The cryptocurrency Dogecoin's investors are constantly getting silver. It has dominated other cryptocurrencies in terms of returns. Dogecoin has given 8000 per cent returns while Bitcoin has a return rate of around 92 per cent.
The cryptocurrency started as a joke, Dogecoin's investors are constantly getting silver. It has seen a 45 per cent jump in its value in the last few days and has been heavy on cryptocurrencies like Bitcoin. Dogecoin has now become the fifth largest cryptocurrency in the world by market cap. Dogecoin has given 8000 per cent returns while Bitcoin has a return rate of around 92 per cent.
Market cap surpasses Honda
Investors' craze about Dogecoin can be gauged from the fact that its market cap has reached nearly $ 86 billion and surpasses even giants like Honda. Honda has a market cap of $ 54.42 billion. Investors' enthusiasm for Dogecoin can be gauged from the fact that RobinHood, one of the world's most popular trading platforms, crashed. WazirX, the largest cryptocurrency exchange in India, was also down for some time due to this reason.
Start as a joke
Dogecoin started off as a joke but thanks to the power of social media and mimes, it is now one of the most popular cryptocurrencies in the world. Dogecoin was started as a joke in 2013 by software engineers Billy Markus and Jackson Palmer. Tesla and SpaceX CEO Elon Musk posted a photo of Dogue magazine this year showing a dog wearing a red sweater. This led to a significant jump in the price of Dogecoin.
Musk's got together
Musk made several tweets in February in support of Dogecoin. In the first tweet, he only wrote Doge. He then wrote, 'Dogecoin is the people's crypto'. In the next tweet, he wrote, 'No highs, no lows, only Doge'. Just then, the price of this cryptocurrency rose to 5 cents. It was trading at 3 cents before Musk's tweets. This is not the first time that Musk's tweet has led to a surge in the price of Dogecoin. Earlier on December 20, he also tweeted One Word: Doge and its price was increased by 20 percent.
How to buy Dogecoin in India
Till 2018, it was not allowed to buy and trade cryptocurrencies in India. But in 2018, the Supreme Court changed this situation. Since then the crypto industry in India has grown significantly and millions of people have invested in crypto. Buying crypto is a very complicated process but it can be easily purchased with the help of crypto exchanges. In India Dogecoin can be invested through exchanges like Coinswitch Kuber, WazirX, CoinDCX.
Here is the whole process
Install well known Indian crypto exchange like Coinswitch / WazirX / CoinDCX / Bitbns / Zebpay. Before selecting an exchange, do a thorough investigation about it. Create your account after verifying KYC. Put your bank details / UPI details on the app. Once the bank details / UPI are registered, add money to the exchange. After depositing money in the exchange, you can use it to buy Dogecoin or any other cryptocurrency.
click here to download COINSWITCH !
0 comments:
Post a Comment