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What is Dogecoin?

What is Dogecoin?



What is Dogecoin (DOGE)?

Unless you have been living under a rock, you would have heard about Dogecoin. Created as a parody of other cryptocurrencies in 2013, Dogecoin has since morphed into one of the biggest Alts. Dogecoin, like Bitcoin, runs on a blockchain and records transactions using a proof-of-work system. 

Concerns on its viability in the long-term have been raised, with critics often citing its unlimited supply as a bad omen. Doge holders, however, claim that what Dogecoin lacks in a primary use case, it makes up for in community backing. Also, the network processes transactions in a minute, unlike Bitcoin that requires ten minutes to do the same. 

While Dogecoin can be used for online payments and purchases, it is not a good store of value mainly because of its uncapped supply. But with a solid internet community called the “doge army” and public support of magnates like Elon Musk, perhaps it is a worthwhile investment. This year, Dogecoin is one of the top movers in the crypto space, with significant booms that took the price to an ATH of 73 cents.

What is DOGE price?

Dogecoin’s price is constantly changing. Hence, following an accurate chart is essential to make sure your portfolio is protected. Thankfully, YouHodler aggregates numbers from the leading exchanges to provide the most accurate price and chart possible.  

Where to buy DOGE?

The cheapest way to buy is by depositing your stablecoins like USDC and converting them to DOGE. You can also buy directly with your credit card, debit card or bank wire deposits.

How to earn interest on DOGE?

Earn passive returns on your DOGE by depositing it to your YouHodler wallet. Create an account with YouHodler, buy and deposit DOGE, and earn up to 7% APR with compounding interest. 

How to take a loan with DOGE?

Take a loan in stablecoins by using your DOGE as collateral. Our interest rate is ridiculously cheap and you can get up to 90% of your collateral.

How to trade DOGE?

You can do more than just hodling. Multiply your DOGE bag by using our Multi HODL strategy at YouHodler. 

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