Dogecoin Is Live on eToro – Much Wow

You barked, and we heard you. Dogecoin (DOGE) is now available for buying and selling on the eToro marketplace.

Much wow, indeed.

That’s right, everyone’s favorite “meme coin” is live on eToro. All kidding aside, DOGE is not an asset to be taken lightly. Having already increased in value by over 5,000% in 2021, DOGE now has the seventh-largest cryptocurrency market cap, behind some real heavy hitters.

So, for those unenlightened on the almighty Shiba Inu of crypto…

What is Dogecoin

Launched in 2013, as a fork of the Litecoin blockchain, Dogecoin is the brainchild of software engineers Billy Markus and Jackson Palmer. It’s best described as an “open-source, peer-to-peer cryptoasset.” While its name and logo were inspired by a meme of a dog surrounded by unintelligible Comic Sans text, DOGE wasn’t necessarily created as a goof. Like many of their peers, its developers had the same dream of a democratized digital payment system, free of bank fees and other intermediaries.

What DOGE cultivated – and where many other altcoins faltered – was a strong following. Specifically, users on social media sites (e.g., Reddit, Twitter) have adopted DOGE as a gratuity crypto, meaning they use it to tip others in certain communities for different services or online content.

While DOGE has seen some notable rallies (soon after launching in December 2013 and during the crypto boom of 2017-2018), it has experienced its greatest growth this year, with luminaries like Elon Musk, Snoop Dogg and Mark Cuban all touting its prospects. In fact, this past March, Cuban announced his Dallas Mavericks would start accepting DOGE in exchange for tickets and merchandise – resulting in over 20,000 transactions to date.

Where can I get me some DOGE?

DOGE is now available to eToro users here. You may also start to notice it featured in some of our Popular Investor portfolios in the coming months.

About eToro

eToro is a multi-asset investment platform that empowers people to grow their knowledge and wealth as part of a global community of successful investors. eToro was founded in 2007 with the vision of opening up the global markets so that everyone can trade and invest in a simple and transparent way. Today, eToro is a global community of more than 20 million registered users who share their investment strategies – and anyone can follow the approaches of those who have been the most successful. Due to the simplicity of the platform users can easily buy, hold and sell assets, monitor their portfolio in real-time and transact whenever they want.

Disclaimer

eToro is regulated in Europe by the Cyprus Securities and Exchange Commission, by the Financial Conduct Authority in the UK and by the Australian Securities and Investments Commission in Australia.

eToro USA LLC – investments are subject to market risk, including the possible loss of principal.

eToro AUS Capital Pty Ltd, AFSL 491139. eToro AUS Capital Pty Ltd offers CFDs over cryptoassets. Trading CFDs does not result in ownership of the underlying assets. CFDs are leveraged and risky financial products and may not be suitable for all investors. You may lose substantially more than your initial investment. This information is general advice only.  It has been prepared without taking into account your objectives, financial situations or needs, and you should, before acting on the advice, consider the appropriateness of the advice, having regard to your objectives, financial situation and needs. You should consider our PDS before making any decision about whether to trade CFDs.

This communication is for information and education purposes only and should not be taken as investment advice, a personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without taking into account any particular recipient’s investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past or future performance of a financial instrument, index or a packaged investment product are not, and should not be taken as, a reliable indicator of future results. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication.

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