Benzinga Short: Buy Dogecoin | Benzinga
If you still haven’t heard of Dogecoin, you probably live under a rock. After the hype led by Tesla CEO Elon Musk, Dogecoin surged to over $ 0.69 per coin, giving that currency even a market cap of over $ 75 billion. Thanks to the new announcements from Coinbase and Gemini, Dogecoin has become easy to acquire. Here is how you can buy DOGE today.
Creating an account with a cryptocurrency exchange that supports Dogecoin is required to invest in DOGE. Fortunately, Coinbase has listed Dogecoin, and it is the easiest way for most investors to enter this dog-themed cryptocurrency. If you don’t have a Coinbase account yet, you can create one in minutes on your smartphone or desktop.
If you don’t have a Coinbase account, there are plenty of other ways to get into DOGE. Robinhood offers Dogecoin, but the platform does not have a dedicated cryptocurrency wallet, so you will not be able to send or receive Dogecoin on Robinhood.
Some other places where you can buy Dogecoin today are Gemini, WeBull, and Binance. Binance is unique in that you can trade Dogecoin for its Bitcoin pair, which makes it easier to track your portfolio against BTC.
With a market capitalization of over $ 40 billion, Dogecoin is considered overvalued by most investors. However, those same investors said Gamestop was overvalued at $ 25. Ultimately, the price of Dogecoin is rooted in speculation, so only invest the money that you are willing to lose.
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