New Vision, New Concept
Dogecoin is a cryptocurrency that is becoming ever-popular amongst traders - particularly those with a sense of humor. In India, dogecoin is becoming a crypto that is much sought after, and with its low crypto coin value provides users with even minimal levels of capital available a low barrier to entry.
The dogecoin price in INR has gone down recently, owing to events in the crypto space that have made markets suffer. As a result, trading cryptocurrencies like Doge has become easier for India based crypto enthusiasts. To buy dogecoin India traders now need less Rupees than they have done for a long time.
Predictions of Dogecoin Price?
Dogecoin price predictions are somewhat on hold at the moment, owing to the month that the industry has had recently. The collapse of a popular stablecoin and its related sister token had an impact that reverberated through the market, and as a result a lot of downward pressure has pushed the price of many cryptos down. As a result, the Dogecoin USD price fell significantly, and the Dogecoin price in India fell as a result.
That said, Dogecoin is predicted to continue being a solid choice for traders, and if there is an intention to buy dogecoin India based traders will be investing in a popular cryptocurrency.
Elon Musk on Doge coin?
One of the contributing factors to Dogecoin being as famous as it is, is undoubtedly because of the high-profile backing it receives from entrepreneur, Tesla owner and multi-billionaire Elon Musk. Musk has used his platform not only to tweet about his crypto portfolio - which of course includes Doge - but about cryptocurrency in general. Musk tends to have a direct influence on the Dogecoin price too, as whenever he tweets something positive about the crypto, the dogecoin price tends to go up! Making dogecoin more expensive is not always a good thing for the crypto coin, however based on its low valuation it most likely won’t put Indian crypto enthusiasts off trading cryptocurrencies like Doge.
Conversion values of Dogecoin
Below are some popular dogecoin price conversions:
- DOGE to USD - the current dogecoin usd conversion is $0.086, which is 35% down on the previous month
- DOGE to INR - the dogecoin price in INR is currently 6.67. At the beginning of May it was as high as 10, so to now buy dogecoin india traders would be getting it at a much cheaper price than its historical levels
- DOGE to IDR - the doge to idr conversion is currently 1,250. Dogecoin was valued at 9,000 idr at its peak price
- DOGE to AED - 1 dogecoin would set you back 0.32 AED as per live market prices. The dogecoin price is much cheaper than some of the more popular tokens
Top 5 crypto exchanges in India?
There are plenty of places that India based crypto enthusiasts can go for trading cryptocurrencies. Below is a list of some of the most popular crypto apps:
Established in 2013, ZB.com is a veteran of the cryptocurrency industry. With ZB, you can exchange your INR for all the major crypto coins and stay up to date with the latest Cryptocurrency coins news via its official social media channels
Binance is one of - if not the - biggest name in the crypto space. If you are looking for a cryptocurrency exchange with a huge following, this is most likely to be your first choice
Traditionally an Indian exchange, WazirX has had to pivot recently with the introduction of the Indian crypto tax. WazirX are now heading to Dubai to open up offices in the crypto friendly global city
Founded in 2018, CoinDCX has been used by over 10 million Indian based traders. CoinDCX allows traders to get started with their trading by depositing just 100 INR
Zebpay are another experienced crypto exchange, having launched its first Bitcoin wallet in 2014. India is the home of Zebpay, however they also have offices in Australia and Singapore.
Can Dogecoin be mined?
- Yes, Dogecoin can be mined as it is what’s called a ‘proof of work’ cryptocurrency.
- This means that powerful computer hardware must solve cryptographic equations before the creation of a new Dogecoin can take place.
The meme cryptocurrency?
- There are many meme cryptocurrency examples, such as Dogecoin of course.
- Typically, memecoins have a humorous element to them, or derive from an internet trend.
- Shiba Inu is another meme cryptocurrency.
Crypto coins competing with Doge.
- Shiba Inu
- Dogs of Elon
How many dogecoins are there?
Over 132 billion dogecoins are currently in circulation. Find the details on https://www.zb.com/en/
Dogecoin future prediction?
At the moment, current predictions on Dogecoin’s price in the future are very reserved. This is because of the recent market crash as a result of the collapse of Terra. However, Dogecoin has always been looked upon favorably and is tipped to have a positive future.
What is dogecoin?
Dogecoin is a meme-inspired cryptocurrency. It is the most popular meme coin as per coinmarketcap, being ranked 10th in cryptocurrencies overall.
Why is dogecoin going down?
Dogecoin has been going down recently because the whole of the crypto market has been affected by Terra’s collapse. Dogecoin is not alone in this however, as the industry has taken a hit overall. As the markets start to bounce back, so will Dogecoin.
Best crypto exchange in India 2022?
Established in 2013, ZB.com is a veteran of the cryptocurrency industry. With ZB, you can exchange your INR for all the major crypto coins and stay up to date with the latest coins news via its official social media channels