Buy Doge DOGE

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2. Create an account and get started

• Register with an email address and create a strong password

• Provide necessary personal details

• Accept the terms and conditions and privacy policy

• Begin the verification process

3. Confirm your identity

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• Complete the online verification with a stable internet connection and a valid ID document

4. Deposit funds into your account

• Use the Bitpanda website or mobile app to deposit fiat money or other tradable assets into your account

• You can deposit via bank transfer, credit card, PayPal or Apple Pay

• There are also options to use EPS and SOFORT transfers, giropay, SEPA direct debits and other online payment services such as Skrill and NETELLER

5. Buy Dogecoin and invest in cryptocurrencies

• Once the funds are in your account, you can buy Dogecoin (DOGE) and other cryptocurrencies

• Simply select Dogecoin (DOGE) for purchase, choose a payment method, and confirm the transaction

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Forecasts predict a continuous increase in the Dogecoin (DOGE) price due to the growing acceptance and use of cryptocurrencies. Those who invest early could benefit from long-term price appreciation.

The value of Dogecoin (DOGE) can be affected by various factors, such as regulatory changes and global economic events. Therefore, it is essential to thoroughly research before investing. The following sections give an overview of the key events and factors impacting its price.

The past price trends of Dogecoin (DOGE) do not indicate future performance.

The most important information about Dogecoin:

• Dogecoin is a cryptocurrency that was founded in 2013

• The cryptocurrency originated as a joke and internet meme currency – but it has since become a serious cryptocurrency

• Dogecoin is based on the cryptocurrency protocol Litecoin and uses a Proof of Work consensus mechanism to verify transactions and generate new coins

• The cryptocurrency DOGE has an active and engaged online community that often supports fundraising campaigns and other social initiatives

• Over the years, Dogecoin has achieved a number of successes, including strong price development in 2021

• Dogecoin is characterized by a relatively large coin supply of almost 130 billion coins – in contrast to cryptocurrencies like Bitcoin, which have a fixed coin supply

Dogecoin (DOGE) is an open-source and peer-to-peer digital currency based on the viral "DOGE" meme. The cryptocurrency was founded on December 6, 2013, by Billy Markus and Jackson Palmer and quickly developed an active community. Dogecoin is mainly used as a tip on Reddit and Twitter to reward exceptional content on social media. With the community-owned Dogecoin Foundation, there is regular participation in charity events. If you want to buy Dogecoin, Bitpanda offers a reliable platform for buying and selling cryptocurrencies. Register today and start your own crypto investment portfolio.

Dogecoin or DOGE is a cryptocurrency based on blockchain technology that was created in 2013 as a humorous parody of other cryptocurrencies like Bitcoin. The name of the cryptocurrency and the Shiba Inu emblem are based on a popular internet meme.

Unlike Bitcoin, which is designed with a limited number of coins, Dogecoins are intentionally abundant – with 10,000 new coins mined per minute and no limited coin supply. Dogecoin's blockchain and DOGE crypto were created by software engineers Billy Markus and Jackson Palmer. Markus worked at the IT consulting company IBM and Palmer at the software company Adobe. The team shared the vision of a fun and user-friendly crypto project that sets itself apart from traditional banking systems and charges virtually no fees for instant transactions.

The Dogecoin project started with the idea of creating a cryptocurrency that could be used by a broader population than Bitcoin. The first step was for Palmer to buy the domain dogecoin.com and set up the official website of the project. After the launch of DOGE and reaching millions of trading volumes in the first few days, the number of visitors to the official site also increased.

DOGE: a cryptocurrency takes off

Initially launched as a joke, Dogecoin combined two popular online themes at the time: the emerging cryptocurrency Bitcoin and a meme featuring a Shiba Inu and a misspelled version of the English word for "dog." To the great surprise of its creators, Dogecoin quickly became successful – dogecoin.com received over a million visitors in the first month. Particularly curious was that Dogecoin was (and is) a full-fledged cryptocurrency, with its own blockchain and a mining system similar to Litecoin. Historically low prices (for most of its existence, you could get DOGE for fractions of a penny) and the large supply have recently made it attractive to speculators hoping for a price increase. Dogecoin has an active mining community that ensures the cryptocurrency remains active and traded.

Dogecoin experienced a rapid increase in value during the crypto boom in 2017. The coin's market capitalization exceeded $1 billion for the first time.

How does Dogecoin mining work?

