Dogecoin Popularity Explain
Dogecoin managed to become one of the most popular cryptocurrencies in the world, with the help of Elon Musk and Subreddit Wall Steet Bet. The whole GameStop short squeeze saga accompanied by tweets from Elon Musk increase the popularity of Dogecoin tremendously in January 2020. Retail investors were looking for another asset to pump in the wake of stockbrokers like Robinhood restricting trade in GameStop stock. Thus, Dogecoin became their target. A major campaign was carried out, which saw the price for Dogecoin rose exponentially, peaking at $0.083 per share. Google trends chart shows the spike in popularity in January the same time when Elon Musk tweeted about it.
What is Dogecoin?
Dogecoin is a cryptocurrency invented by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system that is instant, fun, and free from traditional banking fees. Dogecoin features the face of the Shiba Inu dog from the “Doge” meme as its logo and namesake. Dogecoin started as a joke. However, now it has a market cap of over $10 billion and is one of the most popular cryptocurrencies.
How to Buy Dogecoin?
Multiple crypto brokers allow you to buy and sell Dogecoin. However, my three favorites are Robinhood, Coinbase, and Binance.
Robinhood: This allows you to buy and sell stocks, ETFs, and Cryptocurrencies without any fee. Robinhood is currently only for United States, Australia, and Canadian citizens. On Robinhood, buying Dogecoin is very simple, just search for Dogecoin and then click buy. CLICK HERE to Join ROBINHOOD.
Coinbase: Coinbase is a secure platform that makes it easy to buy, sell, and store cryptocurrency like Bitcoin, Ethereum, and more. Coinbase is one of the leading crypto brokers out there. It’s easy to open an account, and they are operating in multiple countries around the world. You will need to create your account, verify it, fund it and search Dogecoin and buy. Click Here to Join COINBASE.
Binance: Binance is a cryptocurrency exchange that provides a platform for trading various cryptocurrencies. Binance is the most advanced crypto broker. It allows for shorting cryptos as well as going long. Signing up is easy. After signing up, you verify your account, fund it and search for Dogecoin and get to buying. Click Here to Join BINANCE.