The advent of cryptocurrencies has seen various projects trying to fulfill a use case in one form or another.
Hence when Bitcoin was created by Satoshi Nakamoto, it was assumed to be a game-changer in the way financial transactions would be executed in a digital form.
This also led to the creation of other cryptocurrencies based on the fundamentals of the Bitcoin blockchain – that’s the case of Dogecoin.
What is Dogecoin (DOGE)?
Dogecoin (DOGE) is a digital peer-to-peer (P2P), open-source cryptocurrency.
By analysis and comparison to Bitcoin, it is viewed as an altcoin and with the basis of being a sarcastic meme coin.
However, the codebase of Dogecoin was a fork of Litecoin, in which most of the same features such as hashing algorithms were inherited from the Litecoin codebase, but with the only difference of the branding and the quantity of its inflationary supply.
Doge was launched in December 2013 by Jackson Palmer and Billy Markus and has the image of a dog as its logo.
Dogecoin has a market capitalization of over $16.9 billion, and it is ranked number 12 in the total available coins on Coinmarketcap and ranked number 12 on Coingecko respectively.
Why use Doge?
Dogecoin was actually used by social media platforms like Twitter and Reddit for tipping its community members in the earlier stage of its creation.
In the beginning, it seemed to be worthless due to its high quantity supply until sometime in 2017, during the cryptocurrency bull run, it was possible to see the rise in price for most of the altcoins.
The community on social media platforms continues to grow since it has been built as a result of the transfer of Doge to each other as a way of tips and payment amongst users.
It was also credited that the value of the coin grew massively when the world’s richest man Elon Musk tweeted sarcastically that he was the CEO of Dogecoin in 2021.
This actually helped to spike the coin to its new all-time high, creating a frenzy amongst investors both young and old showing more interest in the coin for trading and holding.
Low & high DOGE
DOGECOIN (DOGE) which started trading on some of the crypto exchanges on the 6th of May 2015 at $0.00008690, which coincidentally marks its all-time low and later got to its all-time high on the 8th of May 2021 at $0.731578
The live Doge price as of 6 May 2022 at the time of writing is $0.126272 with a 24-hour trading volume of $1.206 billion with a circulating supply of 130 billion Doge.
The Klever Exchange has increased the number of trading pairs on its market. It obviously one of the best exchanges to trade Dogecoin (DOGE) at the moment, such that customers with a Klever Exchange account would simply log in using all our secured protocols to ensure the safety of the user funds which is our priority.
Alternatively, if the user is new to the Klever Exchange, they can easily create their own accounts and have access to the Klever trading platform.
The user can simply fund their exchange accounts by transferring crypto (USDT) to the exchange account.
You can take the following steps:
- First deposit USDT to your Klever Exchange account.
- After sending USDT to the address, the funds will be deposited and transactions will be confirmed on the blockchain.
- Once you have USDT in your account, it is possible to trade or exchange it for DOGE within the Klever Exchange.
In contrast to other wallet platforms, the Klever Wallet enables users to purchase Dogecoin (DOGE) by using cards (credit and debit) through our integrated payment gateway partners, Simplex.com, Banxa, Moonpay, and Mercuryo.
Dogecoin is currently trading on two key pairs as shown in the diagram above to enable our users to have a flexible trading experience.
The Klever team ensures that the trading experience for crypto traders is made simple and less complicated using the best technology in a secure manner for user safety in a Klever way.
It is a Klever thing to do.