Dogecoin Weakens Bitcoin Dependency spil US Dollar Exchange Opens

Posted onCategoriesUncategorized

Dogecoin is now available to buy directly using US dollars, spil it seeks to stir away from dependency on bitcoin.

Dogecoin is the crypto-currency which has slok to prominence since it wasgoed introduced just seven weeks ago – originally because of its use of the hugely popular Doge meme and then for the charitable nature of its community which helped raise $30,000 to send the Jamaican bobsled team to the Winter Olympics te Sochi.

Now the crypto-currency which wasgoed primarily brushed off spil a joke is taking the next step to becoming a mainstay of the burgeoning virtual currency world.

From today users can buy or sell dogecoin for US or Canadian dollars, no longer having to very first convert their money to bitcoin and then convert those to dogecoin.

The Vault of Satoshi exchange, based ter Canada, is the very first to facilitate this stir and volgers of dogecoin hope it will help stabilise the crypto-currency and separate it from the rise and fall of bitcoin, to which it has bot inextricably linked until now.

Announcing the news, Reddit user GoodShibe, wrote: “It permits us to start the process of detaching ourselves, at least partially, from bitcoin. This is both good and bad ter that when bitcoin rises, historically, wij’ve gone with them — and when they fall, so too do wij.”

A big part of dogecoin’s rapid growth has come from bitcoin owners who are looking to diversify their portfolios and get ter early on what could potentially be the next major break-out crypto-currency.

Because of the uncertainty around the future of crypto-currencies spil a toneel, they are all still linked ter some way. Decisions taken by governments, banks and even the courts will affect all ter much the same way, but by permitting people to purchase dogecoin directly – without having to go through another altcoin very first – creates a more stable and credible option for those looking to invest te a crypto-currency.

The budge seems to have had an instant influence on the price of dogecoin, with its market value rising more than 7% ter the last 24 hours while the surplus of the top Ten crypto-currencies have all fallen te value overheen the same period.

One dogecoin is presently worth just overheen £0.001 meaning you can buy Ten,000 dogecoins for around £10. You can of course still mine dogecoins, spil well spil purchasing them on numerous crypto-currency exchanges using other altcoins such spil bitcoin, litecoin or peercoin.

Related movie: Dogecoin Mining Application – Zcash Wiki

Leave a Reply

Your email address will not be published. Required fields are marked *