Cryptocurrencies around the world, including bitcoin, have been seeing a decline since the start of the new year. Barring a few cryptocurrencies, the prices of most have come down. Dogecoin declined on Friday. Its price declined by 1.46 percent and its value declined by Rs 0.17 to Rs 11.20. At this price, the market cap of the Dogecoin cryptocurrency has come down to Rs 1.4 trillion. Dogecoin, one of the top 10 cryptocurrencies in the world, was estimated to cross one dollar by the end of 2021. But now that the year is over and 2022 has started, crypto experts predict that this new year will see a sharp increase in its price.
Its value will be more than one dollar by 2025
A panel of experts has shared their price forecast for DodgeCoin at the end of the year as well as in 2025 and 2030. By the year 2025, its price can reach $ 1.21 i.e. Rs 90.75. At the same time, by the year 2030, it can touch the level of $ 3.60 i.e. Rs 270.
This digital currency quickly gained popularity
Elon Musk, the chief executive officer (CEO) of electric car company Tesla, posted several tweets on social media that dogecoin is his favorite coin. This made this digital currency increasingly popular. Many famous personalities have invested money in it, so its popularity has increased rapidly. On February 9, 2021, the price of Dogecoin suddenly increased by 31 percent. Then Elon Musk and famous rapper Snoop Dogg tweeted about it. In the clubhouse in early February, he also said that Dogecoin is arguably the currency of the future for the whole earth.
What is Dogecoin?
Dogecoin (DOGE) is based on an internet meme and has Shiba Inu on its logo. This open-source digital currency was created by Billy Markus of Portland and Oregon and Jackson Palmer of Sydney. The creators of DodgeCoin envisioned it as a fun, lightweight cryptocurrency that would appeal more to the core Bitcoin audience than it was based on the Dodge meme.
This is the process to buy dogecoin
You can get your dogecoin from the dogecoin faucet. Dogecoin faucet is a website that will give you a small amount of dogecoin for free as an introduction to the currency, so you can start a conversation in the dogecoin communities. You can buy or sell DodgeCoin on any exchange that offers digital currency, and store it on the exchange or in a DodgeCoin wallet.
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