WHAT IS DOGECOIN
Dogecoin is a cryptocurrency that was first formed back in 2013 as a joke. The creators of Dogecoin built Doge to be a friendly for the general public to the world of cryptocurrencies.
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IS DOGECOIN A GOOD INVESTMENT
Before investing in Doge, people should understand that Doge is an inflationary coin, meaning it has an endless supply that keeps growing more and more rapidly as time goes. this makes Doge unstable for long term investment, unlike deflationary coins like Bitcoin, which has a high demand and a limited supply.
Dogecoin has been at the centre of this crypto bull run. Dogecoin is one of the most popular cryptocurrencies right now. the meme coin has already surpassed many giant crypto coins to become one of the top 5 coins, by market cap. Dogecoin has already had multiple rallies just in the past month. the price of Dogecoin has reached $0.65 an all-time high record. Doge is so dominant in the market right now, that other coins are losing market share to Doge.
Even in the crypto industry, this means significant gains and profit margins. As the hype behind this meme coin rises with enormous momentum, more and more people are looking to buy Dogecoin. At this point, people are wondering will Dogecoin reach $1' At this point, it seems highly likely. nobody really expected Doge to even reach $0.10 and now it's close to reaching a $1 in value. Crypto markets can be very unpredictable.