Buy Dogecoin with Credit Card. Is Doge a good investment?

Dogecoin Review and Analysis

Dogecoin (DOGE) statistics & facts

Overview

Currently the 5th largest cryptocurrency by market cap, Dogecoin is a cryptocurrency, that differs greatly from other popular coins such as Bitcoin or Ethereum. Dogecoin may have come about originally as a lighthearted joke but its ensuing success has proven that it truly is anything but funny.

What is Dogecoin?

Dogecoin was first created in late 2013 by software engineers Billy Marcus and Jackson Palmer and was originally intended just to poke some fun at Bitcoin, with even its logo being inspired by a meme, describing a Shiba Inu dog.

It was soon made clear though that Dogecoin had acquired a big community of enthusiasts ready, willing and able to not only gather funds but also arrange several publicity stunts in order to raise the profile of Dogecoin, gaining both exposure and acceptance for it.

Though it did start as a joke, today it enjoys the endorsement of many people, such as Elon Musk, the CEO of Tesla who says that Dogecoin is the people’s crypto and his own personal favorite. It is thus not strange that in 2021 alone the price of Dogecoin has exploded and it has already gained more than 5,000%.

How Does Dogecoin Work?

Similarly to other cryptos, Dogecoin runs on blockchain technology, and it is a decentralized digital currency with all its transactions being securely stored in a digital ledger, an identical copy of which is carried by all Dogecoin holders. The Dogecoin blockchain ledger is constantly updated with all new transactions, while cryptography is used to keep all transactions secure.

Dogecoin uses a proof of work system and rewards the miners that support its blockchain ledger by solving complex mathematical equations, with additional Dogecoin that they can either hold on to or sell.

Since there is no lifetime cap on the number of Dogecoins that may be created through mining, Dogecoin is a highly inflationary coin and thus not suitable as a store of value, though it may be used to pay for the purchase of goods and services. Since hard work of miners means that millions of new Dogecoins are being created each day, it is very difficult to hold up any speculative price gain in Dogecoins.

By the end of the guide, you should know the following:

• A brief history of Dogecoin.
• What Dogecoin can be used for.
• If Dogecoin is a good or a bad investment.
• How to buy Dogecoin.
• Where to buy Dogecoin.

Dogecoin price charts

Dogecoin (DOGE) Future Price Forecast Predictions

* The prediction figures outline some of the Potential high and low of Dogecoin (DOGE) price prediction forecasts for the years 2021, 2022, and 2025 based on the data collected from various sources meant strictly for educational purposes only and not taken as investment advice.

Dogecoin (DOGE) Price Prediction for the year 2021

By the end of the year 2021, using forecast and algorithmic analysis, our price prediction forecasts suggest that one Dogecoin will reach an average price of $0.575, which will be an impressive 168% growth from it's current market price.

Dogecoin (DOGE) Price Prediction for the year 2022

By the end of the year 2022, our price prediction forecasts suggest that one Dogecoin will reach an average price of $1.31, which will be an impressive 383% growth from it's current market price.

Dogecoin (DOGE) Price Prediction for the year 2025

By the end of the year 2025, our price prediction forecast suggests that one Dogecoin will reach an average price of $4.915, which will be an impressive 1437% growth from it's current market price.

Where Can You Buy Dogecoin

There are several online sites and platforms where people from across the globe can buy Dogecoin at good exchange rates and with low or no transaction fees. To aid your quest we have comprised a list of some of the most popular methods and platforms to buy Dogecoin from and your strongly advised to consult this list before making your first purchase of or investment in Dogecoin.

How Can You Buy Dogecoin

It only takes a few easy steps to buy Dogecoin with credit card instantly. Speed matters - get instant confirmation, minimal registration & KYC verification!

By the end of the guide, you should know the following:

• Click the Buy Now button.
  Buying Dogecoin with debit card is easy, fast and risk-free. All you need to do is click the “Buy Now” button and then be safely directed to the check-out page.
• Fill in the fields.
• Proceed to checkout.
• Receive your Dogecoin.

To help you pick the right choice, we combed through the leading exchange offerings, and reams of data, to determine the best crypto exchanges as well as the top cryptocurrency brokers when it comes to trading and investing in Dogecoin and other cryptocurrencies.

Dogecoin investment analysis

Is Dogecoin a Good Investment? Holding onto Dogecoin for a long time makes no sense, since millions new Dogecoins are being mined every day and there is no cap or limit in their number. This is not like Bitcoin whose value rises because there is a lifetime cap on the number of coins that can ever be created. It thus becomes clear that the actual goal of Dogecoin is to be a spending currency.

Because the per coin value of Dogecoin has until recently bee very low, round $0.003, people were likely to give Dogecoins away without much thought and in fact many social media users were tipping or rewarding each other for content posted by giving each other Dogecoins. This strong tipping and donating culture may not be sustainable given the recent rise in the price of Dogecoin, though this boom may not last for long for a culture change to be necessary.

Risks of Investing in Dogecoin

Should You Buy Dogecoin?

Though those who bought Dogecoin at the beginning of 2021 were very well rewarded due to the subsequent spike in its price, buying Dogecoin as an investment is not highly advisable since the constant creation of new Dogecoins which are thrown into the market keep the coin’s value under a constant downward pressure.

Moreover, since Dogecoin lacks the high security level and code-level scrutiny that Bitcoin or Ethereum have, it is vulnerable to additional security risks. Moreover, the Doge mining community is not as robust and Dogecoin is thus also exposed to the possibility of a mining level attack.

Finally, Dogecoin buying is risky as the purchase of any cryptocurrency always is and it is therefore important to start such endeavours carefully and with due care and caution, buying just a small amount to get familiar with each particular coin and its system and never commit or invest funds that you cannot afford to lose.

Tips on How to Invest in Dogecoin and Make a Profit

There is no guarantee that you will make a profit when you invest in Dogecoin. However, to give yourself the best chance possible we have hand-picked the three most valuable such strategies, which you can find below:

• Tip 1: Set your own specific Financial Goals
• Tip 2: Dollar-Cost Average Your Dogecoin Investments
• Tip 3: Diversify Your Dogecoin Investment

Overall Conclusion – Final Thoughts

In this guide, the aim wasn’t only to answer simple questions like “how to buy Dogecoin?” or “where to buy Dogecoin?”. Instead, the goal was to equip you with the relevant knowledge and insight to be able to see and understand the bigger picture as well as make your Dogecoin investment journey as successful and as profitable as possible!