Dogecoin (DOGE)

The exchange rate of one DOGE at 16:13 UTC is 0.15029$

Chart | Average rate

“Dogecoin” is a peer-to-peer decentralized system based on the Litecoin blockchain, the main purpose of which is the ability to purchase various goods through supported online stores and provide charitable assistance to other project participants. Unlike the original LTC cryptocurrency, DOGE coins have an unlimited supply, and transaction confirmation in this network is 2.5 times faster.

In the meantime, many hardware and software wallets can be used to store these tokens, including MultiDoge, DogeChain, Trezor, Ledger, and many more. One of the main features of the Dogecoin platform is a large dedicated community of enthusiasts who value friendliness and willingness to donate to people in need. At first glance, it seems to many that the Dogecoin platform is just a joke cryptocurrency created by Billy Markus in 2013, but this is an mistaken opinion, since users of this platform are highly active in social services and take part in many charity events.

Furthermore, the DOGE ecosystem does not currently have any leadership and is entirely run by the community, which independently developed the DogePal payment app, as well as the financial donation organizations “Socks For The Homeless” and “Doge Pizza”.

However, the discussed currency can be used for the following purposes:

- rewarding social media users for useful information and good content

- fundraising for a good cause

- buying goods in online hypermarkets

Now the price of these crypto coins is at the level of about $0.25 with a market capitalization of more than $33 billion, which allows the project to enter the TOP-10 of the CoinMarketCap rating. At the same time, you can use any major crypto exchanges to buy or sell DOGE, including Gate.io, Binance, FTX, KuCoin, Bithumb, Kraken, Huobi, Poloniex, etc.

Summing up, it is important to consider that this project is able to show sustainable growth in the future, as it is actively supported by one of the richest people in the world, Elon Musk, who, with his one post on Twitter, managed to increase the value of this asset several times by mid-February 2020. It follows that now these coins are a very attractive investment tool.