After Twitter’s announcement of Elon Musk as the newest member of its board of directors, Dogecoin started to rally. Musk has agreed to limit his stake to 14.9%, instead of the 9.2% currently.
This guide will cover everything you need to know about Dogecoin and the coin. It also includes information on whether or not you should purchase it. Here’s where to buy Dogecoin if you choose.
Dogecoin is available at the best places
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What is Dogecoin exactly?
Dogecoin was invented by Jackson Palmer and Billy Markus, two software engineers. It is the first ever meme coin and dog coin.
It may have started off with a satirical nature, but it’s become a lucrative investment for some. Dogecoin, with its Shiba Inu logo, was launched on December 6, 2013. It quickly gained popularity.
Its market cap had surpassed $85 billion by the spring last year. The first crypto had a 100 billion coin cap. This was reached in mid-2015. Additional 5 billion coins were added each year.
Should I purchase Dogecoin now?
Dogecoin investment can be a worthwhile one if you have the right timing. It is difficult to predict the future. Your risk tolerance should be considered when making investment decisions. Don’t take any price predictions at face value.
Dogecoin price prediction
Wallet Investor predicts that the price will reach $0.29 in a single year. It will trade for $0.86 by 2027, according to Wallet Investor.
Digital Coin Price predicts an average price of $0.19 in 2018, $0.28 in 2025 and $0.66 by 2030. Price Prediction predicts that DOGE will average $0.16 this year and rise to $0.49 by 2025, and $2.82 by 2030.
Dogecoin social media
— SlumDOGE Millionaire (@ProTheDoge) April 5, 2022