DOG/USD


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DogeCoin CFD Trading

DogeCoin CFD History

The DogeCoin was created in 2013 by Jackson Palmer, a product manager at the office of Adobe Inc in Sydney, Australia. It was created to satirise the hype surrounding digital currencies, but after gaining much feedback on social media, Jackson Plamer bought the domain dogecoin.com. After a while, Billy Markus, a software developer, discovered Dogecoin and wanted to build the software behind an actual Dogecoin based its code on Litecoin. The DogeCoin uses Litecoin’s scrypt technology and is a Proof-of-Work coin.

Is DogeCoin Good for Trading?

As Billy Markus created DogeCoin for a joke and sold his entire position in 2015, in 2021, the digital coin surpassed a $75B (USD) market capitalisation. Since then, Dogecoin has fallen significantly, but while it is down over 50%, DogeCoin cryptocurrency still has a multi-billion dollar market cap.

DogeCoin CFD News

In 2021, SpaceX founder Elon Musk ran a poll on social media asking if Tesla should accept Dogecoin as a form of payment. Later in October, AMC Entertainment Holdings Inc. announced that it would accept DogeCoin for digital gift card purchases. In the same period, DogecCoin ranked 10th with a $31.9B (USD) market capitalisation, higher than a year prior of a $339M market cap.

DogeCoin CFD Forex Chart
Instrument: DogeCoin CFD
Spread: 3.2
Leverage: 2.1
Margin: 0.5
Minimum Nominal Trade Size: 1000
Overnight Interest (daily) Sell: -.20%
Overnight Interest (daily) Buy: -20%
Trading Hours (GMT): 24/5
MT5 / MT4 Symbol: DOGUSD

Australia 200 Trading FAQs

DogeCoin, like Bitcoin, uses blockchain technology which is considered extremely difficult to hack. As DogeCoin is among cryptocurrencies with the largest market capitalisation and the widest adoption rate is relatively secure.

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