Watch out for cryptocurrencies! Dogecoin enters the TOP 10 digital currencies

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Have you heard of Dogecoin

The recent times have been marked by good news regarding digital currencies. Bitcoin, the digital currency, has escalated when it comes to appreciation, and the biggest cryptocurrency buying platform, Coinbase, has joined Nasdaq.

However, in general, cryptocurrencies are experiencing a fall in appreciation. Only the Dogecoin digital currency is appreciating.
Following Banco de Portugal’s warnings about the risks associated with virtual assets, such as Bitcoin, it is important to know that these types of digital assets are normally subject to “enormous volatility” and “are not guaranteed” by any national authority or European.

Today, whoever accesses the Coinbase platform, will realize that the vast majority of digital currencies are devaluing. The Coinbase platform belongs to an American company, based in California, and was founded in 2011. It has a good record in terms of the security and integrity of its services, despite the occurrence of some occurrences in the past month of December, especially in the days where bitcoin has reached record values.

Regarding digital currencies, in the case of Bitcoin, and other currencies, analysts point the blame to the Turkish Government for having banned payments in digital currencies.

Dogecoin price

Dogecoin enters the TOP 10 of digital currencies

Created on the basis of a great joke, the cryptocurrency Dogecoin is already gaining space in the segment of cryptocurrencies. This coin, which is named after an internet meme called “Doge”, has grown by over 400% in the past few days. DogeCoin started to gain popularity in 2013 and was created as a faster and “fun” alternative to BitCoin.

Recall that this cryptocurrency was praised by Elon Musk, having published a montage on Twitter with a scene of the Lion King and the symbol of Dogecoin. At that time the cryptocurrency grew 50%.

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