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DOGE coin, or Dogecoin, is certainly known as one of the recognized projects in the cryptocurrency industry. How did Dogecoin achieve such rapid development and recognition without any significant changes? This article will answer questions like who created Dogecoin, how to buy Dogecoin, and whether Dogecoin has a future, while also touching on how Dogecoin came into existence and its intended purpose.
What is Dogecoin?
The answer to the question of who created Dogecoin is known as Jackson Palmer. Palmer, who also contributed to the development of Mozilla Firefox, can be said to have started everything with his statement in 2013. In 2013, Palmer made a satirical remark about the launch of many new Bitcoin-based cryptocurrencies, emphasizing that Dogecoin was the next big investment.
Palmer’s adoption of the Shiba Inu dog breed, which was very popular at the time and had become a complete internet phenomenon, as the project’s logo, quickly created serious FOMO. Following Palmer’s joke, developer Billy Markus took a step, and on December 6th, Dogecoin was indeed launched.
The answer to the question of how to buy Dogecoin became the cryptocurrency exchanges after December 6th. Dogecoin’s price has seen significant volatility from that date to the present and has achieved an 82-fold increase against the Turkish Lira at one point.
Dogecoin Commentary
Although Dogecoin was definitely launched as a joke, its fast and low transaction fee option certainly appeals to many investors. In addition, Dogecoin achieves a significant increase against the Turkish Lira almost every year. While the answer to the question of whether Dogecoin has a future may vary from person to person, DOGE, as a permanent project in the industry, certainly seems to have a place in the coming years.
The price of Dogecoin at the time of writing this article is $0.0027, and Dogecoin analysis indicates that $0.0037 is an important resistance level. Those who want to buy without breaking this resistance point and wait for the long term can easily do so through the Binance cryptocurrency exchange.
How to Buy Dogecoin?
You can follow the steps below to buy Dogecoin on Binance:
- First, to buy DOGE, you need to deposit USD into the exchange or buy a cryptocurrency that can be used instead. For this, first go to the Binance homepage, click on the “Buy Crypto” option in the upper left, and then click on the “Credit/Bank Card” tab.
- Select how much USD you want to transact with on the opened tab, and then mark Tether, i.e., USDT, in the Coin section.
- After purchasing USDT, preview the “Buy-Sell” option in the upper left again and click on the “Classic” tab.
- In the opened section, select the USDT tab in the upper right, enter DOGE in the search button and select the opened DOGE/USDT pair below.
- Then come to the “BUY DOGE” tab in the middle, enter the amount you want to buy.
- Enter the amount you want and complete the DOGE buying process by confirming the transaction.
