News

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Bitcoin Tops $63k as Investors Expect Another Rate Cut in November

Bitcoin rallied nearly 3% over the weekend and could hit the $64k level soon as market analysts predict another rate cut in November.

 Hassan Maishera

Bitcoin Stays Below $62k as Spot Bitcoin ETFs See Third Straight Day of Outflows

Bitcoin continues to trade below $62k as the growing tensions in the Middle East and the continuous outflow from spot Bitcoin ETFs negatively affect its price.

 Hassan Maishera

Bitcoin Briefly Dips Below $61k, Causing $450m in Long Liquidations

Bitcoin briefly dropped below $61k on Tuesday as tensions between Israel and Iran grew thicker, resulting in over $450 million in long liquidations.

 Hassan Maishera

Trade

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Bybit

N/A
4.36 based on 4580 votes

PrimeXBT

N/A
4.31 based on 2453 votes

Binance

N/A
4.1 based on 2400 votes

Spend

Want to leave your cash at home? These cards support Dogecoin.

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Crypto.com Visa Card

3.46 based on 777 votes

Carte Uphold

3.23 based on 140 votes

Carte Coinbase

3.11 based on 211 votes

Shop

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BC.Game

4.71 based on 7 votes

CryptoGames

4.46 based on 13 votes

1xBit

4.39 based on 18 votes

Hodl

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YouHodler

3.94 based on 49 votes

Ledger Nano X

3.88 based on 50 votes

Ledger Nano S

3.79 based on 190 votes

Review

Learn more about Dogecoin.

When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This is a review of Dogecoin.

Blockchain and cryptocurrencies are pushing the boundaries of what the current financial paradigm regard as “normal”. Many of the projects are stemmed from an aspect or complex of problems they want to change or override. Be it convenience, safety, security or privacy, cryptos have an area of application virtually anywhere. Therein lies the comparative advantage against the current fiscal system that fiat currencies are meant for. Even large corporations, banks, international organizations and governments are now advocating for crypto adoption and claim it to be “the future of money”. So, as alternative cryptocurrencies started emerging after bitcoin, one must make a deep-dive analysis as to which projects are here to stay and which will not.

Dogecoin, for example, started out as a joke, and has been up and down on the top 50 biggest cryptocurrency market caps for the last 3 years. Initially developed by Billy Markus as a fun currency named after the doge of a Shiba Inu, he had no idea that this currency would last in the cryptocurrency scape.

Dogecoin stems from Luckycoin, built on the Litecoin platform. It uses the Scrypt algorithm, to validate a PoW (proof-of-work) mining protocol. There isn’t any real technical use-case for Dogecoin. It is more based on the effect of virality of memes and other internet crazes and gives that “uncapitalized” aspect of the modern internet a currency. Initially, the community dubbed themselves “shibes” and mainly used it for tipping and granting “fun” comments, pictures and projects money. Millions of DOGE circulated for “tipping” in social media outlets like Reddit, Twitter or Imgur.

Many followers gave up on DOGE due to the low value. However, the culture and community can be deemed as resilient. If you are new to the world of virtual currencies, Dogecoin might be a fun thing. But if you are serious and want to invest in this environment for the solutions it offers, best look elsewhere.

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