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| Symbol | DOGUSD |
| Name | Doge vs US Dollar |
| Quote Currency | USD |
| Trading Hours | 24/7 |
| Spread As Low as (Quote currency) | 0.00048 |
| Commission | No |
| Contract Size (Per Lot) | 10000 DOG |
| Minimum Contract Size (Lot) | 0.01 |
| Minimum Step Size (Lot) | 0.01 |
| Leverage Up To | 1:100 |
| Limit and Stop Level | 0 |
| Execution | Market |
| Trading Platform | MT5, Mobile App, WebTrader |
| Sector | Crypto |
ZERO Deposit Fees
Choose from multiple (15+) deposit options such as Skrill, Neteller, Visa/Mastercard, Crypto, Local Bank and others with zero fees.
Global Market Access
Trade CFD's (1000+) on a wide range of instruments including Forex, Shares, Commodities, Indices, Precious Metals, Cryptocurrency and Energy.
Sub 30ms Latency Trading
Trades are executed through liquidity engines in LD4 and access servers in Asia, Europe and Africa.
€20,000 Protection per Claim
Clients are protected by the independent Financial Commission's Compensation Fund.
Choose from multiple trading options based on your preference of order types, indicators, charting tools, style of trading and operating environment.
Born out of a light-hearted joke, Dogecoin (often represented by the Shiba Inu dog from the “Doge” meme) has arguably become one of the most unexpected phenomena in the cryptocurrency world. Initially created for fun, its warm community and unexpected rise in popularity have positioned Dogecoin as a recognizable and tradable asset within the CFD trading community. In this article, we’ll embark on a journey from Dogecoin’s comedic origins to its current prominence in CFD trading circles.
Dogecoin was launched in December 2013 by software engineers Billy Markus and Jackson Palmer.
It was envisioned as a satirical alternative to Bitcoin, poking fun at the explosion of new crypto projects at the time. But what began as a jest swiftly gained traction, gathering a community drawn to its light-hearted ethos.
Speedy Transactions
Dogecoin transactions are processed quickly, often faster than other cryptocurrencies, making it popular for online tipping and small transactions.
Vibrant Community
Over the years, the Dogecoin community has engaged in numerous charitable endeavors, funding causes ranging from Olympic teams to water projects in Africa.
Infinite Supply
Unlike Bitcoin's capped supply of 21 million coins, Dogecoin has no maximum limit, with over 130 billion coins in circulation as of early 2022.
Famous Endorsements
High-profile endorsements, especially from figures like Elon Musk, have occasionally stirred significant interest and market movements around Dogecoin.
The unexpected surge in Dogecoin’s popularity and price volatility has inevitably caught the attention of CFD (Contract for Difference) traders. Here’s what makes DOGE enticing:
Price Swings: Dogecoin, influenced by social media trends, celebrity endorsements, and broader crypto market sentiments, often witnesses substantial price volatility. For CFD traders, this presents potential opportunities to capitalize on price movements.
Cultural Phenomenon: Dogecoin’s rise is closely linked with internet culture, making its performance a fascinating study in the power of community-driven projects and sentiment-based trading.
Mainstream Attention: With increasing media coverage and mainstream adoption, Dogecoin’s liquidity and trading volume have seen significant growth.
From its meme-inspired origins to trading charts, Dogecoin’s journey is a testament to the unpredictable and dynamic nature of the crypto space. For CFD traders, DOGE represents more than just a digital currency; it symbolizes the ever-evolving interplay of community sentiment, internet culture, and market speculation.
Start trading DOG/USD crypto CFD now!
Trading Dogecoin via CFDs allows you to capitalize on price fluctuations without owning the actual coins. This means you can potentially profit from both rising and falling markets, without needing a crypto wallet.
Begin by selecting a broker that offers DOG/USD crypto CFDs, such as Baxia Markets. Once you’ve set up and funded an account, you can commence trading on the platform.
DOG/USD, like other crypto markets, is known for its volatility. With the leverage offered in CFD trading, both potential profits and losses can be magnified. It’s crucial to implement sound risk management strategies.
Yes, the meme culture and online communities, especially on platforms like Reddit and Twitter, have played significant roles in influencing Dogecoin’s demand and price.
Dogecoin’s price can be influenced by overall crypto market sentiment, online community hype, celebrity endorsements, technical analyses, and macroeconomic factors.
Absolutely. Global economic conditions, technological advancements, and broad market sentiment can influence the behavior of traders and subsequently the DOG/USD price.
The cryptocurrency market operates 24/7, but the availability of DOG/USD crypto CFD trading might depend on a broker’s specific trading hours. Here at Baxia Markets, we conveniently give our clients access to trade DOG/USD 24/7.
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Risk Warning: Margin trading involves a high level of risk, and may not be suitable for all investors. You should carefully consider your objectives, financial situation, needs and level of experience before entering into any margined transactions with Baxia Markets, and seek independent advice if necessary. Forex and CFDs are highly leveraged products which mean both gains and losses are magnified. You should only trade in these products if you fully understand the risks involved and can afford losses without adversely affecting your lifestyle (including the risk of losing the entirety of your initial investment). You must assess and consider them carefully before making any decision about using our products or services.
Baxia Global Limited is a company registered in Seychelles with registration number: 8426970-1, and is regulated by the Financial Services Authority of Seychelles with License number: SD104.
Baxia Limited is a company registered in The Bahamas with registration number: 177330 B, and is licensed and regulated by The Securities Commission of The Bahamas (SCB), (SIA-F234).
Baxia Holdco Ltd, a company incorporated in the Republic of Cyprus with registration number ΗΕ 413062, at 4 Agiou Georgiou Makri, 6037 Larnaca, Cyprus, is a Paying Agent of Baxia Global Ltd. All payments related to Paysafe and other companies are processed by Baxia Holdco Ltd.
Baxia Markets is a member of The Financial Commission, an independent external dispute resolution (EDR) organization. The interests of Baxia Markets clients are protected by the Financial Commission’s Compensation Fund for up to €20,000 per claim.
The information on this website is general in nature and doesn’t take into account your personal objectives, financial circumstances, or needs. It is not targeted at the general public of any specific country and is not intended for distribution to residents in any jurisdiction where that distribution would be unlawful or contravene regulatory requirements. Baxia Markets does not offer its services to residents of certain jurisdictions such as USA, Cuba, Sudan/Republic of Sudan, Syria, Iran, Iraq, South Sudan, Venezuela, Libya, Belarus, Afghanistan, Myanmar, Russia, Crimea, Donetsk, Luhansk, Palestine, Yemen and North Korea.