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Is Dogecoin all set to find its space in the cryptoverse?
Dogecoin is embarking on a bull run of its own. In the last 24 hours it saw a handsome 40% price surge. Its 24 hour chart shows plenty of green.
Though it may have cooled off a bit, it looks like something is brewing in the famous memecoin that looks all set to take the crypto rocket to the moon.
Dogecoin outperforms CoinDesk 20 Index (CD20)
In the last 24 hour window the CoinDesk 20 Index (CD20) index has seen a growth of 6.10 Percent which though looks healthy for a index that represents a collective mood of the market however these green ticks look pale as compared to the massive surge in the price percentage of $DOGE COIN
What makes up the CoinDesk 20 Index (CD20)?
It is a collective index with 20 crypto heavy weights that have the following representation.
Bitcoin: 34%
Ethereum: 23%
Solana: 9%
XRP: 6%
Cardano: 5%
Avalanche: 3%
Dogecoin: 3%
Chainlink: 2%
Polkadot: 2%
Polygon: 2%
Uniswap: 2%
SHIBA INU: 1%
Internet Computer: 1%
Bitcoin Cash: 1%
Litecoin: 1%
Cosmos: 1%
Ethereum Classic: 1%
Filecoin: 1%
Stellar: 1%
Aptos: 1%
In the light of these weightages Dogecoins performance has been commandable.
However these types of pumps are nothing new to Dogecoin. There have been plenty of positive news flows over time that have been welcomed by the community as well as investors.
Some of the past positive news flows have been.
Buy a Ferrari with dogecoins
Frankly I have not researched this as to if anyone has exchanged their dogecoin bags for a Ferrari however when the news came out there was plenty of excitement and frenzy.
My Elon Musk fancies Dogecoin
Every time Mr. Elon Musk tweets about Dogecoin or even posts a dog pic the doge coin lives up to the meme coin reputation and begins to rally.
Besides this there is a lot of speculation that Mr. Elon Musk is planning to turn X.com (twitter) into an everything app that would be a single app from which users would be able to do everything from shopping to hailing a cab and everything else under the Sun.
When it comes to handling payments in the app Dogecoin could emerge as a crypto of choice for including payments.
The super supportive and hyped community
The community backs the coin and keeps launching campaigns to promote the coin and cause hype about this memecoin.
Are things any different this time?
Dogecoins like other alts eventually catches up with a Bitcoin rally and this time round Dogecoin could be doing some serious catching up with style and this nice pump could be different.
Where can one trade and get Dogecoin?
Ease of doing a trade would be a top priority for a lot of people and from that point of view one very very useful and easy way to get hold of Dogecoins would be via a trade on the hive blockchain.
If you are new to hive then one can create a free account Inleo using the link
Once you have an account you can deposit your external crypto using the deposit button here
There is a 0.75% fee on deposits. Ethereum, ERC-20, BNB, BEP-20, Polygon (MATIC) and Polygon ERC-20 deposits have no deposit fees, but you'll pay the Ethereum / BSC / Polygon network gas fee.
Once you have an account you can use the hive keychain to do a swap and obtain dogecoins via a token swap
source: hive keychain
Here you would get swap.doge tokens. These are equivalent to doge coins. When you withdraw these swap.doge to an external wallet you would get dogecoins.
That is not all inleo is the emerging gateway of choice for creating a web3 account on hive.
Using the inleo frontend one can create
-long form blog style content as well as
- microblogging content and
Post it on to the hive blockchain. Based on the quality of content one can earn crypto as well.
Besides this inleo also rewards its content creators based on the number of views a posts receives.
This way a post made via inleo can potentially earn you lifelong passive income.
If you are reading this post from outside the hive blockchain make sure to create a free account here.
Once you have an account start creating and posting content using inleo.io
Your post payout happens every 7 days. You can use this earning and convert it to dogecoins and ride the bull season.
Both creating an account on Inleo and trading do not require any KYC.