Dogecoin created in 2013, initiated by Billy Markus (former engineer at IBM), Oregon and Jackson Palmer. Its symbol is the Shiba Inu, a Japanese hunting dog.
This virtual currency arises from a branch of the Litecoin blockchain. So it’s really on the end of a joke rather than a solemn project that she is building herself. Despite this, it had a fundamental goal: to democratize the crypto market. Triumphant venture: the DOGE immediately benefited from a faithful and passionate community. But for years, its plan never took off.
It is, in fact, in 2021 that Dogecoin shifts into an encouraging cryptocurrency. Indeed, it begins the year around $ 0.005. But in mid-April, it scores an all-time high of $ 0.1445. It may not sound like enough, but it’s a 3000% boost! It then rose to over $ 0.26 quickly after that. It hence reaches the best ten cryptos in terms of market cap.
Why Should You Invest in the Dogecoin Crypto Currency in 2021?
Dogecoin is encountering powerful enactment from the cryptocurrency community. As a result, its price rises quite regularly and sporadically in 2021, making it an exciting asset. But Dogecoin persists in a risky bet. Undoubtedly, the future of this encouraging cryptocurrency could thus reveal both positive and negative astonishments in 2021 and beyond. But the more complex an investment, the greater the profit potential. Therefore, to be approached with attention.
Advantages of Dogecoin
Here are some of the goods of having the DOGE in your wallet.
Crypto sponsored by renowned investors such as Elon Musk Doge is more and more famous A positive image A well-established community Dogecoin mining can be profitable Encouraging forecasts
Disadvantages of Dogecoin
The DOGE has its limits too.
Volatile currency: a single tweet can lead to an immediate rise in price Risk of unexpected drop or collapse It is not a means of payment or a currency with any real utility in everyday life.