Offline storage — physical/offline/cold wallets — is considered safest for storing all cryptos. These wallets come in the form of USB devices. Some examples of reliable offline Dogecoin wallets include KeepKey, Ledger Nano S and Trezor Model One. Lately, paper wallets are also becoming increasingly popular among crypto investors. 01 choose your wallet Dogecoin, like most cryptocurrencies (excluding stablecoins), is not backed by any assets or cash flow. That is, its price is solely determined by what other people are willing to pay for it. In contrast, the performance of the underlying business drives long-term price appreciation in a stock. The rise of Dogecoin is based on speculators becoming even more optimistic, or what is known as the "greater fool theory of investing."
The last couple weeks have been dominated by the story of online amateur investors who have been swarming around the market in search of so-called "meme stocks" like GameStop and AMC. But many of those investors now seem to have also set their sites on a meme currency. We are talking, of course, about Dogecoin! Dogecoin a cryptocurrency literally created as a joke back in 2013. Crypto Market Insights and Analytics Historical Market Depth is showing the history of liquidity from the markets for a given asset. It’s a measure of combined liquidity from all integrated markets on the coinpaprika’s market depth module.