Dogecoin, often abbreviated as DOGE, is a community-driven cryptocurrency. It is often referred to as a “meme coin”, due to its online notoriety. Despite its humorous origin, Dogecoin has grown into a popular digital asset with a vibrant community and unique real-world applications.
In 2021, Dogecoin became one of the ten largest cryptocurrencies by market cap. This was largely driven by retail investors on Reddit collaborating to drive the price up, creating somewhat of a media frenzy that even received attention from Elon Musk.
Dogecoin operates on its own blockchain, which, despite following a similar Proof of Work consensum mechanism to Bitcoin’s blockchain, is actually less energy-intensive. There are many more features that help to set Dogecoin apart from other cryptocurrencies:
Create an eToro account:
Sign up for an eToro account and verify your identity.Deposit funds:
Deposit funds into your eToro account using your preferred payment method.Search and purchase:
Search the Dogecoin (DOGE) page and place an order to buy Dogecoin.