Trending February 2024 # Dogecoin Vs Evergrow – Are Whales Bad For Doge? # Suggested March 2024 # Top 2 Popular

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The top 119 Dogecoin wallets own 71.13% of the DOGE supply. Here’s what you might be thinking:

Aren’t those Dogecoin wallets held by exchanges?

Are Dogecoin whales bad for me, a small-to-medium investor, buying up DOGE?

What does this even mean?

And here are the answers.

Exchange wallets. The largest wallet owning 29.31% of the Dogecoin supply is the Robinhood wallet – but when exchanges are accounted for, there are still 108 whale wallets worth over $8 million and controlling 26% of the total Dogecoin supply.

Are Dogecoin whales bad? Dogecoin whales have created some of Dogecoin’s biggest price dumps. The concentration of wealth in their hands has been addressed by Elon Musk before as the central problem facing Dogecoin. So, arguably, yes Dogecoin whales are bad.

What does this mean? If none of this makes sense, imagine you live in a city of 3.5 million people where a quarter of all the houses are owned by just 108 people. It might make you uneasy, right? It wouldn’t be hard for these people to meet up and decide to price people out of one neighbourhood or slash rents in another, right?

The power of Dogecoin whales is in moving markets as they wish. Which is why EverGrow is a really interesting project taking the crypto market by storm this August 2023 – it has a built-in anti-whale mechanism and fundamentals that take away some of the whale’s power. Let’s look at how Dogecoin whales haved moved prices and what EverGrow is doing to stop it.

The whale that dumped a billion Dogecoin

If you’ve researched Dogecoin, you’ll know about the all-time high of $0.7376 on May 8 last year. But you probably don’t know about the crash that happened right after it. By May 12, the price of Dogecoin had fallen to $0.39. Anyone who had bought around the all-time high would have lost up to -47% on their portfolio within five days. So what caused the Dogecoin price crash? This exact topic was the subject of a viral

EverGrow – an anti-whale coin

For anyone interested in crypto whale games, there’s an interesting section to the EverGrow

8% as BUSD rewards

2% for liquidity on PancakeSwap

2% for buyback & burn

2% for marketing & development

EverGrow – a different way to make money from crypto

Immediately, the EverGrow transaction tax means a whale would have to pay a significant amount to be able to sell up. If they did, all existing investors would be earning a portion of the sell in BUSD passive income. For example, the EverGrow chairman Sam Kelly started out as a regular investor. He published his wallet address on

Dogecoin vs EverGrow – are whales bad for business?

Whales are a fact of crypto investing. There will always be people with more capital to invest – but cryptocurrencies like EverGrow are seeking to reign in the power that Dogecoin whales can exert over the market. For example, the $422,684,830 profit of just one Dogecoin whale would have contributed $33.8 million back among all investors. With currently 140,000 EverGrow holders, such an amount would have seen an average of $242 entering each wallet as passive income – and still the whale would have earned over $388 million. That said, whales buying up Dogecoin in early 2023 also contributed significantly to pumping the price of DOGE up to its all-time high. What’s clear is that whales are neither good nor bad for business.

You're reading Dogecoin Vs Evergrow – Are Whales Bad For Doge?

Here’s What Elon Musk Said About Dogecoin Whales

The headlines in mid August 2023 are full of news about Dogecoin whale activity. Here’s the overview:

The frequency of Dogecoin transactions worth $100k+ has spiked to a three-month high

As a result, Dogecoin has pumped 14% in price over the past week

Dogecoin hit its highest price so far since the crypto crash in mid May

In this article we’ll look at Elon Musk, a massive whale dump and how to combat whale games in crypto.

