Dogecoin has emerged as one of the most sought after cryptocurrencies in recent times and the sudden boom that it witnessed in the second quarter of 2021 made many people go crazy about it. Some of them ended up making a lot of profits and these were the same people who are the reason for us to say that this is the best cryptocurrency to invest your money in 2021. In the following information, you will get to know why Dogecoin is one of the best cryptocurrencies to invest in 2021 and questions like how to buy Dogecoin on Coinbase will also be answered. So without any further ado, let’s get right into it!
IT EXCEEDS THE GROWTH PERCENTAGE PREDICTION OF OTHER CRYPTOCURRENCIES BY A HUGE MARGIN
The never-ending competition between the hundreds of cryptocurrencies available on different trading platforms is something that keeps the market going and Dogecoin is going to rule this market in the coming years. Why? Because unlike its major competitors such as Binance Coin, LiteCoin and Ripple which offer a one year return of 174.77, 117.15 and 126.39 respectively, Dogecoin offers a one year return of a whopping 195.38%. If that does not sound like a reason big enough for you to invest in Dogecoin then please read it again as Dogecoin is offering you a total difference on returns of more than 20% of what you will get if you invest in Binance Coin.
IT IS MORE LIKELY TO HIT $1 MARK OR MORE IN THE NEXT YEAR
The coin started off as a joke in 2013 and the founders of this coin never intended to take it seriously. However when the coin garnered popularity in late 2018, it became one of the hottest cryptos to invest in at that time. The growth predictions for Dogecoin increased when this cryptocurrency hit the $0.54 mark in the month of May 2021 and now it is aiming for the $1 mark for the next year. If the experts’ predictions are to be believed, then this cryptocurrency is going to hit the $1 mark by the end of 2022.
IT IS CHEAPER THAN OTHER CRYPTOS AND WILL OFFER GREAT RETURNS
The one thing that worked out pretty well in the favour of Dogecoin is that it is one of the cheapest cryptocurrencies right now and it costs just $0.25 (at the time of writing this article). So in case you have not bought this coin yet, you must do it right away because it is going to give you exponential returns on such a small investment.
IT IS BACKED BY ELON MUSK!
Dogecoin should be thankful to the influence that Elon Musk has. Because if it were not for his absurd tweets, the coin would not have seen the growth that it saw in the second quarter of this year. While a lot of people criticized Elon Musk for being a cryptocurrency manipulator and making people lose tons of money, others who had invested in Dogecoin were extremely grateful to him. And if you invest in Dogecoin right now, then maybe next time you will be able to celebrate one of Musk’s tweets about this amazing cryptocurrency.
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HOW TO BUY DOGECOIN ON COINBASE?
The process to buy Dogecoin on Coinbase is as simple as follows :
- You will have to create an account first by using a valid email address,
- You will be asked for a government issued photo identity card which will authenticate your account,
- Once the verification process gets completed, you will be able to buy Dogecoin for a price as low as Rs. 25 by using your debit or credit card or bank account.
You will be able to purchase Dogecoin on Coinbase by following the above-mentioned process!
If you have gone through the points listed above, then it is safe to assume that now you know which is the best crypto to invest in 2021 and why it is Dogecoin. So if you are looking for a reliable platform to either invest in Dogecoin, trade or exchange Dogecoin, then you must try Coinbase. Coinbase happens to be one of the most reliable and secure platforms to trade in Dogecoin, and if you have any doubts about the same then you can check out the numerous positive feedbacks that people who have used this platform have left on the internet.