Is Dogecoin A Legitimate Cryptocurrency

You might want to rethink that as it is actually a legitimate cryptocurrency that has recently gained popularity amongst cryptocurrency traders. The answer to the question is Dogecoin a scam is no.

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The digital coin with a cute dog symbol never shied away from its meme-based origins.

Is dogecoin a legitimate cryptocurrency. For one its higher volatility implies that on the upside it could potentially have much. The dogecoin price nudging its all-time highs of just over 40 cents. T he price of Dogecoin has soared by 800 as Reddit investors set their sights on digital currencies.

People need to have a chance to spend it for it to become a valuable currency. Dogecoin is Legit Bitcoin is Financial Religion - Decrypt. Dogecoin is a cryptocurrency based on Luckycoin which is in turn based on Litecoin.

Featuring a shocked Shibe or Shiba Inu that is the subject of a beloved Internet meme Dogecoin like all other cryptocurrencies needs to be mined before it can be traded. For example the official Dogecoin. Once created as a joke cryptocurrency based on the viral Doge meme Dogecoin CCC.

Dogecoin is an excellent choice as an alt cryptocurrency. Dogecoin for all its goofy Shiba Inu faceness has it. DOGE is up over 10 on Monday and still has room to run.

People interested in this cryptocurrency can check out the official website. Dogecoin DOGE overtakes Tether USDT and becomes 5th most capitalized cryptocurrency representing another breakthrough for the altcoin. The unique logo makes this virtual currency stand out.

Yes a joke is now legit Cuban tweeted. Dogecoin a cryptocurrency that was originally created as a joke now has a market cap of almost 46 billion making it the sixth-largest cryptocurrencyIts weekly jump of 245 makes it the second. The meme has come to life.

At the time of writing it is closer to 609B. Dogecoins price has spiked to 035 an increase of 12 in the past 24 hours as social media influencers continue to throw their support behind the Internets most valuable Shiba Inu dog. Yes a joke is now legit Currently as of 1638 UTC on May 3 according to data by CryptoCompare Dogecoin the sixth most valuable asset by market cap is trading around 04129 up 772 in the past 24-hour period.

Each coin is worth 022 and if you add up every one in existence they are worth. 1 day agoMark Cuban. The popular Shibu Inu-branded coin has made a serious turnaround.

Dogecoin the tongue-in-cheek cryptocurrency that was never meant to be taken seriously has soared back toward the crypto top five. Dogecoin was originally a joke cryptocurrency taking its name from the doge internet meme. While the SpaceX founder reportedly does not have significant holdings of dogecoin he has been known to post about dogecoin on Twitter often prompting its value to increase.

A legitimate cryptocurrency has real life uses a real team behind it a high market cap a large trading volume and a good name for itself. DOGE has emerged as. The cryptocurrency Dogecoin CRYPTODOGE is the talk of the town right now.

It is a renowned and valuable cryptocurrency that has established a name for itself in the last 7 years. Dogecoin was originally designed to be a more approachable alternative to Bitcoin Litecoin and other cryptocurrencies. The virtual money started as an internet parody more than seven years ago according to CNN but has since become a legitimate digital currency.

A picture of a shiba inu dog talking in Comic Sans font. The answer therefore is yes which makes for an exciting prospect if youre considering cryptocurrencies to buy over Bitcoin if youve already missed out on that market surge. Unlike Bitcoin Dogecoin cant be exchanged for much so far.

As such there arent any groundbreaking features that. Cuban said Dogecoin needs to gain utility in the markets. Dogecoin a digital Crypto originally founded as a joke has soared over 800 after a Reddit board talked about making it the cryptocurrency equivalent of GameStop.

In January 2020 Dogecoin reached a market cap of almost 6 billion.

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