Elon Musk called whales the ‘only real issue’ in Dogecoin

Most people know that Elon Musk’s Tesla holds Dogecoin. Probably a lot of Dogecoin. But just because Elon Musk has been behind countless spikes in the DOGE price it doesn’t mean that large holders are unequivocally good for a cryptocurrency. As a matter of fact, Musk sees it as the biggest enemy of Dogecoin. Writing on Twitter last year he said: “If major dogecoin holders sell most of their coins, it will get my full support. “Too much concentration is the only real issue imo … I will literally pay actual $ if they just void their accounts.” The Tweet got around 300k likes and in follow-up Tweets Musk later said that Doge was too ‘concentrated’ in the hands of a few whales. Looking at the data today, it’s evident that not a lot has changed. Just 108 Dogecoin wallets own 26% of DOGE, according to

The whale that halted the Dogecoin all-time high

Dogecoin hit an all-time high of $0.7376 on May 8 last year. If you’ve read about Dogecoin, you’ll know this figure – but you probably don’t know that DOGE crashed to $0.39 just four days later. Such a fall would have left people 50% down on their portfolio had they bought around the high. So what was behind the plummet? Of course, selling is the answer. But one whale in particular was responsible for dumping 1.1 billion DOGE on May 8. The transactions were identified in a

Why are whales bad for Dogecoin?

The central idea underpinning Elon Musk’s backing of DOGE and the Dogecoin Foundation itself is simple. Making Dogecoin an alternative digital currency to fiat. You might not have raised an eyebrow at that, but think again. The purpose of Dogecoin is not to go through price volatility and speculation but to remain as stable as possible. Dogecoin is an inflationary token – and to people like Musk and Mark Cuban this is a benefit. Why? Because although Bitcoin has seen widespread adoption, there are not many people who would use Bitcoin every day to buy groceries, pay for taxis or buy subscriptions. Who would spend an asset that could double or triple in price before the year is out? If they’re serious investors, not many. When a huge supply is concentrated in the hands of a few whales – and these whales are out to make a profit – it goes against what Dogecoin developers and key backers want for the token. This is why there’s a consistency with Musk offering to buy out Dogecoin whales and then allowing Dogecoin payments for merchandise, taxi rides in Las Vegas and to fill up a Tesla. In other words, Elon Musk doesn’t want Dogecoin to move around a lot in price.

Are there any cryptocurrencies that challenge whales?

Yes – and they’re well worth checking out for crypto investors. One of the tokens leading the space in 2023 is EverGrow. The

Should I be worried about Dogecoin whales?

Dogecoin whales are a fact of any investment in DOGE. They’re still there. They’re likely not going anywhere. So you need to learn to watch their movements and understand when a price plummet is just a whale move so they can buy back tokens at a higher price. If you’re buying up Dogecoin because you believe in its future as a decentralised currency for the Internet, then whales will be a problem.

Shiba Inu On Track For $1 In 51,871 Years – Time For Evergrow?

Did you read that headline and think ‘impossible’?

So let’s take a closer look.

The Shiba Inu market cap is $5 billion. But let’s take the all-time high market cap of $44 billion for context. To reach a Shiba Inu price of $1 the circulating supply needs to reduce from a current 549 trillion down to 44 billion SHIB.

In other words, Shiba Inu needs to burn 549 trillion tokens. But with just 882 million Shiba Inu burned from supply throughout October it would take 51,871 years at the current monthly burn rate. 

Surely the Shiba Inu burn rate has been higher than that?

It has.

The best month for Shiba Inu burns was October 2023. Some 33 billion SHIB tokens were destroyed. But even at that monthly burn rate we’re still looking at a 1,386 year wait.

The Shiba Inu community got excited in the summer about the potential for the Shiba Eternity game to boost SHIB burning. But then it was revealed that just 5% of Shiba Eternity profits are being used to burn SHIB. 

Obviously, it hasn’t made a huge impact yet.

What about Shiba Inu hitting $1 on trading volume alone?

For Shiba Inu to hit $1 without any token burning it would need a market cap over $500 trillion.

That’s a market cap bigger than Apple ($2.4 trillion), Saudi Aramco ($2 trillion) and Microsoft ($1.8 trillion) combined. It’s also significantly bigger than the entire US GDP of $23 trillion.

So no, it’s unlikely Shiba Inu could hit $1 without burning tokens.

EverGrow on track for $1 in eight years – it’s only worth $0.00000009

With the help of falling Shiba Inu burns, EverGrow has become the leading hyper-deflationary token in crypto. 

