7megaTrades - Cryptocurrency Services

Cryptocurrency Services

Dogecoin 90% Traded
Cryptocurrencies are sets of software protocols for generating digital tokens and for tracking transactions in a way that makes it hard to counterfeit or re-use tokens. Therefore, cryptocurrency trading involves trading on digital currencies/tokens. This form of trading has in fact only been around for a few years. One of the most common forms of digital currency is the Bitcoin which was released in 2009. It's initial price was set at less than 1 cent as at 2010. While it is still to experience its boom phase, it has quickly become a popular way of trading for many. One of the big benefits of this form of trading is the money that there is to be made. The bitcoin, for example, hit a market cap of $160 billion by November, 2017. There are considerably a few people trading cryptocurrencies which is an advantage because the market is yet to be saturated by others trying to get in on the game. Deutsche bank has shown an increasing appreciation for the transformative potential of both blockchain technology—becoming one of the first to spearhead the development of its own Ethereum-based blockchain—and the cryptocurrencies based on it. Just like Deutsche bank, Germany offers forex broker service, we also have cryptocurrency traders that specialize in the trading of this digital cash. Our job is to test them all out, put them through their paces and then present our information, for better result.

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Why we trade more of Dogecoin.
  • Dogecoin was originally founded as the result of a joke made by Jackson Palmer in November 2013. When he was contacted by programmer Billy Markus, they decided to turn Dogecoin into a reality.
  • Dogecoin was designed to be a friendly, more approachable form of cryptocurrency that could reach users put off by the cold complexity of Bitcoin. Even its name is taken from a popular Internet meme.
  • Dogecoin has one of the largest and most active communities in the cryptocurrency world. This community has come together to fund a number of charitable efforts and other projects. They even managed to sponsor a NASCAR.
  • One of the most common uses for Dogecoin today is as a tipping service. Users will tip other users for posts or contributions that they believe deserve recognition. It’s similar to a “like” but with more impact.
  • There have been no technical updates or developments since 2015 when Jackson Palmer left the project by declaring that he was going on an “extended leave of absence”.
  • In 2021 Dogecoin saw a major price surge thanks to an influx of users chasing GME style highs. This run was given a further boost when Elon Musk began tweeting about Dogecoin, calling it the “cryptocurrency of the people”.