Started as a meme token as an alternative to Bitcoin in December 2013, Dogecoin (DOGE) has come a long way to become a token that has become an asset.
The real traction for DOGE came in 2018 when it touched $0.017 per DOGE and daily transactions were touching millions.
DOGE is today accepted by many as a mode of payment for buying merchandise. One such is Tesla, which is accepting DOGE for buying merchandise for some of the products it sells in the market.
Tesla chief, Elon Musk is the person that has been getting traction along with Mark Cuban and Snoopy Dog. Last year, Elon admitted in a virtual meeting that he is holding DOGE, along with Bitcoin and Ethereum, which again rallied DOGE prices on exchanges.
What is DOGE
Dogecoin (DOGE) is an open-source peer-to-peer digital currency that was purely designed as a meme token.
Who created DOGE
Dogecoin is a cryptocurrency created by IBM software engineer Billy Markus and Adobe software engineer Jackson Palmer. The Dogecoin payment system was created as a joke, making fun of huge speculation going on in the cryptocurrency market during that period.
It is also known as the first meme coin that features a Japanese dog breed Shiba Inu and was the first meme coin focusing on dogs. After the success, there are hundreds of dog meme tokens that are now trading on various crypto exchanges.
One of the most popular among them is Shiba Inu (SHIBA), which has become more popular today than DOGE.
How users can get DOGE
Users can get DOGE by mining or buying it directly from exchanges like Klever Exchange.
Initially, hundreds of thousands of computers were mining DOGE, which was easily mined. But, after the popularity surged, mining competition increased making it difficult for miners to earn DOGE. It was mined just like other cryptocurrencies like Bitcoin, Ethereum, and Litecoin.
A more powerful, specialized computer called an ASIC is likely necessary in order to mine profitably.
Unlike Bitcoin, which is programmed to be only limited to 21 million tokens, DOGE is designed to be abundant with no maximum supply, Close to 10,000 new coins are mined every minute.
Low & high DOGE
Dogecoin (DOGE) is currently trading on crypto exchanges at $ 0.10 per DOGE with a 24hours trading volume of $1.47 billion, as of 11 May 2022, according to CoinMarketCap.
DOGE touched a new high on 7 May 2021 at $ 0.68 per DOGE and its market capitalization touched over $88 billion on the same day trading volume of over $28 billion. It recorded the lowest prices on 5 July 2015, DOGE, when it was trading at $0.00008896.
To get DOGE on Klever Exchange, users need to open an account, or if they don’t have one, sign up to get one. If a user has an account, he will just have to follow a few simple steps.
The user needs to transfer crypto to the exchange account. Let me explain it to you with an example of getting DOGE with USDT.
First deposit USDT to your Klever Exchange account. Just log in to your account, go to your profile, and select the deposit field. Now you need to click on USDT, there are two options to deposit USDT, Tron or ETH.
Once you select the coin, the deposit link will appear. Copy the link address and send the desired USDT.
After sending USDT to the address, the funds will be deposited and transactions will be confirmed on the blockchain. The time differs due to the different speeds of network confirmations on all blockchains.
Once you have USDT in your account, trade it for DOGE. The process is very simple. You can set a Limit or Market order and get some DOGE coins today (know more about kinds of orders here).
Users can also use another option to hold DOGE, download the Klever Wallet app from Google Play Store and Apple iStore, run the application, find the Buy Crypto banner right on the home screen and buy DOGE with your debit & credit cards in a few minutes.
Klever always strives to make crypto trading simple and less complicated using the best technology in a secure manner for user safety and experience.