Dogecoin has been red-hot as of late. The cryptocurrency is up over 350% in the last month, and it now has a market cap of $431 million. That puts it above many other well-known coins like Vertcoin and BlackCoin. Dogecoin may seem like a silly joke, but the truth is that it could go even higher from here. As we have seen with Bitcoin, Ethereum, and countless others, the market adoption of a digital currency can lead to exponential price growth. So should you sell your Dogecoin now or hold on to them?
Should I Sell My Dogecoin Now?
The Dogecoin price is currently trading in the red zone, at an average of $0.0068 per coin. This is a two-week low, which signals that the market is not bullish enough to sustain the price in the long run. However, it can be argued that a dip like this one may well be a perfect opportunity to buy cheap Dogecoins cheaply. As we have seen in recent weeks, dips are opportunities to hunt for great deals. Remember that this is also a time when Dogecoin holders will go fishing for bargains, and they may well be willing to sell their coins at these prices.
What’s Causing Dogecoin’s Price To Grow?
- Dogecoin is a great project for investors.
- The Dogecoin price is constantly growing, and it’s increasing at an exponential rate.
- The Dogecoin price is always on the rise, and it keeps going up at the same rate because of its high value.
- There are many people who want to invest in Dogecoins now because they know that the price will keep increasing in the future.
- It’s a great time to buy dogecoins right now because they are cheap!
- The developers of this coin have done a great job in making it popular among people all over the world, so you will see more and more people investing in this project as time goes by!
- The Dogecoin price will continue to increase as more people invest in this coin and start using it.
- The Dogecoin price will increase not because of speculators trying to make a quick buck, but because of the hard work of people who want to see a bright future for Dogecoins!
- People are starting to see the potential in Dogecoins, and they are looking for a way to get their hands on them.
- The developers keep working hard on making this coin better and better so that it can be used by more people all over the world!
- It’s possible that new investors could come in and buy a lot of these coins at these prices, which would then drive up the price even more!
- There is no doubt that Dogecoin is going places! If you don’t believe me, check out how many people are talking about it on social media every day!
How To Buy And Sell Dogecoin?
1. Buy Dogecoin From Coinbase.com
Coinbase is a very popular online service that allows you to buy and sell cryptocurrencies. If you wish to buy Dogecoin, then you can simply sign up for Coinbase using your email address and a valid credit card. Then, when you are ready to buy Dogecoin, simply select the appropriate currency and click on “Buy”. You will then be asked to enter the amount of Dogecoins that you wish to purchase. After completing this step, click on “Buy” again. At this point, Coinbase will send your payment through the same payment gateway that was used when you signed up for their service. Finally, once your payment has been received by Coinbase, your account will be credited with a certain number of dollars worth of Bitcoin or Ethereum (depending on which cryptocurrency you chose).
2. Buy Dogecoin From Localbitcoins
If buying from an exchange like Coinbase is not an option for some reason, then you can also buy Dogecoins from other users on Localbitcoins.com. Here, you will be able to find a seller who is willing to sell Dogecoin in exchange for dollars or bitcoins. In order to do so, simply go to the “Trade” section of the Localbitcoins website and look for a seller who has listed their price in dollars or bitcoins. Once you have found a suitable trader, click on “Send Trade Request” and fill out all the necessary information. After this, you will receive an offer from your chosen trader and you will have to agree on a price before proceeding with the transaction.
3. Buy Dogecoin From Coinmama
If Coinbase is not an option for you because of a lack of resources or because it is not available in your country (for example), then Coinmama may be another alternative that you can consider. Here, you can simply sign up using your email address handling to sell Dogecoin. Then, send the seller a message with your offer. Once the seller accepts your offer, you will be able to complete the transaction.
4. Buy Dogecoin From Bittrex
Bittrex is another popular platform that allows you to buy cryptocurrencies for dollars or bitcoins. If you wish to buy Dogecoin, then simply sign up using your email address and a valid credit card and then click on “Buy/Sell” in the menu bar. From here, click on “Bitcoin” and choose “BTC-DOGE” in the drop-down menu that appears afterward. Then, enter the number of dollars that you want to spend on Dogecoins and click on “Buy”. You will then be asked to enter your password so that Bittrex can send your payment through its payment gateway (which is normally provided by Coinbase). Finally, once Bittrex has received your paymentiling to sell Dogecoins for dollars. After finding a seller, make a payment using the currency of your choice (USD or BTC).
5. Buy Dogecoin From Changelly
If Coinbase is not available in your country, then you can also buy Dogecoins from Changelly. This is another popular exchange that allows users from all around the world to buy cryptocurrency with fiat currency (dollars or euros) in exchange for bitcoins or altcoins such as Ethereum and Litecoin. The process of buying Dogecoins through Changelly is very similar to buying them from other exchanges such as Binance and Kraken – simply choose what cryptocurrency you would like to buy and click on “Buy”.
Should You Hold Or Sell Your Dogecoin?
- The number of users keeps increasing every single day, and this is why Dogecoin is getting more and more popular.
- Dogecoin has already been accepted by many websites and it will be a matter of time before more and more businesses accept Dogecoin as a payment option.
- At some point, the price of Dogecoin should rise once again, because the number of people who want to buy it will increase as well.
- If you are looking for a short-term investment, then you might want to hold your coins for the moment until we know what will happen next in this market.
- You can’t really say anything about the future of Dogecoin’s price at this point in time, because we don’t know whether the market will go up again or not in the long run.
- If you want to make profits from buying Dogecoins cheaply now, then I would recommend that you hold your coins for the time being.
- The price of Dogecoin is expected to rise as soon as more people start using it, and you will be able to sell your coins at a much higher price in the future.
- Dogecoin has already been accepted by many websites and it will be a matter of time before more and more businesses accept Dogecoin as a payment option.
- The number of users keeps increasing every single day, and this is why Dogecoin is getting more and more popular.
- As we have seen in recent weeks, dips are opportunities to hunt for great deals. Remember that this is also a time when Dogecoin holders will go fishing for bargains, and they may well be willing to sell their coins at these prices.
Final Words
We recommend that you hold on to your Dogecoin for now. The price could rise even more before you decide to sell. So just hold on to them for now and see what happens. If you sell now, you might miss out on even higher prices in the future. The safest option is to just hold onto your coins until you need the money or decide that you no longer want to hold on to them.