EverGrow only has a price of $0.00000009 and a market cap of $50 million today. It’s only a year old. But at the current burn rate, EverGrow is on track to hit a price of $1 in eight years at the same market cap. 

How does EverGrow work?

EverGrow comes with a transaction tax – 14%. It’s a significant tax to pay when buying or selling EGC, but 8% of this finances BUSD stablecoin rewards ($38 million paid to date) and 2% of this finances automated buyback and burn (53.3% of total supply burned to date).  

While the tax is high, EverGrow incentivises long-term holding rather than rapid buying and selling. 

But the tax alone is just a small part of the complete EverGrow roadmap. A major milestone was reached on November 10th – and it’s this milestone that increased the daily average burn rate by 300% and slashed the wait to $1 by half.

EverGrow burn rate set to explode – get in quick! 

A 2% cut of the EverGrow tax goes towards ecosystem development. In September, the first EverGrow application dropped – LunaSky NFT marketplace – and the team announced 100% of revenue would be used to buy back and burn EverGrow. 

It’s a first in the crypto industry. 

And it’s made possible because EverGrow already has a built-in mechanism to raise funds for ongoing development. Therefore it can afford to reward EverGrow holders with 100% of application revenue.

Alongside sales of EverGrow NFTs, this marketplace raised over $250,000 in the first week of activity. The revenue was deployed for daily buyback and burn on November 10th and will continue for the next two months. Since the buyback and burn function registers as a green candle on price charts, it’s expected to create a price spike before the end of 2023.

But that’s not all.

Next on the roadmap is a social media app, Crator, which is the first to integrate fiat and crypto. Crater will compete with the likes of OnlyFans and Patreon, with less than a quarter of commissions on payouts. Just like with LunaSky all of the revenue from commissions will be used to buyback and burn EverGrow.

EverGrow is not just on track to make investors a healthy return, but EverGrow is revolutionising the DeFi industry.

Anyone buying in now at low prices will find a valuable asset to diversify their portfolio.

The Sandbox (Sand) Vs. Alex The Doge (Alex): Examining The Technology Behind The Projects

Both projects have generated excitement within the community, with their unique features and promising technology. In this article, we will delve into the presale of Alex The Doge (ALEX) and explore why investors are showing interest in this particular meme token, comparing it to The Sandbox.

Exploring The Sandbox (SAND) Blockchain

On the other hand, The Sandbox (SAND) is a well-established project that has gained recognition within the crypto space. The Sandbox operates on its own blockchain, providing a decentralized platform for creating, owning, and monetizing virtual assets and experiences. The project offers a metaverse where users can build, play, and trade their creations using SAND tokens.

The Sandbox (SAND) tokens play a vital role in The Sandbox ecosystem, serving as the primary currency for transactions within the platform. Users can purchase virtual land, known as LAND, using SAND tokens, which can then be used to create unique gaming experiences and monetize them. The blockchain technology behind The Sandbox (SAND) ensures secure ownership and trading of these virtual assets, providing a decentralized and transparent environment for users.

Sandbox (SAND) Price Action and the Potential for Future Growth

The price action of Sandbox (SAND) has attracted the attention of investors and traders, as it has experienced both ups and downs in recent times. While the price of SAND has seen significant volatility, there is potential for future growth and the possibility of losing another zero in its value.

In the past, the price of SAND has displayed bullish tendencies, with a strong bounce from its yearly lows. This recovery has been fueled by the overall bullish sentiment in the crypto industry. However, Sandbox (SAND) has faced resistance at the downward trendline, which has been respected for the past 12 months. The current consolidation phase suggests that Sandbox (SAND) may be gearing up for a retest of this trendline.

Investors and traders closely monitor the price action of Sandbox (SAND) to assess the potential for a breakout and a subsequent increase in value. Breaking out from the downward trendline could serve as a bullish reversal signal, potentially leading to a price target of $0.94 or higher. However, confirmation of a trend reversal would require the price to break the swing high hurdle at $0.6000.

