According to many cryptocurrency experts and enthusiasts, this year might finally be the best year to invest in digital coins. Following the general trend, it appears that Dogecoin, a cryptocurrency that was first created as a joke with a Shiba Inu dog as its mascot, is going to go big in 2021.
Here are some of the reasons why you may want to put your money with this one as soon as possible, at least according to predictions.
Dogecoin to go big in 2021
Within only two months, since the beginning of this year, Dogecoin has seen an outstanding increase of 758.081%. From a price of just $0.0099, it hit $0.08495 on February 8.
As you probably already know, this crypto has been on the market for a few years but everything indicates that 2021 might finally be the year that it begins its bullish run.
This incredible recent rally is one of the biggest reasons to believe what crypto enthusiasts have said and repeated for months.
The so-called “meme cryptocurrency” is popular
Nicknamed “the meme cryptocurrency”, Dogecoin has gained a lot of popularity throughout the years from normal people and celebrities alike. Elon Musk is one of the high-level celebrities who have endorsed the Shiba Inu crypto coin in tweets, making it explode and having a surge of 300%. Famous American rapper Snoop Dogg also expressed his interest in Dogecoin and even changed his name to Snoop Doge after tweeting the famous meme with the Shiba Inu dog.
Dogecoin is unique
Dogecoin also has some unique features that might make it the new talk of the town.
At first, it was created as a joke inspired by the doge meme that was popular at the time.
Also, because it was created as a fork of Litecoin which is also a fork of Bitcoin, Dogecoin shares some characteristics with the most popular cryptocurrency in the world.
Additionally, Dogecoin appears to be more profitable for traders than other crypto and it has faster blocks than Bitcoin.
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