Elon Musk seems intent on giving Dogecoin permanent staying power. The ur-meme coin continues to gain after he tweeted he would eat a happy meal on TV if Macdonald’s started to accept Dogecoin as payment.
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What is Dogecoin?
Dogecoin (DOGE) is based on the popular “doge” Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013.
Dogecoin’s creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme.
Dogecoin has been used primarily as a tipping system on Reddit and Twitter to reward the creation or sharing of quality content. You can get tipped Dogecoin by participating in a community that uses the digital currency.
Should I buy Dogecoin today?
Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never take any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose.
Dogecoin price prediction
2021 was a great year for DOGE by all accounts. It was trading for $0.0057 at the beginning of the year, reached $0.034 in February, and then went up to $0.74 in early May. However, the coin had lost a large portion of its value about a month later.
Some analysts expect DOGE to hit an ATH of $1 in 2022. Others are less bullish. It can go up to a maximum of $0.40 according to Wallet Investor.
Dogecoin on social media
— Hocca (@hocca_official) January 18, 2022