Dogecoin is valuable because of supply and demand. There are people prepared to spend their Bitcoin, USD, or any other asset to acquire Dogecoin, which gives the coin its value. Here’s some of the unique factors that potentially contribute to the value of Dogecoin:
- It is one of the oldest cryptocurrencies that still has an active community of users
- Dogecoin transactions are relatively cheap and fast
- The project’s humorous branding and community memes gives Dogecoin a lot of viral potential
You can get Dogecoin at many different cryptocurrency exchanges. For example, Dogecoin is listed on Binance, OKEx, Huobi and Kraken. Typically, Dogecoin isn’t listed against fiat currencies, so you will likely have to first acquire some Bitcoin and then trade it for Dogecoin on an exchange. Alternatively, you could ask a friend to send you some DOGE or earn it through mining.