Why Elon Musk loves it when someone Investing in dogecoin.
Everybody is interested by the connection between Elon and dogecoin. Shiba Inu, the famous smiling dog face that went on many mems now become another celebrity by representing the face of DogeCoin. One may ask what the foremost growing cryptocurrency is nowadays, answer is pretty easy, it’s “DOGE” the official ISO 4217 code, nevertheless the name of the meme itself. The initial release of the coin is seven years ago precisely December 6, 2013.
Doge cryptocurrency was created by two software engineers, Billy Markus and Jackson Palmer. Their idea was to make a payment system, which is free from traditional banking fees. Doge coin is essentially software during which these engineers used C++ because the programing language of the currency.
Official symbols are “D” or “Ð”. As of the record in 2018 February 10000 Dogecoins has block reward. 113 billion have already been mined .Coin’s circulating supply is 127 billion . Doge wasn’t meant to be a series thing, in 2013 when it initially started it had been just a joke, I mean literary a joke. it had been everywhere the web those days it had been a nod to the doge. As fxempire predicts DOGE are going to be grown significantly in 2021 and across 2024.
In 2021 February currency worth only 0.02 USD
per coin and therefore the expert prediction was it’ll be rice maximum to 0.0284 USD per coin by end of the year, but look what happened by May 2021, it already 0.628 USD per coin. It’s a 3140% growth for two months, with these results we cannot even predict what is going to be the long-term of DOGECOIN.
The next big question is Does DOGE features a future? I mean bean a joke; can it go as high as BITCOIN. The thing is once you want a solution to the present just commit it to memory isn’t certain, but we will guess by the history of the market value and therefore the rate of increase within the coin. DOGECOIN has increased its market by 10000% just only in 2021. Only in 2021 Rising from half a penny to 60 cents. After now this market pushes DOGE worth 70 Billion.
If you getting to invest in crypto and you’ve got a very limited amount of cash , i feel DOGECOIN is one among the simplest ways you’ll go. IF have any doubts let’s say, Space X accepts DOGECOIN as a payment method in 2022. Finally, i’m not a financial advisor and no-one can advise you about investing in crypto. It’s your own risk to take a position in any crypto and please search for more articles and skim more to be confident about what you are doing. If you would like to examine Safe moon .please follow the link. Still, no clear idea why Elon loves and investing in dogecoin ?