The OG meme-based cryptocurrency, Dogecoin (DOGE), has been officially added to GCrypto, GCash’s integrated crypto trading feature within its app.
This listing grants platform users the ability to purchase, sell, and trade the coin seamlessly.
DOGE in GCrypto
On February 20, Gcrypto officially listed DOGE.
Last November, GCrypto first listed the meme coin Shiba Inu which was initially touted in the wider crypto community as a potential rival to Dogecoin.
Read: Can Meme Coin Investors Be Millionaires In Just 7 Days?
DOGE to PHP
What is DOGE?
Dogecoin, featuring the popular Shiba Inu dog meme as its logo, is a meme token created as a joke or parody of traditional cryptocurrencies. Its value is largely driven by social media hype rather than underlying technology or utility. Notably, tweets from figures like Elon Musk can significantly impact its fiat value.
Launched in 2013 by Billy Markus and Jackson Palmer, Dogecoin was intended as a lighthearted version of Bitcoin. With its unlimited supply, Dogecoin is classified as an “inflationary coin,” contrasting with tokens like Bitcoin, which have a limited supply and are termed “deflationary coins.”
Use case of DOGE
Tipping and Donations
DOGE has a lively community that utilizes it for tipping and charitable donations, expressing appreciation and kindness online.
Online Retail Payments
Many online retailers accept Dogecoin as a payment method, allowing holders to shop for goods and services using the cryptocurrency.
Real-World Transactions
Binance listing Dogecoin in 2019 increased its visibility and accessibility, with platforms like Wag accepting DOGE and Ethereum payments.
Community and Development
Despite its memecoin origins, Dogecoin thrives due to its active community and ongoing development efforts, with supporters highlighting its value through its use cases and engaged user base.
Read: Dogecoin Philippines | Meme Token Guide and Use cases
Other Available Crypto in GCrypto
- Bitcoin (BTC)
- Ethereum (ETH)
- Tether (USDT)
- USD Coin (USDC)
- Uniswap (UNI)
- Chainlink (LINK)
- Aave (AAVE)
- Basic Attention Token (BAT)
- The Graph Token (GRT)
- Enjin (ENJ) *Note: Buy function is currently not available for ENJ
- Litecoin (LTC)
- Bitcoin Cash (BCH)
- Avalanche (AVAX)
- Polygon (MATIC)
- Polkadot (DOT)
- Axie Infinity Shards (AXS)
- Smooth Love Potion (SLP)
- Cardano (ADA)
- Solana (SOL)
- Binance Coin (BNB)
- Stellar (XLM)
- SushiSwap (SUSHI)
- Ripple (XRP)
- Pax Gold (PAXG)
- Shiba Inu (SHIB)
- ApeCoin (APE)
- USDT (Tron)
- Tezos (XTZ)
- Hedera (HBAR)
- Ronin (RON)
- Doge (DOGE)
This article is published on BitPinas: GCrypto Adds Dogecoin, Now Supports 31 Crypto
Disclaimer:
- Before investing in any cryptocurrency, it is essential that you carry out your own due diligence and seek appropriate professional advice about your specific position before making any financial decisions.
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