While the price of SAND remains in a bearish grip, the possibility of a sharp recovery cannot be dismissed entirely. Investors and traders continue to analyze the market dynamics and closely monitor the price action to make informed decisions regarding their SAND holdings.

The Excitement of Sandbox (SAND) Investors Towards Alex The Doge (ALEX)

Within the crypto community, there is a growing interest among Sandbox (SAND) investors towards Alex The Doge (ALEX). The reasons behind this interest can be attributed to several factors:

Unique Features: Alex The Doge (ALEX) offers unique features that differentiate it from other meme tokens. With a focus on Play-To-Earn gaming and Social-Fi, Alex The Doge (ALEX) provides an innovative and engaging experience for users.

Potential for Growth: The presale of Alex The Doge (ALEX) has generated excitement, as investors recognize the potential for growth and success. The combination of gaming, social trading, and De-Fi protocols within the ALEX ecosystem positions it as an attractive investment opportunity.

Community Engagement: The active and supportive community surrounding Alex The Doge (ALEX) has contributed to the growing interest from Sandbox investors. The community’s involvement and enthusiasm create a sense of confidence and trust in the project’s potential.

As investors seek new opportunities and diversify their portfolios, the appeal of Alex The Doge (ALEX) as a promising meme token becomes evident. The technology and features offered by ALEX, combined with the community’s excitement, make it an appealing choice for Sandbox investors.

For more information about Alex The Doge (ALEX) presale use the links down below:

Sexism May Be Bad For Men’s Mental Health

Psychologists have found that sexism is bad for men, too. Take a second to recover from this shocking news: Views and beliefs that oppress more than half of the population can be harmful to the people who hold them. Recovered? Okay, let’s continue.

In the last three decades, social scientists and the broader public have examined the concept of toxic masculinity, focusing on traditionally male attributes that many have come to see as harmful not only to women, but also to men and the fabric of society. Scholars have not necessarily sought to demonize men or maleness, but to highlight the ways in which conforming to traditionally masculine qualities like dominance, self-reliance, and competitiveness could be harmful to men and the people around them. In a meta-analysis of 78 studies, comprising 19,453 participants, researchers at Indiana University Bloomington and Nanyang Technological University in Singapore found modest but negative associations between a number of masculine norms and mental health outcomes. These “masculine” social norms included the desire to win, the need for emotional control, risk-taking behavior, violence, dominance, sexual promiscuity, self-reliance, high importance placed on one’s job, power over women, disdain for homosexuality, and the pursuit of status.

The three norms that researchers found to have the most consistent negative effects on men’s mental health were self-reliance, pursuit of sexual promiscuity, and power over women. Y. Joel Wong of Indiana University Bloomington was not surprised by the results. “It’s not rocket science,” he tells Popular Science. “It’s something that’s been demonstrated over 20 years of research.”

So what accounts for the consistent effects of these three norms in particular? Wong says that self-reliance is outdated in a world that increasingly stresses interdependence and interconnectedness among people. “The norm of self-reliance is increasingly not helpful,” he says. “You have to often rely on others.”

The other two – the pursuit of sexual promiscuity and wielding power over women – are not just associated with masculinity, but closely tied to sexism, Wong says. No big shock there. He points out that what makes them particularly harmful now, though, is that societal attitudes have changed over time to make these qualities increasingly unacceptable. “Perhaps 30 years ago you could behave in a sexist manner, you could do and say things that’d be inappropriate and get away with it,” Wong tells Popular Science. “People would suffer in silence and not speak out. But that’s changed a lot.”

Researchers found that the masculine norms most consistently associated with negative mental health outcomes are self-reliance, pursuit of sexual promiscuity, and power over women. PixaBay

It would be remiss to approach this topic without recognizing the reality that, to many people, these qualities simply encompass what it means to be a man. Many believe that these traits are biologically ingrained, and critical for the evolutionary success of our species. It’s not hard to see the appeal of being self-reliant, for example – being strong enough to best life’s challenges without assistance. But putting too much stock in self-reliance could also make it hard for a man to reach out for help in times of crisis or difficulty, as this research suggests. This can have a negative effect on men’s mental health, especially if they think any other course of action would emasculate them. In such a scenario, suffering in silence may appear to be the only acceptable option.

