Main uses for Dogecoin include online tipping, merchandise purchases, charitable donations, and investments. Its creators are Billy Marcus and Jackson Palmer.
What is Dogecoin used for?
The main uses of Dogecoin are as follows:
Who invented Dogecoin?
Dogecoin was co-created by the following two people:
Latest Dogecoin Trend
As of 16:00 on August 7, 2024, Dogecoin (DOGE) is quoted at $0.0989, with a 24-hour trading volume of $994 million. The price fell by 0.61% in the past 24 hours.
Price Moving Factors
The recent price decline has been attributed to the overall correction in the cryptocurrency market and ongoing concerns about Dogecoin’s viability as a long-term investment.
Future Outlook
While Dogecoin may continue to be volatile in the short term, it still has potential in the long term. Bear market pressure has eased and market sentiment is improving.
Recommendation
For those investors who are willing to take the risk, now may be the right time to accumulate Dogecoin as a long-term investment. However, it is important to remember that there are inherent risks in cryptocurrency investing and only invest the amount you are willing to lose.
Short-Term Outlook
Dogecoin is expected to remain volatile in the coming weeks, but may find support at or slightly above current levels.
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