the other hand, costs just a few cents per piece
and has the potential to transpose Bitcoin in
the years ahead. Its current market position
makes it a more palatable option for those
new to crypto-exchange; rather than buying
a small percentile of a currency, you can add
hundreds or thousands of coins to your wallet.
Right now, Bitcoin has just 21 million coins
available, whereas Dogecoin has 128 billion
coins in circulation; it could overtake Bitcoin
and become the number-one cryptocurrency
if adopted by consumers in the coming years.
Earlier in the year, Dogecoin reached the
incredible milestone of $0.01 per coin but some
analysts say it could reach $1 before the end
of the year.
As Marques Brownlee points out in his recent
Dogecoin: Explained YouTube analysis
video, the growth in Dogecoin is truly only just
beginning. In the months and years ahead as
consumers increasingly gravitate towards new
forms of currency - and major brands accept
digital currencies to boost sales and appease
demand - we’ll likely see Dogecoin front and
center. If you’re ready to make an investment,
head to your favorite exchange platform and
search for the coin. It’s possible to purchase the
cryptocurrency using a debit or credit card, and
you can store the currency inside of an iOS app
(like ZenGo), a macOS app (such as Electrum),
or a physical hardware wallet such as the Ledger
Nano X, which can be connected to external
devices. The benefit of using a hardware wallet
is that your cryptocurrency can be stored offline
in “cold storage” for months or years, making
it impossible for bad actors to access your
holdings or steal your stock.