New Delhi: What started as a meme became a cryptocurrency which then got backed by one of the richest men in the world, Tesla CEO Elon Musk. Dogecoin had a dream ride till the Elon Musk’s Saturday Night Live appearance. Since then the coin has seen many pumps and dumps.
The value of Dogecoin (9th June 2021) has fluctuated between a 24 hour low of Rs 24.2020 and a high of Rs 25.5570, at the time of writing. It had been on a steady incline since the starting of this year.
The market cap for Dogecoin stood at $42.52 Billion, which is way low in comparison to when Forbes had placed it at $69 Billion, earlier in May 2021.
So is this the right time to buy Dogecoin?
Yes, this is the right time to buy as the price is declining rapidly. Right now you can buy 40 Dogecoins for a sum of Rs, 1000, isn’t it great. You can also wait a little bit but as the market is recovering, it is expected to go UP.
How to Buy
If you are looking to buy Dogecoin or any other cryptocurrency in India, you can use these apps:
1. WazirX
Download the WazirX app and sign up for the account. Before you start investing in Dogecoin, you need to do eKYC and enable the 2 Factor authentication. You also need to add your bank details to add and withdraw money.
Once you have added your bank account and perform KYC, you can check the available list of coins for trading. Tap on the Buy button in front of Dogecoin and then enter the amount you want to invest in the Dogecoin. You can make payments directly through bank deposit, credit card, debit Carr or UPI.
2. CoinSwtich
CoinSwitch is another notable and safe cryptocurrency exchange in India that lets you purchase and trade Dogecoin in India. You need to install the app, signup using your phone number, and add your bank account. As the app deals with crypto trading, you also need to do KYC. Once you have added your bank account, you can purchase the Dogecoin using Indian currency.