Wong says attitudes like this capture what is so problematic about these masculine norms: People may assume that they’ll be looked down upon if they break out of this pattern of behavior, even if that’s not actually true. “There’s a gap between what men perceive other men believe or do and what men actually believe or do,” says Wong. There’s a perception that a man will be seen as less manly for not conforming to gender norms. “The irony is that a lot of men feel that way,” says Wong, so they’re afraid to break away from these norms and end up perpetuating them.

But it doesn’t have to be this way. In our increasingly connected world, in which people have access to so many ideas beyond what they might have been exposed to in the past, there are more opportunities than ever to expand one’s cultural consciousness. And indeed, this research is not the first or last word on the concept of toxic masculinity. Many others have written on it, and will no doubt continue to do so. And just because these harmful norms will probably continue to be passed on doesn’t mean that they’re unavoidable. Wong says being a man is not some sort of essential quality, and that ideas about what it means to be a man have changed throughout history. Masculine identity can even evolve for an individual over the course of his lifetime. “Just because you’ve always behaved in a particular way doesn’t mean you’ve got no choice,” Wong says.

How To Buy Dogecoin 2023

Dogecoin was one of the hottest cryptocurrencies of 2023 – not least because the digital asset was endorsed by Elon Musk throughout the year. 

If you’re wondering how to buy Dogecoin in a simple and cost-effective way – this guide is for you. We’ll walk you through the process step-by-step by a low-cost and regulated online broker.  

How to Buy Dogecoin – Quick Steps

Follow the simple 4-step process below to learn how to buy Dogecoin with

eToro

– which allows you to invest from just $10 per trade.    

Step 1

:

Open an eToro account

– You can open an account with eToro in under five minutes by providing the broker with some personal and contact information.     

Step 2: Deposit Money

– Next, make a deposit of $50 or more to activate your eToro account. The fastest way to do this is to use a debit card.    

Step 4: Buy Dogecoin

– You can now enter the amount of money that you wish to allocate to Dogecoin. Finally, hit ‘Open Trade’ to complete your Dogecoin purchase.    

At

eToro

, you can see that learning how to buy Dogecoin is super easy. Plus, you will only pay the spread when investing, so eToro offers one of the cheapest ways to buy Dogecoin online. 

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Where to Buy Dogecoin 

Dogecoin is now a major cryptocurrency in terms of market capitalization and mass awareness. As such, when thinking about where to buy Dogecoin online, you’ve got plenty of options on the table. 

We found that the best place to buy Dogecoin in the US is the brokers reviewed below.   

1. eToro – Best Place to Buy Dogecoin in the US 

Our in-depth research found that

eToro

is by far the best place to buy Dogecoin in the US. At this top-rated platform – which is used by over 20 million investors and traders, you can buy Dogecoin on a spread-only basis. This means that you can invest in this digital asset with super low fees. Plus, you only need to risk a total of $10 to buy Dogecoin. eToro also has the eToro wallet which allows you to store your dogecoin and other cryptocurrencies in your

crypto wallet

.

At eToro, you will be able to trade in a safe and secure environment. The platform is regulated not only with the SEC, but bodies in the UK, Cyprus, and Australia. In addition to Dogecoin, you’ve got plenty of other crypto assets to invest in at this broker. Examples include

buying Bitcoin

, Ethereum, Cardano, and more.  

To fund your

eToro

account and subsequently pay for your Dogecoin purchase, payment options include ACH, bank wires, and e-wallets like Paypal. However, the easiest way to deposit funds is via a debit/credit card. All payments in USD are free of any transaction charges. eToro offers Copy Trading tools and Smart Portfolios for those wishing to invest passively. 

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

2. Webull – Top-Rated Broker to Buy Dogecoin From $1 

You might already be aware that Dogecoin is a highly speculative asset. And as such, you might want to consider keeping your stakes to a minimum.

