If you haven’t already noticed… Elon Musk has been tweeting a lot about Dogecoin lately… and it’s been driving the price of Doge to all time highs!
There is a dedicated community on reddit who is currently trying to MEME Dogecoin to never before seen heights, and Elon Musk seems to be aiding in the effort. As more and more people buy into Dogecoin, the value of the coin continues to raise… people speculate on if it could become the next Bitcoin… turning humble investments into millions of dollars.
The goal is to take what started out as a JOKE coin, currently valued at 5 billion dollars, and drive the price (currently bouncing between around 6 and 8 cents) and drive the price of the coin up to $1 or even as high as $100.
We have recently seen the power of reddit and community driven action on the stock market as GME GameStop prices soared to unbelievable heights and made news headlines everywhere.
Is DOGECOIN posed to become the next GME? Elon Musk may be playing a significant part in that very goal, as his tweets have been shown to move markets! Recently SNOOP DOG also jumped onto the Dogecoin bandwagon, tweeting his support.
THRU THE MOON! It is chanted from the subreddits of Dogecoin as the hype builds and builds each day.
What will happen with Dogecoin? Well — it’s quite hard to predict. But with the worlds richest man, and names like Snoop Dog(e) and Gene Simmons — the self proclaimed GOD of Dogecoin.
Maybe.
How to Get Some Cryptocurrency
Coinbase.com
Easy and user friendly — very safe and secure place to get some Bitcoin (and other cryptocurrencies).
CONS: Limited in it’s selection of available cryptocurrencies — but it is expanding quickly and it’s by FAR the least technical/complicated platform to use (VERY EASY) in-fact.
Binance.com
Now this, is a somewhat more (actually fairly complicated) place to get some cryptocurrency — BUT, if your tech-savvy / investment savvy and want a LOT more options. Binance is the way to go (WARNING : this website may be a bit overwhelming to learn how to use if your not quite savvy). But you can get all sorts of alternative coins that aren’t available on Coinbase.
Hotbit
I also use HOTBIT, as an alternative that’s fairly easy to use — and ALSO offers a lot of new and upcoming smaller cryptocurrencies that are not available on other platforms. This is good for when you REALLY start getting into crypocurrency investing — but, if you want to stick to the main coins (to start) — then I still suggest COINBASE.
