What are the most important things for any cryptocurrency asset? Adoption is definitely one of them.
The CoinRabbit team works to provide our clients with advanced tools and ways of using their holdings, to implement additional solutions no matter what market conditions are.
In this article we would like to share more insights about Dogecoin: Why is it so popular nowadays, its recent technical updates, the hype around it and how you can use this asset to additionally increase your income flows.
It’s a widely known fact that DOGE has its own celebrities among its believers such as Elon Musk, Mark Cuban, Snoop Dogg, and more. It started as a joke and a meme less than a decade ago but has been on an insane ride this year as many new individual investors recognized it as a strong investment asset. DOGE was traded at less than 1 cent in the beginning of this year and hit its All-Time High around $0.74 this May.
Should we mention that 15,000% gains for such a short period of time at that peak moment is something you don’t usually get from any kind of investment, let it be gold, shares or even cryptocurrencies? More than quadruple the gains on the S&P 500, including dividends, since 1988. However, later Dogecoin price has fallen, recently trading on June 11 at about 32 cents.
It is nearly impossible for a regular cryptocurrency user to not know about Dogecoin nowadays. Still, we covered those who don’t know how it all started with a brief DOGE introduction.
Dogecoin is a cryptocurrency that started as a joke in 2013 in a form of meme homage to bitcoin, designed to serve no real purpose other than generating a few laughs.
It was named after an internet meme centered around the image of a Shiba Inu dog with bad spelling habits — thus “doge” instead of “dog.”
Developers Mr. Markus and Jackson Palmer co-created dogecoin 2013. Even the way people originally obtained the coin was meant to be ridiculous: In return for solving mathematical puzzles, dogecoin miners operating fast-running computers received anywhere from one dogecoin to hundreds of thousands of dogecoins.
Being a meme homage at the beginning hasn’t stopped DOGE from becoming one of the most popular assets across the sphere.
There are several reasons for DOGE being so popular nowadays:
There are several ways you can potentially increase your Dogecoin wealth such as day trading or HODL. On top of it, there are additional ways of making your DOGE work for you instead of gathering dust in a wallet. Here are some insights on when, why and how you can use Dogecoin at CoinRabbit to receive crypto loans.
The best time to borrow your assets is when you believe that it’s already dip. It gives your assets more chances to grow in price while talking a loan and to earn more funds. Received funds would be “a premium” for that case
Lack of spare cash? We got you covered! Spend your loan whatever you want even for daily purchases
Wish to accumulate more DOGE but got no funds to do it? Feel free to reinvest the received loan and get as much DOGE as you wish. In a meanwhile both your collateral and freshly bought DOGE might grow simultaneously which unlocks HODL 2.0 feature for you
If the market dumps and you wish to minimise the risks you can use our services and received funds to buy your beloved currency once it dips and potentially earn more when the market reverse and soars back plus get your collateral back
We provide the most convenient, fast and secure way to borrow your DOGE against USDT/USDC. Here is a short list of our features:
Not financial advice. Do your own research and take everything moderate.
Crypto backed loans have their own risks that should be taken respectively.
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