Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Meme Coins => Dogecoin Forum => Topic started by: rajput on October 16, 2021, 06:46:47 AM
-
DOGECOIN cryptocurrency has been on the rise recently, after a period of sustained decreases. The coin has fallen by 2.43 percent in the last 24 hours as of 3.16pm BST on October 15. Dogecoin has spiked in recent weeks stoking fears of a cryptocurrency bubble.
Dogecoin is an open-source peer-to-peer cryptocurrency that was featured in a meme shared by Elon Musk. Investors in the meme coin have seen massive changes in the value of the digital coin in recent days. The SpaceX CEO shared an updated picture of his Shiba Inu puppy named Floki which had a positive surge impact on the coin's value.
Dogecoin is an open-source peer-to-peer cryptocurrency that was featured in a meme shared by Elon Musk. Investors in the meme coin have seen massive changes in the value of the digital coin in recent days. The SpaceX CEO shared an updated picture of his Shiba Inu puppy named Floki which had a positive surge impact on the coin's value.
He told Express.co.uk: “The resurgence in attention to Dogecoin, which was originally launched as a parody currency, may seem attractive to investors due to its volatility but for the currency to ever have intrinsic value, scalability and security issues need to be addressed.
“It's moved by headlines, tweets, celebrity, or corporate endorsements and while that’s likely belittled by “traditional” investors, it’s what brings the masses to cryptocurrencies.
“The masses understand headlines, tweets, and endorsements and the masses will likely mature as crypto enthusiasts and begin to appreciate the movement for its more technical nuances.
“However, the main driver behind Dogecoin’s popularity is its online communities, coupled with support from high-profile business magnates like Elon Musk.”
-
If you now look at the Doge coin chart with the type 1 Month on Coinmarketcap, the chart turns red and it definitely needs a very good correction for us to see because almost all cryptocurrencies are currently red.
It might take some time for the Doge coin to turn green again because even if you look at Bitcoin from the chart, there are always stories that are hard to believe from the highest price looking for the lowest price and that also applies to the Doge coin.
-
a very controversial issue, I cannot understand why this coin is so popular, I do not see a global idea behind the project, but the coin continues to grow, so I also keep this coin with me 8)
-
If this DOGE feature is designed for playing games, then the ecosystem of DOGE coins is very abundant in the cryptocurrency coin market and various cryptocurrency platforms.
I think the best thing for now is that DOGE is only made for taking (if a centralized exchange provides something like staking) because in the future we won't know if DOGE coins can exceed the price of more than 20x the current price on the market.
-
Until whenever this DOGE coin will provide very good value for the cryptocurrency market and this is a very exciting opportunity because I believe DOGE coins will be even more expensive if you look at the current price.
I feel this is something that is really great for the cryptocurrency market because I believe the most phenomenal Meme coin is the DOGE coin with a million communities that exist throughout the cryptocurrency space.