Is dogecoin worth investing in

Ariel Courage is an experienced editor, researcher, and former fact-checker. She has performed editing and fact-checking work for several leading finance publications, including The Motley Fool and Passport to Wall Street. How does investing in dogecoin work It’s hard to visualize the past price movements of Dogecoin since it has appreciated so much in the recent months. Below is a graph of Dogecoin’s price from 2016 through 2020. As you can see, there were several instances where Dogecoin skyrocketed well over 100% in value, yet the cryptocurrency never broke through 2 cents.

Glauber’s Dogecoin is now worth $323K. And he still hasn’t sold any. He believes in his dog god and no one can tell him otherwise. Gotta love the conviction. Recently, the dogecoin millionaire said in an interview… Dogecoin Blockchain and Block schedule Dogecoin is based on blockchain technology which functions similarly to most cryptocurrencies. It uses a secure and distributed digital ledger to store and record all the transactions made on the network. The network utilizes cryptography to keep all transactions secure. Dogecoin employs the 'proof-of-work' mining concept, in which miners use supercomputers to process and record all transactions made on the network. The process involves solving complex mathematical problems to execute transactions. Miners are paid by Dogecoins, which they can either keep in their crypto wallets or sell on the cryptocurrency exchanges.