Dogecoin uses the Proof of Work protocol, allowing it to be mined similarly to Bitcoin. Miners verify and confirm transactions to protect the network from attacks and malicious activities. A Dogecoin block is produced per minute and the reward for mining is 10,000 DOGE (per newly appended block).

Dogecoin differs from the Bitcoin Proof of Work protocol in several ways. One difference is the use of Scrypt technology instead of Bitcoin's SHA-256: With a block time of only one minute and an unlimited total supply, Dogecoin offers unlimited mining opportunities. There are two ways to mine Dogecoin: alone or in a mining pool. Since 2014, Dogecoin and Litecoin can be mined simultaneously, as they merge in processing (Merged Mining).

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Dogecoin vs. Bitcoin

Dogecoin markets itself as a "fun" version of Bitcoin with a Shiba Inu dog as its logo. The relaxed presentation of Dogecoin matched the sentiment of the emerging crypto community at the time. However, its Scrypt technology and unlimited supply still serve as arguments for a faster, more adaptable, and consumer-friendly version of Bitcoin.

Dogecoin is considered an "inflationary" coin, while cryptocurrencies like Bitcoin are deflationary. This means that there is a cap on the number of Dogecoins that can be created. Every four years, the amount of Bitcoin released through mining rewards is halved (halving), and the inflation rate halves with it until all coins are released.

What you should know about Dogecoin:

• Dogecoin was founded in late 2013 by the two software engineers Billy Markus and Jackson Palmer, who worked at IBM and Adobe Systems respectively

• Dogecoin was created using the open-source code of Litecoin, which was itself an evolution of the Bitcoin blockchain

• The main purpose of the founding was to raise public awareness of the possibilities of blockchain technology

• Dogecoin experienced a rapid increase in value during the crypto boom in 2017 – the coin's market capitalization exceeded $1 billion for the first time

• Supported by a large online community, including Elon Musk, Mark Cuban, and Snoop Dogg, Dogecoin increased by more than 4,000% in 2021 alone

With Bitpanda, you can buy both Bitcoin and Dogecoin simultaneously. With the Bitpanda crypto indices, you can invest in Dogecoin (DOGE) and other cryptocurrencies and diversify your portfolio in the long term.

The infamous meme coin DOGE has experienced ups and downs in price fluctuations. Initially worth only a fraction of a penny, it then saw a surge, reaching an all-time high of around $0.74 in May 2021.

Important milestones and events of Dogecoin

The most important milestones and events of the DOGE price were:

• 2013: within the first two weeks after its launch, the price of Dogecoin rose from $0.0002 to $0.0023

• January 2018: the DOGE price rises for the first time to $0.018 / DOGE with a market capitalization of $1 billion

• 2020: the price for DOGE starts at $0.00023 / DOGE and reaches a new high of $0.0032 / DOGE in July

• In the months following this peak, the DOGE price fell until it soared again in November, ending the year at $0.0046 / DOGE

• Between January and May 2021, Dogecoin rose by 9,884%, from about $0.03 to $0.74 / DOGE – its previous all-time high (ATH)

• 2022: the DOGE price experiences a downward trend and fluctuates between around $0.14 and $0.085 / DOGE

Development of the Dogecoin price

Although Dogecoin has experienced some highs and lows, it has never been worth more than one US dollar. As the supply of Dogecoin is unlimited, the value development relies on investors continually buying new DOGE coming into circulation.

When Dogecoin was launched, the founders took a different approach than many other cryptocurrencies. There was no public sale or "pre-mining," but the total supply was set in advance at 100 billion coins. Anyone with a laptop or smartphone could start mining immediately.

A special feature of Dogecoin was also the block reward system. Inspired by a project called LuckyCoin, Dogecoin block rewards were given out randomly, meaning miners could receive between 0 and 1 million DOGE for mining a single block. The number of coins available for block rewards decreased every 100,000 blocks until 2014, when the founders decided to switch to a fixed schedule. From that point on, successful miners received 10,000 Dogecoin as a reward for each successfully completed block.

Crypto newcomer DOGE gets a kickstart

On December 15, 2013, DOGE was traded on crypto exchanges for the first time at a price of $0.0002993. The currency quickly became popular among crypto users, and two weeks after its launch, the Reddit channel r/Dogecoin began attracting thousands of users and contributors.

Within the first two weeks after launch, the Dogecoin price rose from $0.0002 to $0.0023, an increase of 1,061%, although the actual value of the DOGE token at the end of 2013 was relatively low compared to cryptocurrencies like Bitcoin or Ethereum.

