The year 2020 is the year of crypto and as well as 2021, when the world is hit by the covid-19 pandemic and the market is going down, cryptocurrency rises. 2021 is the year of Altcoins (other than bitcoins) like Ethereum, Binance Coin, Ripple, BAT, Polkadot, Litecoin, and who can forget Dogecoin, all these coins rise like a boom.
What is Dogecoin?
In 2013 a cryptocurrency name Dogecoin (Code- DOGE, symbol- Ɖ) was invented by 2 software engineers Billy Markus and Jackson Palmer. It features the Shiba Inu Dog (a Japanese dog breed) face.
How do you pronounce Dogecoin? – some people say dog or doggy, but the correct pronunciation is “Dojh coin” according to the co-founder of Doge Billy Markus.
Dogecoin is a peer-to-peer digital currency, started as a joke parody of Bitcoin, with no real purpose just for fun, but DOGE is no longer a joke in 2021. People are crazy about DOGE in 2021 because of its rapidly increasing price and famous entrepreneur and world richest person Elon Musk is also promoting Dogecoin through his tweets.
Dogecoin market cap. is increasing day by day currently it is $86 Billion, with a total circulating supply of 129 Billion DOGE. It is the 4th top largest cryptocurrency by market cap. As of 5th may Doge price is around $0.70 (nearly 56 INR) which is an all-time high. No doubt Doge is one of the best altcoins for people because, in a short span of time, its price surges make it people’s first choice altcoin.
Why is Dogecoin going up?
Well, maybe most of you know the main reasons behind Dogecoin price rising is the CEO of Tesla and SpaceX Elon Musk. Every time when Mr. Elon Musk tweets on Dogecoin its price surges rapidly.
On Feb 4, 2021, Elon wrote in his tweet – “Dogecoin is the people crypto” and this tweet in favor of Doge price surges by 75%.
Same on Apr 15, 2021, Musk tweet a picture “Doge Barking at the Moon” and by this simple tweet Doge jump by 68% recorded.
And recently on Apr 28, 2021, Elon Musk Tweet “The Dogefather SNL May 8“, and after that people are talking about it and take it as a right sign. On 28th April Dogecoin price is around $0.26 (nearly 20 INR) and on 1st May the prices surge to $0.36 and recently on 4th May 2021 the Doge price is $0.58 (nearly 48 INR) and on 5th May the price touches new high $0.72 (58 INR) which is an all-time high.
SNL (Saturday Night Live) is an American comedy show where Artists, Actors, and Comedians get together and perform a short comedy sketch on current time ridiculous topics. Lets wait for 8th May and see how Elon on SNL made an impact on Dogecoin.
Dogecoin Prediction in 2021
There are many predictions about Dogecoin price by different sources and people some say it will touch $1 by the end of 2021, and it looks like it will achieve the target soon as we saw a huge price surge at beginning of May 2021. And Doge’s prediction for 2022 will be near about $2. It is one of the best altcoins and the first choice for many crypto investors because of its huge rallies in a short period of time.
How can I Buy Dogecoin?
There are many Cryptocurrency exchanges worldwide through which you can buy Dogecoin easily.
and many others.
If you want to Buy Dogecoin in India in INR –
There are many Best Cryptocurrency Exchanges in India where you can buy Dogecoin and others Cryptocurrency.
- CoinSwitch Kuber