Dogecoin is one of the most popular cryptocurrencies in the world. At the time of writing this article, it is in the top 30 according to Coingecko. It was invented in 2013 by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system that is instant, fun, and free from traditional banking fees. At the peak of the 2017 to early 2018 Cryptocurrency bubble, Dogecoin briefly reached a peak of $ 0.017 / coin on January 8, 2018, with a total market capitalization of USD 2 billion. In July 2020 the price of Dogecoin spiked following a TikTok trend aiming to get the coin's price to $1. DOGE is becoming more and more popular and recently with the help of Elon Musk who twitted about it.
What's next ? Recently, we can see that Dogecoin is still gaining more in excess of 100% growth in a week.
In my opinion, it's worth taking a risk investing in DOGE right now, if Elon Musk is really serious about this currency, who knows what value it will reach in the coming months ...
What are your opinions about Dogecoin?, Will it reach 0.2$ in following months ? Never say never, the world of cryptocurrencies has proven much more than once that everything is possible.