Webull

is a top-rated broker in this respect, as you only need to buy $1 worth of Dogecoin to enter the market. And, considering that Dogecoin is trading at around $0.20 as of writing – this will still get you five tokens.  

When it comes to fees, Webull operates a commission-free pricing structure across all of its supported assets. This includes stocks, ETFs, options, and of course – cryptocurrencies like Dogecoin. Once you have registered an account with

Webull

, you can deposit funds via ACH and bank wire. There is no minimum deposit to meet – which is also great for those on a budget.  

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

3. Binance – Buy Dogecoin in the US With a Debit Card  

Although

Binance

operates on a global level across more than 100 million client accounts, it wasn’t until recently that the popular exchange opened a US-specific subsidiary. Targeted exclusively at Americans, Binance US supports more than 50+ cryptocurrencies – including that of Dogecoin. The first step is to open a Binance account and upload some ID.      

Once your account is verified, you can then buy Dogecoin with a debit card. This will cost you a very competitive 0.5%. When using the

Binance

US exchange to trade digital currencies, commissions amount to just 0.1%. However, we should note that various regulators are currently investigating Binance for operating without a license – so do bear this in mind. 

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

How to Buy Dogecoin – Tutorial 

If you have considered the risks and wish to continue with an investment – this section will explain how to buy Dogecoin with USD in less than five minutes. 

For this walkthrough, we’ll show you the required steps with top-rated broker eToro.       

Step 1: Open an Account 

      

You will then need to fill out the registration form – providing details such as your name, residential address, and date of birth.   

Step 2: Upload ID 

eToro is regulated by the SEC and a member of FINRA. As such, you will need to upload a copy of your ID before proceeding with a deposit.     

Step 3: Deposit Money  

At

eToro

, you can deposit funds with a debit/credit card, ACH, bank wire, Paypal, and more. The minimum funding amount is $50.     

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Step 4: Search for Dogecoin 

To buy Dogecoin right now, enter ‘DOGE’ into the eToro search bar.     

Step 5: Buy Dogecoin 

And finally, enter the amount of money you want to invest. 

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Ways of Buying Dogecoin

In terms of payment methods, there are many different ways to

buy cryptocurrency

and buying Dogecoin in the US. Have a think about which option is best for you by reviewing the sections below. 

How to Buy Dogecoin With PayPal

In the space of five minutes, you could buy Dogecoin with Paypal at

eToro

. After registering an account, you can select Paypal from the list of deposit options, alongside your desired amount. This needs to be at least $50 at eToro. 

The process is fully-encrypted, so you can deposit funds with Paypal safely before proceeding to buy Dogecoin. Best of all, assuming your Paypal account is denominated in US dollars, eToro won’t charge you any deposit fees. 

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

Buy Dogecoin With Credit Card

If you want to buy Dogecoin with a credit card,

eToro

is also a great option here. The overarching reason for this is that most cryptocurrency exchanges charge at least 3% to use Visa or MasterCard. 

Some exchanges that we came across charge as much as 10%. However, when you buy Dogecoin with a credit card at eToro, USD deposits will not attract a fee. Take note, you should tread with caution when buying cryptocurrencies on credit. 

Buy Dogecoin With Debit Card

It might make more sense to buy Dogecoin with a debit card. After all, you won’t be borrowing the funds from a credit card company. The actual payment process is much the same as buying goods online – insofar as you simply need to enter your debit card details. 

Once confirmed, the payment will be processed instantly. Once again, eToro charges nothing on deposits made in USD.

How to Buy Dogecoin With Skrill, Neteller, or WebMoney 

A small number of people will also look to buy Dogecoin with Skrill, Neteller, or WebMoney. All of these e-wallets are supported on the

eToro

platform. 

The only requirement you need to meet is that the minimum deposit is $50 for first-time customers. 

Why Buy Dogecoin?

Make no mistake about it – while all cryptocurrencies are risky, Dogecoin is potentially the most speculative out there. After all, the value of the digital currency was virtually worthless until Elon Musk started tweeting about Dogecoin in early 2023. 

