You barked and we heard you! Dogecoin (DOGE) is now available for buying and selling on the eToro marketplace.
Much wow, indeed.
That’s right, everyone’s favorite “meme coin” is live on eToro. All kidding aside, DOGE is not an asset to be taken lightly. Having already increased in value by over 5,000% in 2021, DOGE now has the seventh largest cryptocurrency market cap, behind some real heavy hitters.
So, for those unenlightened on the almighty Shiba Inu of crypto…
What is Dogecoin?
Launched in 2013, as a fork off the Litecoin blockchain, Dogecoin is the brainchild of software engineers Billy Markus and Jackson Palmer. It’s best described as an “open source, peer-to-peer cryptoasset.” While its name and logo were inspired by a meme of a dog surrounded by unintelligible comic sans text, DOGE wasn’t necessarily created as a goof. Like many of their peers, its developers had the same dream of a democratized digital payment system, free of bank fees and other intermediaries.
What DOGE cultivated — and where many other altcoins faltered — was a strong following. Specifically, users on social media sites (e.g., Reddit, Twitter) have adopted DOGE as a gratuity crypto, meaning they use it to tip others in certain communities for different services or online content.
While DOGE has seen some notable rallies (soon after launching in December 2013 and during the crypto boom of 2017-2018), it has experienced its greatest growth this year, with luminaries like Elon Musk, Snoop Dogg, and Mark Cuban all touting its prospects. In fact, this past March, Cuban announced his Dallas Mavericks would start accepting DOGE in exchange for tickets and merchandise — resulting in over 20,000 transactions to date.
Wow, That’s Amazing! Now, Where Can I Get Me Some DOGE?
DOGE is now available to eToro users by clicking the link below. You may also start to notice it featured in some of our Popular Investor portfolios in the coming months.
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