dogecoinis a cryptocurrency created in 2013 by software engineer Billy Markus and Adobe product group manager Jackson Palmer. The currency issued for parody purposes has become one of the most valuable and best-known cryptocurrencies, thanks to its increasing value against real exchange rates. Dogecoin features the Japanese Shiba Inu dog, which went viral and became a “meme”.

Why Is Dogecoin on the Rise?

There are several reasons why Dogecoin, one of the few cryptocurrencies that comes to mind when it comes to crypto money, has gained such high value and become popular. Dogecoin achieved its first rise thanks to a group called Satoshi Street Boys on Reddit. Satoshi Street Boys group people dogecoin By calling to buy it, he caused the value of Dogecoin to increase. Although this call caused Dogecoin to rise, Dogecoin experienced its real rise when Tesla’s CEO Elon Musk directed people to buy Dogecoin. Elon Musk, who shared about Dogecoin several times, directed people to Dogecoin and caused Dogecoin to gain value suddenly.

Another reason for Dogecoin’s high performance is that most of it is in the hands of a single person. According to The Wall Street Journal news dated February 17, 2021, nearly 30% of Dogecoin’s total supply is in the hands of a single person.

How to Buy Dogecoin?

buy dogecoin To do this, you must first have a membership in a local cryptocurrency exchange. After providing the necessary information to create your account and becoming a member, you can start investing in the cryptocurrency you want. Depending on the local cryptocurrency exchange you are a member of, you can add money to your account using many options such as credit card, debit card, EFT, wire transfer and papara. Apart from this, you can also buy Dogecoin by using the money you earn from other cryptocurrencies in your account.

One of the things to pay attention to when buying Dogecoin is that the site you buy from is secure. If you are going to buy Dogecoin or any other cryptocurrency for the first time, we recommend that you look at a few places and do research and buy from the most reliable site, instead of buying from the first site you find. Otherwise, since cryptocurrencies cannot be tracked, fraud etc. You may experience difficulties in certain situations.

How Much TL is Dogecoin?

The highest value in Dogecoin history was observed in May 2021. The current value of Dogecoin, which was then 0.73 dollars (7.10 TL), is 0.25 dollars (2.43 TL) as of November 4, 2021.