There are several types of cryptocurrencies in the market right now, one of which is Dogecoin which started out as a meme, but over time as Tesla’s CEO Elon Musk started to tweet his support for it, we’ve seen the value of the cryptocurrency rise by quite a bit. If you’re looking to get in on the action, you’re in luck.
This is because Coinbase has officially added Dogecoin to its exchange and to help get more people invested on its platform, they have announced that they will be giving away $1.2 million worth of Dogecoin in the coming month. In order to qualify for the giveaway, you need to have an account on Coinbase and also trade $100 worth of Dogecoin by June 2021, meaning that you’ll have to buy or sell $100 worth to qualify.
This is all speculative at the moment as cryptocurrency has been known to fluctuate in value rather dramatically, so whether or not investing in Dogecoin is a good idea is really up to you and your finances. We have seen and heard varying success stories of how some people have become overnight millionaires thanks to early investing, but like we said, all of this is still very much speculative so you could easily lose money as you could earning it.