How and Where to Buy Dogecoin (DOGE) in the UK?
<h2 align=”center”>0.00 GBP</h2> <table> <td>Rank:</td> <td> </td> </tr> <tr> <td>Market cap:</td> <td> 0 </td> </tr> </table>
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Faster confirmation time for completed transactions, the transaction fee for Dogecoin is meager, it is widely accepted
Jackson Palmer and Billy Markus
The rapidly developing crypto markets can’t stop attracting investors who want to multiply their funds in the context of the booming crypto values. While many people consider only the well-established giants like Bitcoin or Ethereum, neglecting other altcoins isn’t the best investment decision: you risk missing a lucrative speculative opportunity and gain a lot.
In this article, we will elaborate on how to buy Dogecoin in the UK, where to store it, and why, in the first place, you should consider it.
What Is Dogecoin (DOGE) and Why Should You Buy It?
The cryptocurrency that became famous as a joke got its name from a once-popular meme. While it was created back then in 2013 for the sake of crypto enthusiasts rather than as a serious opponent to other cryptos, everything has changed. Today, DOGE ranks 7th by market capitalization according to the data from CoinMarketCap and shows the potential for wide adoption in the future.
The coin’s value experienced a staggering growth this year, spiking from $0.0048 in the beginning of January 2021 up to $0.4 in April. While it can be attributed to the overall crypto market development, DOGE, in particular, is associated with Elon Musk, who gave his endorsement. The famous Tesla CEO mentioned Dogecoin on his Twitter, saying that it’s his most favourite crypto and he will plant a physical token on the moon.
However, it isn’t the only driver of the coin’s popularity. In the future, Dogecoin has the potential to substitute traditional money. The decentralized peer-to-peer cryptocurrency that was forked from Litecoin (LTC) allows fast and secure transactions, which can easily become a norm provided the coin gains massive adoption. This, in turn, can significantly rocket the value and enrich the investors who purchased DOGE before.