Source
All of us have seen the hot trend that is Dogecoin nowadays and everyone is either running to buy it or just scared that it can fall any day. There are many interesting speculations around the light coin varying from its going to the moon thanks to its online influencers like The Dogefather Elon musk, Snoop Dogg, Mark Cuban, etc to it still being considered a joke as it was created as a joke by Billy Marks and Jackson palmer in 2013. People still believe that it is a joke and don't want to risk their money in it but on the other hand, we have seen a substantial if not exploding rise in its value and the community itself is trying to push its value to $1.
Influence
The coin is hugely boosted by the meme community as well as many other celebrities. Mark Cuban even accepts it as ticket payments for his basketball club and every time Elon tweets about it the rise becomes as high as 40%, although Elon himself doesn't accept Doge payments for tesla but he announced a rideshare mission to the Moon completely funded by Doge. Around 50 stores in the US accept Doge coin and it is a very effective method of transaction and way faster than Transferring Bitcoin.
Rise
There are many apps that let you buy Dogecoin the second biggest platform coin base with 60 Mn users is planning to add Doge to their list due to which we might see a huge rise again. Other major apps such as Binance allow users to freely trade With Doge and due to the huge diversity we are able to see a substantial rise in it.
The Future
Many people see Doge as a high risk high reward coin and the market is seen to rise as well. The problem however arises when the $1 mark is hit it is speculated that it might lose a lot of value during that time as there are many standards set on the $1 mark and no one seems to care what will happen when that target is achieved.
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