And as such, we would suggest researching the following key factors before you buy Dogecoin in the US. 

2024 Returns  

In the first week of 2023,

Dogecoin

was trading at just $0.005 per token. By July of the same year, Dogecoin hit all-time highs of $0.73. This means that it took just seven months for Dogecoin investors to see financial returns of over 14,000%. 

In other words, had you invested a mere $100 into this digital asset at the start of 2023, by July, your money would have been worth more than $14,000. With this in mind, such significant gains in such a short period of time is why Dogecoin has attracted so many new investors. 

Buy the Market Dip  

Since Dogecoin hit record highs in July 2023 of $0.73 per token, the digital asset has been on a downward trend. In fact, as of writing in early 2023, you can now buy a Dogecoin token for just $0.17. 

Although at first glance this might concern you, oftentimes it is best to invest in an asset when it is going through a market dip. In other words, by purchasing Dogecoin at $0.17 as opposed to $0.73 – you are getting yourself a discount of over 76%. 

Recognition From Major Brokers  

It is interesting that some of the largest brokers in the US – including the likes of

eToro

, Webull, Robinhood, have since added Dogecoin to their list of supported markets. This in itself is a testament to just how much demand there is for Dogecoin in the US. 

Moreover, from your perspective as a potential investor, it is good to know that you can buy Dogecoin in the US through a regulated and trusted platform – rather than an unlicensed exchange. 

How Much Dogecoin Should I Buy?

The simple answer here is never to invest more than you can afford to lose. That is to say when learning how to buy Dogecoin in the US, consider that you are buying an asset that is speculative, volatile, and extremely risky. When buying meme coins, one should consider the volatility. So if you’re looking into other coins, or looking for

how to buy Baby Doge Coin

you need to be aware of that.

As we mentioned just a moment ago, Dogecoin has since gone from a price of $0.73 to just $0.17 as of writing, which translates into a loss of 76%

Dogecoin Price

Cryptocurrencies

like Dogecoin are traded on a global scale – so they are priced in US dollars. The price of the token is dependent on demand and supply. 

In other words, when there are more buyers than sellers in the Dogecoin market, naturally, the value of the token will rise. 

You can keep tabs on the price of Dogecoin via CoinMarketCap or through the portfolio section of your chosen broker. 

Dogecoin Price Prediction  

It goes without saying that Dogecoin price predictions are a waste of time. 

As we have noted several times, its extraordinary rise in 2023 was largely down to Elon Musk showing a great interest in the digital currency. 

As such, any Dogecoin price predictions that you read are going to be pretty much worthless. 

Conclusion

You should tread with caution when buying volatile and speculative assets like Dogecoin. 

With that said, if you are ready to buy Dogecoin right now –

eToro

requires a minimum investment of just $10 – which is great for risk-management purposes. 

You can deposit US dollars for free at eToro and even buy Dogecoin on a spread-only basis.   

FAQs Where can I buy Dogecoin?

You can buy Dogecoin from eToro with a debit card in less than five minutes. 

How do I buy Dogecoin?

After opening a crypto broker account and making a deposit – you can proceed to buy Dogecoin. 

What can you buy with Dogecoin?

Dogecoin is bought and sold on a speculative basis – with the aim of making money. 

How to buy Dogecoin stock? 

You cannot buy stocks in Dogecoin, as the asset is a cryptocurrency. 

What is the safest way to buy Dogecoin?

The best way to buy Dogecoin is by using an SEC-regulated broker like

eToro

Will Dogecoin ever hit a dollar?

Dogecoin could one day hit a dollar, but there is no knowing what the future truly holds for this speculative asset. 

Is this the right time to buy Dogecoin?

Dogecoin can go up as well as down in a parabolic manner in the space of a few days. As such, knowing when to buy Dogecoin is challenging.   

Is it good to buy Dogecoin now?

You should only buy Dogecoin if you have considered the risk of financial loss. 

Is Dogecoin buy or sell?

Dogecoin is super volatile, so there is no way of knowing whether this crypto asset will even regain its former all-time high of $0.73. 

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