My mind went back to 2013, when I had first taken an interest in Bitcoin. In a report for Radio 4’s PM programme, I had bought a pizza for 0.5 BTC, a tortuous process which had not seemed worth the £30 it cost back then – of course, at today’s exchange rate, that was a £14,000 pizza. Each bitcoin is made up of 100 million satoshis (the smallest units of bitcoin), making individual bitcoin divisible up to eight decimal places. That means anyone can purchase a fraction of a bitcoin with as little as one U.S. dollar. So crypto currencies is a new type of financial asset that’s powered by blockchain technologies. And it’s a way to store and move value on a decentralized network. The cryptocurrency, which had been stagnant around the $29,000 mark for weeks, saw slow declines during the course of the day before falling $2,300 in one rapid move. It’s now back up to $26,300.
Dogecoin is currently bullish (82%), which suggests that now is a bad time to sell DOGE for USD. This trend is determined by the technical indicators on our Dogecoin price prediction page. To determine whether a coin is bearish or bullish, we use technical indicators such as the Relative Strength Index (RSI) and important simple and exponential moving averages. Looking for how to buy some ? Process has never been easier! You can easily purchase tokens on MEXC by just following our simple guides via this link. The coin is currently used in many spheres of activity. Its main purpose is to conduct various charities and support sports teams from various poor countries. Also, the digital currency can be used to transfer funds between users, Dogecoin exchange for other cryptocurrencies (or for withdrawals to fiat money), purchase goods on the Internet, pay for services, etc.