Are you still unaware of the irony of Dogecoin? It’s that coin, which, when introduced in the market, people mocked for years. However, the meme of Doge was quite prevalent over social media. This meme was a solution to all the stupid questions asked. Subsequently, over the years, it captured the market and raised its market capitalization.
KNOW MORE ABOUT WHAT EXACTLY DOGECOIN IS?
Dogecoin is a type of cryptocurrency or a virtual coin introduced in the market in the year 2013 by two software engineers Billy Markus and Jackson Palmer. They have presented it as a fun substitute for Bitcoin. Subsequently, they introduced this concept as a kind of “Joke Cryptocurrency.” It was created as a prototype of the lucky coin. The hidden reason behind the name Dogecoin was the quirky term would capture the market efficiently.
The prices of Dogecoin have risen from 1 billion dollars in January to $74.13 billion. It is the maximum amount for cryptocurrency across the globe. Now, as the tables have turned and people regret who did not take cryptocurrency seriously. It was quite well-known on numerous social media platforms as a meme-cryptocurrency. The name suggests (DOGE) the meme that captured the users’ attention on different social media platforms. Shiba Inu is the prime face of Dogecoin.
VALUE OF DOGECOIN
Are you still scratching your head as to what’s Dogecoin worth?
Dogecoin was started as a joke, and consistently for seven years, people mocked it as a joke. In the year 2021, both meme and cryptocurrency lovers came together, which lead to the increase in the price of Dogecoin. The graph goes up and down, initially reaching 10 cents, then 30 cents, and then 69 cents. In January, each Dogecoinwas amounting to less than a cent. Now it has reached 69 cents. In the past few months, it ranged from 30 cents to 70 cents approximately.
There is a bargaining rate at which Dogecoin is being traded. But in the last month, it was up to $0.53, according to CoinDesk.
The worth of Dogecoin increased to 30% when Elon Musk was in one of his interviews. There is the famous quote, “buy the rumor, sell the news.” In 2021, Dogecoin’s price is 25,000%, and the journey started from a penny to 70 cents. Currently, the Dogecoin price market value is $70 billion.
It is predicted by FX Empire to be the bullish movement of the Dogecoin. In June, $0.0754225 and in July $0.0766733, September $0.781554, October $0.0798154, and December $0.087006.
Do you still predict what will be the worth of Dogecoin in the year 2022? The answer is bullish movement throughout the year.
“Cryptocurrency is promising, but please invest with great care***
DOGECOIN: THE FUTURE INVESTMENT
The consumers are still wondering what will be the future of Dogecoin? Also, People are astonished that under which head Dogecoin falls?
Is it a rational investment? Or
Is it a decision of stupidity?
Elon Musk, an entrepreneur of Tesla and Space X, while in a gathering, quoted a statement that “Future of Dogecoin is currency. It’s quite ironic that it started as a joke, and people made fun of the cryptocurrency.
The currency that started as a joke has upgraded its value to the real currency, and according to Elon Musk, It is a cryptocurrency any induvial can trade for. With the help of verified and reliable exchangers, one can easily purchase Dogecoin. The gambling of Dogecoin requires more withdrawal speeds, and it’s the safest way to offer online casino activities.
The mining process of Dogecoin is quite fast. In a year, 100 billion coins were mined. People used to believe that Dogecoin has a bright future, and it will go to the moon, and yes, it was a reality.
The future of Dogecoin is extremely bright, and experts believed that it has the potential to become the official currency all across the globe in the near future.
EvenElon Musk once jokingly said, “Fate loves irony. The most entertaining outcome and the most ironic outcome would be that Dogecoin becomes the currency of Earth in the future.”
So, If you are wondering and bored with the normal stock exchanges, now you have the opportunity to get lit up, and Dogecoin has come into the picture.