Dogecoin Popularity Soars: An Investment Guide with a 161-Fold Increase in One Year#
Recently, the popularity of Dogecoin is evident. Looking back over the past year, its increase has reached an astonishing 161 times. For example, an investment of 10,000 yuan in Dogecoin a year ago is now worth up to 1.61 million yuan.
Such an incredible return rate quickly topped Weibo's trending searches, sparking widespread discussion among investors. This article will detail the process of purchasing Dogecoin.
Before proceeding, let’s briefly understand Dogecoin: it is a cryptocurrency like Bitcoin, with the code DOGE. Initially inspired by internet memes, it has gradually developed a unique community ecosystem and application scenarios in recent years. The following provides a tutorial on buying and trading DOGE using Binance as an example.
I. How to Buy Dogecoin? Detailed Steps for Buying DOGE#
Dogecoin has been listed on over 120 major exchanges worldwide, including OKX, Binance, Huobi, Gate.io, and others. Below is the complete process for purchasing DOGE through OKX. Before buying, you need to hold USDT—
Visit the OKX official website (one of the top three exchanges globally), where registration can waive 20% of trading fees, and new users can receive a free mystery box (worth $2 to $8).
Click here–> to register an OKX account or alternative link, some regions may require a VPN
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Registration Steps:
- Access the OKX official website via the link above and enter your registration email:
- Set your phone number (choose the one starting with 86) and enter the 6-digit SMS verification code:
- After completing SMS verification, select your country or region (fill in truthfully), check the service terms, and set your login password:
After registration, you need to complete identity verification (real-name verification can earn a random mystery box reward, up to 50 USDT).
- Access the OKX official website via the link above and enter your registration email:
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Buying USDT:
After registering and logging in, buy USDT (1:1 pegged to the US dollar) through C2C or quick trading.- Click [I want to buy coins] → [C2C buy coins] → [Quick trading], select USDT and payment method (Alipay/WeChat/Bank card), transfer to the merchant and click [I have paid].
- After completion, check your USDT balance in [Asset Management] → [My Assets].
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Exchanging USDT for DOGE:
Click on "Trade" at the bottom of the app → select "Spot" → choose the [DOGE/USDT] trading pair.
II. Is Dogecoin Still Worth Investing In?#
Dogecoin distinguishes itself from traditional Bitcoin with a lighthearted community approach, initially used for online tipping and rewards, resonating with American culture and quickly gaining popularity. Despite starting as a joke, its performance has far exceeded expectations: created by Jackson Palmer and Billy Markus, it remains active even during downturns in the crypto market.
- Activity Data:
- In December 2018, the daily average number of active addresses for DOGE exceeded the levels of 2017, second only to Bitcoin and Ethereum.
- According to Messari, DOGE had 72,955 active addresses in a single day (Bitcoin 536,738, Ethereum 235,004), with nearly 30,000 transactions totaling $264 million.
- Technical Advantages:
Its network processing power and transaction throughput surpass those of established cryptocurrencies like Bitcoin Cash and Litecoin.
III. Advice for Newcomers in the Crypto Space#
Dogecoin attracts investors with its absurd and humorous community culture, aligning with the "American Meme Community" trend against traditional financial institutions. Elon Musk's repeated endorsements have further heightened its visibility.
- Advantages: Low entry barriers and significant potential for price increases, suitable for retail investors.
- Controversies: Some veteran players believe its application scenarios are limited, marginalizing its performance in the DeFi wave.
Nevertheless, DOGE has become an undeniable force in the crypto market, and newcomers should first grasp its mechanisms and purchasing methods.
🔥 Solutions for Accessing OKX Exchange in China#
Exchange domains are often restricted or affected by overseas server access. Platforms like OKX regularly update alternative domains:
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- OKX alternative domain Overseas OKX - requires VPN or alternative link
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- Binance alternative domain Binance
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- Bitget alternative domain Bitget
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- Bybit alternative domain Bybit/Bybitglobal
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- Huobi HTX alternative domain Huobi/HTX
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- Gate alternative domain Gate.io
🔥 Related Reading#
2025 Top Ten Virtual Currency Trading Platforms in China Latest Rankings Released🔥【Worth Collecting】
【Real Stories of Wealth in the Crypto Space】Many people ask me how, after years of trading, I went from 0 to 11 million and then to a debt of 100,000?
🔥 Useful Tools for Finding Gold in the Crypto Space#
1️⃣ Axiom Dogecoin Tool https://axiom.trade
2️⃣ Gmgn Dogecoin Tool https://gmgn.ai
3️⃣ dbot Dogecoin Tool https://app.debot.ai
4️⃣ Morelogin Multi-Account Fingerprint Browser www.morelogin.com
Everyone is Searching#
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