Baby Doge Coin claims itself to be a hyper-deflationary token and an improved form of Dogecoin. With a supply of 420,000,000,000,000,000 or 420 quadrillion BABYDOGE [yes, that many], the meme coin holds a market cap of just $621 million .
Read moreIs Dogecoin good for investment?
You might be asking yourself, “how much Dogecoin should I buy?” Well, Dogecoin is almost certainly not a good investment in any traditional sense of good investing , but that might just be the reason to buy it. Dogecoin was created by software engineer Billy Markus in only 3 hours.
Read moreWhy is Dogecoin so cheap?
Dogecoin is cheap because the total number of coins in circulation is astronomically high . Each minute, 10,000 more coins are added to the Doge network by the miners. At this rate, 5.256 billion coins are added to the Doge network per year.
Read moreHow much will Dogecoin go up?
Q1 and Q2 Predictions According to DOGE forecasts for 2022 provided by cryptopredictions.com, DOGE will start 2022 trading at US$0.233447. During the first quarter, the forecasted minimum price is 0.198430. The price growth is expected to rise through February, averaging US$0.234112 in the month .
Read moreCan you make money with Dogecoin?
Yes, people have indeed made plenty of money from buying Dogecoin , and although it was very much initially intended as a joke currency, if you can afford to put a small amount of money into it then it might not be such a bad idea.
Read moreIs Dogecoin a good investment?
Based entirely on the fact that Dogecoin has no real-world utility, I don’t recommend investors buy it . With the price significantly down from its recent high, scooping up this meme coin might seem like a low-risk move with big upside.
Read moreWill Elon Musk buy Dogecoin?
Elon Musk, Tesla’s founder and CEO, again threw his weight behind the meme-inspired cryptocurrency dogecoin. In a tweet on Jan. 14, Musk announced that Tesla is accepting dogecoin —”people’s crypto“—as payment for some merchandise on its website.
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