Why Dogecoin is up 582% and How to Buy
Dogecoin is a cryptocurrency like Bitcoin that’s surged 582% today alongside GameStop, AMC, and BlackBerry. Dogecoin’s popularity is fueled by Elon Musk’s memes and the same traders from Reddit’s r/wallstreetbets who pumped GME up 1700% over this last month.
While hedge funds are systematically trying to shutdown individual buyers of GameStop and AMC to minimize their own losses, there’ nothing they can do to stop buyers of cryptocurrencies like Dogecoin because it is sold off traditional exchanges. This makes cryptocurrency the easiest way to profit from the current short-squeeze and is driving the price even higher.
However, you won’t find Dogecoin list by old-school brokers like Vanguard or Charles Schwab. Instead, r/wallstreetbets most popular choice for these trades is RobinHood because it has zero fees for cryptocurrency trades and supports fractional trades so there’s no minimum investment amount.
How to Purchase Dogecoin for Free
- Signup for Robinhood here for their current promotional offer. Includes free unit of stock (Typically worth $10).
- Go ahead a sell that stock
- Search the title bar for the stock ticker: Doge.
- Use your $10 credit to purchase as many Dogecoins as possible
- Ride to the Moon
