Dogecoin is a cryptocurrency created by software engineers Billy Marcus and Jackson Palmer who created dogecoin as a joke. keeping Shiba Inu “doge” meme as its logo and namesake. Palmer said that the idea of Dogecoin came to him by thinking to combine the 2 popular trending words on the internet, was Doge meme and crypto coin. It was introduced on 6th December 2013. It has a market capitalisation of $85 billion as of 5th May 2021. If you want to know more about Dogecoin watch the video below.
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In Reddit people, who liked some comments and wanted to give tips gave some Dogecoin. Usually, the tip used to be 5 coins with 1 coin value at 0.0002 cents. later its value increased so much that even Elon musk(The richest man in the world) acknowledged it in September 2018. Musk meet Palmer regarding the people who used Musk’s name in dogecoins scams and later after 7 months he tweeted “Dogecoin might be my favourite currency. It’s pretty cool.
Dogecoin might be my fav cryptocurrency. It’s pretty cool.
— Elon Musk (@elonmusk) April 2, 2019
Due to he being so famous whenever he tweeted about Dogecoin the market value raised 25% or 50% for dogecoin every time. Dogecoin has also done some donations as well for good cause. It might be a huge trend as digital currency is been termed as the future of transactions.
Dogecoin Price Prediction 2022
The prediction in USD is as follows.
CURRENT PRICE – $0.247 USD
JAN 2022- $0.475 USD
FEB 2022- $0.466 USD
MAR 2022- $471 USD
APR 2022- $0.453 USD
MAY 2022- $0.428 USD
JUNE 2022- $0.375 USD
JULY 2022- $0.462 USD
AUGUST 2022- $0.478 USD
SEPTEMBER 2022- $0.470 USD
OCTOBER 2022- $0.430 USD
NOVEMBER 2022- $0.480 USD
DECEMBER 2022- $0.391 USD
The lowest price of Dogecoin is expected to be $0.331 USD, and the highest is expected to be $1.23 USD. The price will increase according to the prediction and will be profitable as of now. Dogecoin price $0.262 USD tomorrow. All in all, will be profitable if you are an investor and is looking for big money to amass and as you know a lot of people are investing in it nowadays so chances are it will be more in demand in 2022.
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