Where to buy Dogecoin: it is rising after Tesla started accepting it as payment
- Dogecoin (DOGE) is currently trading at around $0.1735.
- It has risen by about 12.11% in the last 24 hours.
- Here is a quick guide on the best places to buy the DOGE coin.
Dogecoin has been on the chopping board in the last 2 weeks. Before resuming a bullish trend, its price had fallen drastically following the general crypto market plunge.
However, the dip has come to an end and the price of doge is once again on an upward trend. The current Bull Run is propelled by Tesla actualizing its earlier pledge to start accepting DOGE as payment for its EV vehicles.
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To help investors and traders who are eyeing the DOGE coin, Invezz has created a brief article to help with identifying the best places to buy it.
To find out more, please continue reading.
Best places to buy DOGE coin
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What is Dogecoin (DOGE)?
Dogecoin (DOGE) is a meme coin based on the popular “Doge” internet meme that was created from a Shiba Inu dog.
The coin was created in 2013 as a hard fork of Litecoin.
Its creators envisioned it as a fun cryptocurrency that would capture the interest of the majority of fun-loving crypto traders.
Elon Musk has posted several posts about the coin that have played a key role in pumping the price of the coin. The latest news from Elon Musk was his tweet on Wednesday saying that Tesla would start accepting DOGE as payment.
Should I buy the DOGE today?
If you are looking to invest in a meme coin that has shown great prospects of rising, then the DOE is a great opportunity.
Nevertheless, you should be aware of the fact that buying the cryptocurrency market is extremely volatile.
Dogecoin price prediction
The recent announcement that Tesla shall start accepting DOGE as payment is expected to propel the DOGE coin to at least above $0.3 before the end of the year.