There are more than 50 cryptocurrencies in the market and keeping a tab on each of them is not possible. That is why we have several websites that monitor each crypto. Recently on a few websites, Dubai Coin was seen in its trending section. We should tell you that this is not a new coin and it has been here for more than 5 years. But why the coin is trending now in 2021? Read to find out the reason and Dubai coin price prediction.
What is the Dubai coin?
Dubai coin is a decentralized currency that is based on a public network. Unlike other cryptocurrencies, it is less secure hence less popular. But recently there has been a few changes in its price and the technology and the coin is trending again. As of now, the coin has a trading price of less than a quarter. But there was a time in 2017 when the coin was trading at more than $5 USD.
Before making any kind of Dubai coin price prediction you should know one thing. A few days ago people selling the Dubai coin said that the coin could be used to buy any sort of product in the country Dubai Online as well as offline stores. But the officials of the Dubai government have denied all the claims and said that the website is being used to steal people’s money and nothing more.
Dubai coin price prediction
Since the news has surfaced that the coin is not affiliated with any officials and could be a hoax. People started selling it. As of now, the coin has become one of the worst cryptos to invest in. And it is not even available on many platforms. So if you are someone who is trying to invest in this coin. We should tell you that you should do it at your own risk after reading many documents. As of now, we advise you not to trade the Dubai coin as it might not be safe for everyone. And it could be trying to steal the data of its consumers.
How to buy Dubai coin
If you have done your research and decided to invest in the coin then you should find a site that lets you invest in it. As of now, many websites do not accept the coin because they do not think that this is something to invest in. But there are still a few websites on which you can buy the coin.
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