Increasing popularity of Dogecoin

Despite its growing popularity, Dogecoin experienced only two short-lived surges in value in its first four years on the crypto market. The first peak occurred immediately after its release when its price rose from $0.0002 to $0.0023 in 15 days – an increase of 1,061%. The second significant increase occurred in March 2017 when the crypto industry as a whole entered a bull market – a phase of sustained rising stock prices. During this period, the DOGE price rose to a high of $0.004, an increase of 1,494% – the highest price since its launch.

The ups and downs to Dogecoin's all-time high

After its rise in 2017, the DOGE price fluctuated and fell below $0.001. It wasn't until November of the same year that numerous investors began investing again, and Dogecoin reached a new high of $0.018 in January 2018. However, it took more than three years for Dogecoin to reach this level again, following a period of low trading activity and waning interest in the cryptocurrency.

But in early 2021, the hype around Dogecoin returned thanks to prominent supporters like Tesla CEO Elon Musk, leading the DOGE price to a new all-time high. Between January and May, the price rose by 9,884%, eventually reaching a high of $0.74.

Current forecast for Dogecoin

For a current forecast for the Dogecoin price, experts analyze the price development of the cryptocurrency and consider technical and social aspects: Dogecoin is based on the Litecoin blockchain and uses Scrypt technologies. Although it can process over 40 transactions per second, mining on this platform is more complex than on Proof of Work-based blockchains. Due to its low transaction costs, Dogecoin is considered a cryptocurrency suitable for various applications.

Experts expect the demand for Dogecoin to increase due to its popularity on social media and its low transaction costs. Therefore, it is possible that Dogecoin will reach a price of $0.6 / DOGE by 2023. However, past performance is not indicative of future performance.

The price of Dogecoin depends on various factors that influence its development. The strong and supportive community is an important factor that defines the value of Dogecoin. Additionally, endorsements from celebrities like Elon Musk also impact the Dogecoin price – as seen in the case of Elon Musk's tweet, in which he called DOGE one of the most interesting digital assets.

Dogecoin also follows important global trends that influence the crypto market. The value of DOGE can change due to trends driven by cryptos like Bitcoin. The application possibilities of Dogecoin also play a role, as DOGE is currently mainly used as a means of tipping and micropayments on social media platforms. This functionality and the almost fee-free transfer of Dogecoin contribute to its popularity and can positively influence the price trend.

Social and economic situation

The value of Dogecoin, like any other asset, depends on supply and demand. As the supply continues to grow, demand would need to rise exponentially to maintain the value at the current level.

The DOGE prices experienced a strong increase in 2021, driven by retail investors on Reddit, including the subreddit "wallstreetbets." They worked together to drive prices up, while the general crypto boom and tweets from Elon Musk amplified the increase.

This sudden surge attracted a lot of attention in (social) media, which in turn attracted further investments and drove the price up even further. The fear of missing out drove a wave of new investors. Dogecoin remains a very volatile cryptocurrency and there is no guarantee of future price increases or decreases – as the difficult economic situation around the COVID-19 pandemic and the Ukraine war ultimately affects the entire financial market.

DOGE: An inflationary coin

Unlike Bitcoin, Dogecoin has no set cap. In theory, an unlimited number of coins can be mined. The two founders Markus and Palmer initially set a limit of 100 billion coins, but a year later they decided to remove this limit, giving Dogecoin an inflationary character. In 2014, the inflation rate was 5.3%, but since the annual amount of new coins remains constant, the inflation rate decreases every year. By 2025 it will drop to 3.4%, by 2035 to 2.5%, and by 2050 to 1.9%. Meanwhile, the number of coins in circulation has exceeded the originally set cap by almost 30 billion coins. The amount of coins in circulation also affects the value of the DOGE price.

Publicity effect and partnerships

Dogecoin partnerships are strongly driven by the community. DOGE has become an accepted means of payment at more than 2,000 merchants, hotels and even at the AMC cinema chain. Mark Cuban uses the coin for his basketball team, the Dallas Mavericks, and Elon Musk also has plans to use it. This has made Dogecoin one of the most widely used cryptocurrencies on the market.

Overall, it shows that the DOGE price is heavily influenced by the popularity of the cryptocurrency – especially with meme coins, interactions on social networks are particularly important. The greater the popularity of the coin, the stronger the demand among investors, and the higher the price of the cryptocurrency can rise.