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Are you interested in climbing aboard the Dogecoin bandwagon? You can buy, sell, and trade the peer-to-peer decentralized virtual currency today with Bitbuy! Dogecoin officially went live in December 2013, and became an instant hit with the community. After two weeks, the r/Dogecoin Reddit channel had over 19,000 users and the price of DOGE, the ticker symbol for the project’s official token, skyrocketed 300%, even though at the time China announced a ban on payment companies from dealing with bitcoin. Dogecoin is cheap primarily because it was designed to be plentiful in volume. Whereas Bitcoin was designed to be scarce and resist inflation, Dogecoin is intentionally abundant, and there is no maximum supply. Bitcoin’s software limits the number of Bitcoins in circulation to 21 million, but over 130 billion Dogecoins exist, and 10,000 Dogecoins are issued every minute.
Crypto enthusiasts, on the other hand, have not given up hope. In fact, according to a recent survey by Bank of America, 90% of the participants still believe crypto to be a good investment option in 2022. Investors are now debating which digital coin will generate the highest potential return. Even if it may be difficult to predict the next crypto to invest in, several candidates have established themselves in the industry despite the current turbulence. Uniswap is a pioneer of automated market maker (AMM) technology. This enables users to trade crypto tokens without needing to be matched with a seller. Instead, crypto tokens are deposited into a liquidity pool, with pricing based on demand, volume, and other factors. ApeCoin is an ERC-20 cryptocurrency that combines governance and usefulness. When it was originally introduced in early 2022, the price of this top crypto was roughly $6.40. APE tokens were selling at around $42 per token within hours. However, depending on market conditions, the coin becomes bearish or bullish.