOGE with credit card, you can begin trading it.
DOGE is an affordable token and, as such, has historically been utilised as a tipping token, where people would essentially send tips to their favorite content creators using the token as well. Currently, you can also send DOGE as a gift using an EXMO Gift Card.