Tesla began accepting Dogecoin early on January 14th for payments for certain products it sells in its online store. Dogecoin has seen a rise in interest since this announcement.

This brief guide covers everything you need about Dogecoin.

Dogecoin is available at the best places

eToro

eToro, one of the most popular multi-asset trading platforms in the world, offers some of the best commission and fee rates in this industry. Its social copy-trading features make it a great option for people just starting out.

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Disclaimer

Bitpanda

BitPanda is an Austria-based Bitcoin broker. It has a large selection of payment options and good prices.

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What is Dogecoin?

Dogecoin was developed to be an easier and more approachable alternative to Bitcoin. That isn’t the only difference; it also differs from Bitcoin’s proof-of-work protocol in its use of Scrypt technology.

Dogecoin’s block time is 1 minute. The total supply is unlimited, so there is no limit on the amount of Dogecoin you can mine. Dogecoin can be mined either by yourself or in a mining pool.

Doge mining can be done on Windows, Mac, Linux or with a GPU. Since 2014, you can also mine Litecoin the same way as Dogecoin.

Do I have to buy Dogecoin now?

Dogecoin is the most popular meme coin. However, it’s still a meme coin that is susceptible to extreme price fluctuations. One tweet by Musk, a crypto meme-lord, can have a significant impact on its value. You should research the market thoroughly before you make a decision to invest.

Dogecoin price prediction

Crowd Wisdom suggests buying now. Dogecoin is expected to trade between $0.16 and $0.20 within the next few hours. Their outlook is optimistic. Dogecoin will be traded for $0.08 to $1 this year.

Dogecoin social media

BREAKING: $DOGEThe stock surges by more than 33% after Elon Musk tweets that “Tesla Merch is Buyable With Dogecoin”@elonmusk #dogecoin #doge pic.twitter.com/zuukd7gG1v

— Mr. Whale (@CryptoWhale) January 14, 2022