All-time high: Dogecoin still on the rise


The Dogecoin is the current high-flyer among the cryptocurrencies.

D.he Dogecoin is on the verge of flying gray hair for financial experts. The money introduced as spa currency in 2013 has no intrinsic value, but has now reached a demand that cannot be justified with any serious explanation. Although the recent IPO of the US crypto platform Coinbase is also boosting the prices of Bitcoin and Ether as well as Ripple’s XRP tokens, their price gains pale compared to the development of Dogecoins. The currency had already reached a new all-time high of $ 0.14 on April 14, 2021. While there were hardly any price movements on the following day, the value exploded on April 16, 2021 and catapulted the currency into unimagined heights.

Almost 15,000 percent in 12 months

In the meantime, the Dogecoin has reached a value of 0.29 US dollars and is currently hovering between 0.26 and 0.28 US dollars (as of April 16, 2021, 12:30 p.m.). The currency has thus gained almost 15,000 percent within twelve months. In April 2020, the price was still at $ 0.002. In the Ranking Of the most valuable cryptocurrencies, Dogecoin now ranks 8th with a market capitalization of almost 30 billion US dollars. Fans celebrate the success and incite themselves to further heights under the hashtag #dogecointothemoon. However, you shouldn’t be blindly carried away by this. In fact, it is possible that the current rally will continue for a while due to the euphoria, but the risk of loss is enormous. Critics repeatedly point out that the Dogecoin has any kind of equivalent value even less than the major crypto currencies. It is neither recognized nor planned as a legitimate means of payment.

Dogecoin carries enormous risk

Since, unlike Bitcoin, there is no upper limit for Dogecoins produced, the currency could also lose value in the long term due to inflation. In addition, the whereabouts of the Dogecoins already produced is at least opaque. For example, a quarter of all Dogecoins are owned by a single person. It is not known who is behind this, but users speculate that Tesla founder Elon Musk could be the secret Dogecoin king. The billionaire beats the drum for the currency on Twitter and has already got into trouble with the US exchange regulator. In any case, Dogecoin is and will only be of interest to extremely risk-taking investors.

Trading apps: comparison of eight stock apps for beginners and advanced users

Comprehensibility

costs

Which trading venues are available?

What are the trading hours?

Number of tradable stocks, ETFs, funds, savings plans?

What is the minimum order volume?

Watchlist

Alarm function

Practice function

Per

Contra

very intuitive app

Stocks, ETFs and derivatives are traded without order commissions; only one euro flat rate for third-party costs, free depot management

LS Exchange; for ETFs: iShares

7:30 a.m. to 11:00 p.m. for OTC derivatives from 8:00 a.m. to 10:00 p.m.

7,500 stocks and ETFs, 1,300 stock and ETF savings plans, 40,000 warrants, knock-out products and factor certificates

Yes

Yes

No

low costs

no web application available, just a trading platform

App with learning curve effect, as it provides insight into other users’ investor strategies

around 2,000 shares free of commission; Spread fees 0.09%; Conversion fees, as it is traded in US dollars; no custody fees, only those who do not log in for 12 months pay 10 US dollars per month; Withdrawal fee $ 5

There are 17 trading venues for stocks, such as the US stock exchanges Nasdaq (511 stocks) and NYSE (825), Frankfurt (119), London (367)

depends on the respective stock exchanges

2,000 stocks, 16 crypto values, many ETFs, other stocks and many other products as derivatives

$ 50

Yes

No

Yes

Learning from others is possible, exercise function

somewhat confusing price structure, only a few stocks

tidy application, despite a large selection of products

commission-free; no flat rate for third-party costs; free custody account management, but negative credit interest of 0.5 percent

LS Exchange, Quotrix

7:30 a.m. to 11:00 p.m. OTC direct trading from 8:00 a.m. to 10:00 p.m.

7,300 stocks, 1,100 ETFs, over 500,000 derivatives; in addition, crypto values ​​can be traded

500 euro; 50 euros for crypto assets

Yes

No

No

low costs

comparatively high minimum order volume, only two trading venues

easy to use app

in the 1st year EUR 3.90 per order on all German stock exchanges, then EUR 4.90 plus 0.25% on the order volume (min. 9.90, max. 59.90 euros); plus trading venue fee (min. 1.50 or 2.50 euros) and third-party fees; Free deposit for 3 years, then linked to activities, otherwise 1.95 euros / month

all German trading venues; also twelve more in countries such as the USA, Japan and Great Britain

depends on the respective stock exchanges

14,500 stocks, 1,500 ETFs, 32,500 funds, 629,000 warrants, 1,085,000 certificates and 62,500 bonds

Yes

Yes

No

extensive yet clear app

high order fees from the 2nd year

simple and clear

No order fees in the first 6 months at Tradegate, L&S, Baader Bank, then 5.90 euros per order, and since March 2020 also a custody fee of 0.1 percent on the market value

all German stock exchanges, around a dozen foreign trading venues, 20 direct trading partners

depends on the respective stock exchanges

8,500 stocks and ETSs, more than 1,000 ETF savings plans, 5,000 funds (including ETFs); also derivatives and CFDs

Yes

Yes

No

numerous learning videos and webinars on current topics

Custody fees

not a pure trading app, a bit confusing

Stock orders EUR 3.95 in the 1st year when trading via Tradegate; otherwise at least 9.95 euros per trade, max. 69 euros; many funds and ETFs without fees, free custody account management

all German trading venues, more than 20 foreign stock exchanges, over 20 direct trading partners

depends on the respective stock exchanges

20,000 stocks and 7,000 funds (including ETFs); in addition, numerous bonds, currencies and commodities

Yes

No

No

numerous trading venues with many stocks

App not focused on securities trading, high order fees from the 2nd year

extensive app, but also for beginners

Gettex: EUR 0.99 per order or flat rate from EUR 2.99 per month with an unlimited number of orders and ETF savings plan executions; Xetra: 3.99 plus at least 1.50 euros; free depot management

Gettex, Xetra

8 a.m. to 10 p.m. (Gettex), 9 a.m. to 5 p.m. (Xetra)

4,000 stocks, 1,300 ETFs and ETF savings plans, 2,000 managed funds

Gettex only: 250 euros; Savings plans from 25 euros per month

Yes

Yes

No

low costs, attractive flat rate price model for active traders (only Gettex)

Minimum order volume at Gettex, only two trading venues, no derivatives

dispenses with any design finesse, the focus is purely on the information

3.99 euros per order in the first 6 months (plus trading venue fee, processing fee), thereafter: 4.99 euros plus 0.25 percent of the order value (min. 8.99, max. 54.99 euros); Free custody account management for at least one transaction per quarter, otherwise EUR 11.97 per quarter

all German trading venues, 29 foreign stock exchanges

depends on the respective stock exchanges

9,000 stocks, 12,000 funds, 2,000 ETFs, 20,000 bonds, 1.3 million leverage products, plus stock savings plans, ETFs eligible for savings plans, funds and certificates

Yes

No

No

Trading on numerous stock exchanges

high order fees from the 7th month, extra app for CFDs

* Our independent experts deal regularly with products and service providers. We will provide you with the resulting articles free of charge. COMPUTER BILD receives a small commission if you click on a link or conclude a contract with a linked provider. Note: The content on computerbild.de is not a specific investment recommendation and only contains general information. Authors, editors and the cited sources are not liable for any losses that may arise through the purchase or sale of the securities or financial products mentioned in the articles. Complex financial products such as CFDs in particular harbor a high level of risk: According to the company, 67 percent of private investor accounts with eToro lose money when they trade CFDs from this provider.


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