What is the Dodge coin?
Dodge coin, officially known as Dogecoin, is a cryptocurrency inspired by the Internet meme of Shiba Inu dog. Launched in December 2013 as a “joke,” Dogecoin quickly established a large online community. Since then, investors have continued to purchase Dodge Coin, and its price has continued to increase.
Although its correct writing is “Dogecoin” and its cryptocurrency “DOGE”many continue to reference it as “Dodge coin”.
Originally a fork of Litecoin, Dogecoin has a more accessible and less serious approach compared to other cryptocurrencies. But, in reality, it hasn’t seen any major updates since 2015, raising questions about its long-term viability despite its active and dedicated community.
Why buy Dodge coin in 2024?
In 2024, the Dodge coin, often perceived as a crypto meme or “meme corner,” attracts attention with its loyal community and uniqueness. The volatility of its price offers sometimes huge earning opportunities! and its use for online tipping or as a means of payment adds credibility to its interest.
Unlike cryptocurrencies like Bitcoin, Dogecoin is produced without limits, which keeps its price low. However, it offers fast and very low cost transactions. Its use by Tesla’s online store for certain products and the influence of Elon Musk, who regularly boosts its price with its tweetsstrengthen its investment profile.
The marketing team behind Dogecoin is helped by an active community on social networks, has managed to maintain and increase the visibility and price of crypto. Investors are often interested in this type of crypto to diversify their portfolios.
Comparison of the best crypto platforms to buy Dodge coin
Here is a selection of the best crypto exchanges to easily buy Dodge coin (DOGE):
| Platforms | Purchase costs | Deposit Method | Action |
|---|---|---|---|
| Bitget | Down | SEPA, CB (Visa, Mastercard), Crypto, P2P Trading | Invest in DOGE on Bitget |
| BloFin | Down | CB (Visa, Mastercard, Apple Pay), Crypto | Buy DOGE on BloFin |
| BingX | Low to medium | Bank Transfer, CB, Crypto | Invest in Doge on BingX |
| Bybit | AVERAGE | CB, Bank Transfer, P2P Trading, Crypto | Buy Doge on Bybit |
Launched in 2018, Bitget has quickly established itself as an essential cryptocurrency exchange platform. With over 25 million users in more than 60 countries, the crypto exchange attracts a growing number of investors thanks to its advanced features and competitive fees.
Currently, transaction fees are among the lowest on the market and the platform offers a wide selection of more than 750 cryptocurrencies.
Bitget is particularly appreciated for its copy trading option and its platform, ranked in the top 12 of global crypto exchanges according to CoinMarketCap for transaction volume.
However, it is important to note that Bitget is currently not available to French residents, although it is a viable option for users in Belgium and Switzerland.
French investors will therefore have to turn to the BloFin cryptocurrency platform for purchasing DOGE.
Guide to Buying Dogecoin on Bitget
- Open an account on Bitget: Visit the Bitget website and click on ‘register’ at the top right. Fill in the information. Then follow the verification process by providing the necessary documents to pass KYC verification.
- Make a deposit: Once your account is verified, click “buy crypto” on the main page of the website. You can buy crypto directly through a Visa or Mastercard credit card. Also, you can deposit funds in euros via transfer or in cryptocurrencies.
- Buy Dodge Coin : If you have opted for the fastest way to buy cryptos, i.e. by credit card, you must select the crypto ‘DOGE’ in the list. As part of a bank transfer, upon receipt of funds, your account will be credited. You can exchange your Euros for DOGE.
Why choose Bitget to invest in Dogecoin?
Quite simply because purchasing the DOGE cryptocurrency is very simplified on Bitget. Here are the advantages and disadvantages of the platform:
Benefits of Bitget:
- ✅ Wide selection of over 750 cryptos
- ✅ Low trading fees, from 0.02% to 0.6%
- ✅ Advanced features like copy trading
- ✅ Daily transactions exceeding 5 billion USD
- ✅ Intuitive interface accessible to everyone
- ✅ Simplified purchase of the same coins: DOGE, SHIB, PEPE…
Disadvantages:
- ❌ Less known than the market leaders
- ❌ Unavailable at the moment in France
What is the daily trading volume of Dodge coin (DOGE)?
Dodge coin’s daily trading volume remains high, reaching approximately US$1.1 billion. This sustained activity highlights that the meme coin is far from being a forgotten cryptocurrency, despite its criticisms.
The dynamism of its market often signals movements attractive prices for traders, providing potential opportunities for those who monitor its fluctuations.
What is the price record (ATH) of Dodge Coin (DOGE)?
The highest price DOGE has ever reached is US$0.7316registered in May 2021. Today its price is lower by 79.91% compared to this ATH, which could interest those who speculate on a return to its historic peak.
Dogecoin’s current market capitalization is more than $21 billion, placing this dog-faced virtual currency in 8th position in CoinMarketCap’s crypto rankings.
We get this impressive valuation by multiplying the current price of the token by the circulating supply, which reaches 140 billion tokens available on the market.
Dodge Coin Price Forecast from 2024 to 2040
Although the cryptocurrency market is difficult to predict, current trends and analyzes make it possible to anticipate the evolution of the price of Dodge coin. Here are our DOGE predictions for the next few years:
| Year | Dollar Price Forecast for DOGE |
|---|---|
| 2024 | $0.28 |
| 2025 | $0.39 |
| 2030 | $0.83 |
| 2040 | $1.8 |
We base our price forecasts for Dodge coin on current market trends. Approach them with caution. The cryptocurrency market is very volatile and influenced by many factors.
Conclusion
Purchasing Dodge coin represents an attractive option for both cryptocurrency beginners and experienced investors looking to diversify their portfolios. With his high potential and its notable fluctuationsDogecoin has seen its popularity and value increase significantly, notably thanks to the interest of billionaire Elon Musk.
Although the forecasts are generally positive, it is essential to stay aware of the high volatility of DOGEwhich constitutes its main risk.
For those looking to take advantage of this volatility, Dodge Coin lends itself particularly well to trading. However, the choice of purchasing platform is crucial: Bitget and BloFin stand out for their reliability and competitive prices, allowing the purchase of Dodge coin in the best conditions.
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