Whenever Tesla’s CEO, Elon Musk, tweets, it usually attracts plenty of attention. His social media antics have previously resulted in significant increases in the price of various cryptocurrencies, including Bitcoin and Dogecoin. Today, Musk once again stoked the Dogecoin fire with a tweet.
As a result, the price of DOGE has surged yet again, and many investors now want to know how to buy Dogecoin ‘stock’ right now. If you fall into this category, check out our how to buy Dogecoin guide. For those of you who want to invest in Dogecoin now, this page explains where to buy Dogecoin stock.
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Simply scroll down to find our definitive list of the best places to buy Dogecoin ‘stock’ today.
How & where to buy Dogecoin ‘stock’ today
Before we get into our list of the best places to buy Dogecoin, let’s clear something up. Across the internet, one of the most popular search terms today has been ‘where to buy Dogecoin stock.’ Before you invest in Dogecoin, make sure you realise it is not a stock; it is a form of cryptocurrency.
Now we have quashed any misconceptions, it’s time to list the best ways to buy Dogecoin. The easy way to buy Dogecoin is through a reliable cryptocurrency broker or exchange, and while these are slightly different in their nature, they are both platforms that allow users to open and close trades quickly with minimal fees.
Our experienced team of cryptocurrency experts have reviewed the different places to buy Dogecoin with great scrutiny, and as a result, they have produced this list. The following are the two best places to buy DOGE.
FXTB is a CFD broker with an exemplary track record of reliability. The platform’s fees are highly competitive, and its interface is clean and easy to use. It is undoubtedly a good place to buy Dogecoin.
Skilling has made waves in the industry since its formation in 2016. Led by a team of fintech veterans, the platform offers many intuitive features and is one of the most reliable trading options around. It is an excellent place to trade Dogecoin.
If neither of these options satisfy your criteria, we can help. We have a wide selection of reviews on our website detailing many alternative crypto brokers and exchanges, so if you haven’t found what you are looking for yet, we have got you covered.
Furthermore, if you feel hindered by a lack of fundamental cryptocurrency knowledge, our handy crypto course for beginners can kickstart your Dogecoin investing journey.
What is Dogecoin?
Dogecoin – known as DOGE for short – is a cryptocurrency. The coin’s name comes from the renowned ‘Doge’ internet meme, which is a picture of a Shiba Inu dog, and this is exactly why the humourous canine serves as Dogecoin’s logo.
Founded in 2013 by software development duo, Billy Markus and Jackson Palmer, the project was originally intended to be a joke about the swathe of new altcoins entering the market. However, thanks to the power of the internet, this has quickly changed, and the value of DOGE is now no laughing matter.
Dogecoin is used frequently for tipping online content creators and has also experienced a surge in popularity amongst the crypto trading community. Moreover, the coin addresses some of the scalability issues that are present with Bitcoin, and it is deemed by some to be a more accessible currency.
The coin has now established itself as a meaningful cryptocurrency with a loyal following, and even major institutions are starting to pay attention. A lot of this is thanks to everyone’s favourite multibillionaire, Elon Musk, who has repeatedly endorsed the coin on his Twitter account, causing a spike in its price.
Will Dogecoin rise in price?
Nothing can be guaranteed, especially given the volatility the coin is currently experiencing. The success of many cryptocurrencies has demonstrated the value of blockchain technology, with hundreds of national governments now supporting blockchain projects with innumerable applications that extend far beyond DeFi.
Quite whether Dogecoin can replicate the success of Bitcoin or Ethereum remains to be seen, and on paper, some wonder what the fundamental value of Dogecoin is beyond a viral gimmick. However, with trading volumes growing by the day, it does seem that DOGE could be here to stay.
With business powerhouses like Musk adding momentum to the DOGE train, anything feels possible at this moment. If you are a growth investor with an appetite for massive rewards with sizeable risks, investing in Dogecoin could prove to be an exciting financial decision as the coin gains value.
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