Dogecoin the cryptocurrency that emerged from nowhere

Dogecoin is a cryptocurrency born from a parody of the financial system, using the image of a meme, the Doge. Subsequently, taking into account its growth, it was directed towards a specific market, especially younger clients who did not have investment experience. In its beginnings, its values were insignificant, but in recent months its evolution has been overwhelming, currently standing in the top 10 cryptocurrencies. Among its multiple characteristics that differentiate it from the rest are not having a limit on production, low price in commissions and the speed of transactions.

Dogecoin, an influential and popular system

This year, this cryptocurrency experienced several of the most important moments since its creation. At the end of 2020, users of the Reddit social network began a movement in support of their investment, currently placing it in second place in popularity.Likewise, in January of this year, the Game Stop scandal appeared, bringing with it a rise in the Dogecoin values, making it attractive for purchase. All this from the hands of Reddit users.

Elon Musk, billionaire and highly known on the networks, has had a lot to do with this advance. Since 2019 he has created content on social networks supporting this cryptocurrency, but it was not until 2021 that he sought to revive it using his influence.
Currently, Musk has boosted its value up to a thousand times more, promoted by the use of payment transactions within his companies with this currency. The last announcement made was to take “the doge to the moon”, this through the creation of a Space X satellite financed with Dogecoin.

New business opportunities appear every day

The recent rise of this currency has led other businessmen to turn their eyes towards this cryptocurrency and consider it as an income opportunity. Among these is Mark Cuban, owner of the Dallas Maverick, announcing that he will accept this as a method of payment for his team’s merchandise. Likewise, artists such as Snoop Dogg and Gene Simmons have joined, who also invested and received Dogecoin as payment for their businesses.

A financial bubble or an opportunity to grow?

The growth of these financial modalities is unstable and unpredictable. Emerging from a parody and its recent promotion, everything has led to questioning the world surrounding cryptocurrencies. ‘Many specialists in the field specify that the fervor for it is due to the high influences it has received. However, they themselves do not spare the fact that once the different stimuli that led it to be promoted end, it can plummet in price.

Currently, investments in cryptocurrencies are all the rage, with more people joining this system every day. This is taking into account that, at any moment, it can collapse, thus defining a financial bubble phenomenon. Despite the risks, the business and profit opportunity is welcomed, turning this system into a profitable model with increases in future growth for many.

So, what’s behind the rise of Dogecoin?

In 2013, Dogecoin became very popular among the social media user community thanks to a meme of a dog named Shiba Inu. Later, Internet forums such as Reddit began to reward their content creators with Dogecoin, which started the rise of this cryptocurrency.

Some time later, the founder of SpaceX, Elon Musk, a loyal follower of Dogecoin, began to frequently tweet information about this cryptocurrency, which led to the increase in price. After that, other celebrities also began to promote this new digital currency through social networks. As a result of these actions, today, the current value of Dogecoin is $41 billion.

Dogecoin price continues to rise

At the beginning of 2021 a single Dogecoin coin was worth just 0.005405 US cents before reaching its maximum value. More than 128 billion Dogecoin units currently circulate on the market. The price of Dogecoin has reached over 1,500 percent this year and this is largely due to tweets from celebrities supporting the coin. The key explanation for Dogecoin’s price rise is said to be the rising value of other types of cryptocurrencies such as Bitcoin and Ethereum, which has boosted Dogecoin’s value.

Interesting facts about Dogecoin

Dogecoin is an open source peer-to-peer digital currency popular around the world. They have named their friendly and fun pet Doge! Shiba Inu breed. A Japanese dog breed that has become popular as an online meme and is directly associated with cryptocurrency. This digital currency has one of the most active and largest communities in the cryptocurrency world. This group has come together to support a variety of charitable and other initiatives 

Dogecoin is a cryptocurrency born from a parody of the financial system, using the image of a meme, the Doge. Subsequently, taking into account its growth, it was directed towards a specific market, especially younger clients who did not have investment experience. In its beginnings, its values were insignificant, but in recent months its evolution has been overwhelming, currently standing in the top 10 cryptocurrencies. Among its multiple characteristics that differentiate it from the rest are not having a limit on production, low price in commissions and the speed of transactions.

Dogecoin, an influential and popular system

This year, this cryptocurrency experienced several of the most important moments since its creation. At the end of 2020, users of the Reddit social network began a movement in support of their investment, currently placing it in second place in popularity. Likewise, in January of this year, the Game Stop scandal appeared, bringing with it a rise in the Dogecoin values, making it attractive for purchase. All this from the hands of Reddit users.

• Elon Musk, billionaire and highly known on the networks, has had a lot to do with this advance. Since 2019 he has created content on social networks supporting this cryptocurrency, but it was not until 2021 that he sought to revive it using his influence.
• Currently, Musk has boosted its value up to a thousand times more, promoted by the use of payment transactions within his companies with this currency. The last announcement made was to take “the doge to the moon”, this through the creation of a Space X satellite financed with Dogecoin.

New business opportunities appear every day

The recent rise of this currency has led other businessmen to turn their eyes towards this cryptocurrency and consider it as an income opportunity. Among these is Mark Cuban, owner of the Dallas Maverick, announcing that he will accept this as a method of payment for his team’s merchandise. Likewise, artists such as Snoop Dogg and Gene Simmons have joined, who also invested and received Dogecoin as payment for their businesses.

A financial bubble or an opportunity to grow?

The growth of these financial modalities is unstable and unpredictable. Emerging from a parody and its recent promotion, everything has led to questioning the world surrounding cryptocurrencies. ‘ Many specialists in the field specify that the fervor for it is due to the high influences it has received. However, they themselves do not spare the fact that once the different stimuli that led it to be promoted end, it can plummet in price.

Currently, investments in cryptocurrencies are all the rage, with more people joining this system every day. This is taking into account that, at any moment, it can collapse, thus defining a financial bubble phenomenon. Despite the risks, the business and profit opportunity is welcomed, turning this system into a profitable model with increases in future growth for many.

So, what’s behind the rise of Dogecoin?

In 2013, Dogecoin became very popular among the social media user community thanks to a meme of a dog named Shiba Inu. Later, Internet forums such as Reddit began to reward their content creators with Dogecoin, which started the rise of this cryptocurrency.

Some time later, the founder of SpaceX, Elon Musk, a loyal follower of Dogecoin, began to frequently tweet information about this cryptocurrency, which led to the increase in price. After that, other celebrities also began to promote this new digital currency through social networks. As a result of these actions, today, the current value of Dogecoin is $41 billion.

Dogecoin price continues to rise

At the beginning of 2021 a single Dogecoin coin was worth just 0.005405 US cents before reaching its maximum value. More than 128 billion Dogecoin units currently circulate on the market. The price of Dogecoin has reached over 1,500 percent this year and this is largely due to tweets from celebrities supporting the coin. The key explanation for Dogecoin’s price rise is said to be the rising value of other types of cryptocurrencies such as Bitcoin and Ethereum, which has boosted Dogecoin’s value.

Interesting facts about Dogecoin

Dogecoin is an open source peer-to-peer digital currency popular around the world. They have named their friendly and fun pet Doge! Shiba Inu breed. A Japanese dog breed that has become popular as an online meme and is directly associated with cryptocurrency. This digital currency has one of the most active and largest communities in the cryptocurrency world. This group has come together to support a variety of charitable and other initiatives