ZoneBitcoin EditorialDogecoin is a cryptocurrency that is getting a lot of attention at the moment. Many people would like to know how to earn dogecoin. Originally, in 2013, it was a simple joke based on the Shiba breed dog that went viral. Now Dogecoin is being talked about as a real cryptocurrency with a lot of advantages. Indeed, its market capitalization is of the order of 289 USD. Yes, you are right, the Doge coin is among the top 574 cryptocurrencies. To be exact, she is around 488th, just before the BAT, for example, which is huge!
Once you have read the history of dogecoin, you can decide whether to invest or not. Here we explain how to earn Doges for free and easily. Believe me, if it was a joke yesterday, it is no longer a joke at all looking at the rise in the price of the doge since its beginnings. It's clearly a safe bet, and its constant progression will be good for your portfolio.
What is the DOGE cryptocurrency?
To begin with, we will say that Dogecoin is rather an atypical currency due to its history. The co-founder ( Jackson palmer) was really going with a joke, something not serious. Moreover, the Shiba dog is well known on the Internet as a kind of troll, especially by the English-speaking community. In fact, there was still a meaning behind this joke. The founder wanted to create a cryptocurrency for tipping and which would therefore be ideal for small amounts. You know that for small amounts, specifically, bitcoin for example is not really ideal.
Over time, and with the popularity of the internet, this virtual currency based on a gag has been very supported by the community. Now, we are dealing with a widely used cryptocurrency, such as bitoin or other cryptocurrencies.
Doge works similarly to the LyckyCoin cryptocurrency, which are both based on Litecoin.
Have a wallet address for Doge:
You can install the official application to have a Doge wallet on your smartphone by going to Doge official website. Besides, you can also download the wallet to your computer.
For my part, I use a Doge address that I have on my online wallet on Binance. But there are tons of wallets that allow you to store doge.
Sites and faucets to earn Doge:
Now that you know the history of the Doge, it's time to start earning some. However, with the recent explosion in the Doge price, some faucets are overbooked and some have closed like that of coinpot.
Feel free to try all the sites I mention in this article.
Online games rollercoin
This isn't the first time I've talked to you about bitcoin online games Rollercoin and with the recent exposure of the Dogecoin price, it makes even more sense!
So it's a simulation game where you are a cryptocurrency miner. To earn hash power, you need to play mini games. These are classic games, you will see in a pixelation reminiscent of retro video games.
The more you play, the more bitcoin, ethereum or Dogecoin you earn. Like this, you can purchase mining equipment and hardware. For example, I was able to buy quite a few machines and like that, I (really) earn cryptocurrencies thanks to my computing power.
How to mine DogeCoin?
To mine DogeCoin, it is relatively easy because the mining difficulty is not as high as for other cryptocurrencies. You can also opt for cloud mining with Genesis Mining for example.
Should you invest in Dogecoin or is it still a joke?
Dogecoin is an interesting cryptocurrency to have in your portfolio. Indeed, it has a high circulation volume and it is very easily available on all exchange platforms such as Binance. This makes it a great investment choice for a beginner.
At the moment, the price of Dogecoin is quite low compared to its competitors in the market. This makes it a low-risk investment, and quite lucrative for beginners. Understand that in a few years, this currency could literally explode. But, no one can really predict that… You will have to trust your instinct, once again…
Plus, even though it was a joke at first, its usefulness has proven itself. We are using more and more micropayments on the internet and this will increase over time.
What are the Dogecoin price predictions?
To predict the future of the Dogecoin cryptocurrency, we need to take into account what the founders of the cryptocurrency themselves envision for the future. Dogecoin co-founder Jackson Palmer (who left the Dogecoin team in 2015) said in a recent interview:
“New features are not implemented in Dogecoin because there is no longer active development. Eventually it will become obsolete. And with that, the network will be organically shut down. ” The word is strong is certainly, he said that because of the arguments with his co-founder. However, with no immediate development plans, it appears that the coin will gradually stagnate.
As stated above, the circulating supply of Dogecoin is astronomical, which will really deter the price of the cryptocurrency from continuing to rise.
That said, the Dogecoin has no such difficulties at the moment, making it more likely to remain in circulation for a very long time. Especially, if the community actively uses it as they currently do. Currently, it appears that the currency will not see a price rise anytime soon. As the market becomes more and more competitive, people are becoming more and more skeptical about their investments.
In summary, we will say very honestly that earning Dogecoin may be a good tip if you like this cryptocurrency. That said, if you are looking to earn dogecoin (and a lot of money) with it, we would recommend using other cryptocurrencies, which are more “serious”.
If you like to earn cryptocurrencies, then in this case you can read these articles which I am sure will interest you:
Disclaimer: This is not financial advice. Every investment involves risks. Always do your own research.
[…] What is Dogecoin and how to earn it? […]