I really do not understand why Dogecoin has gone down the drain despite by portrayed by one of the big whales in crypto. The price should have reached a dollar since but it is trading less than half a dollar.
I will advice you to stick to it,considering the fact that the rate of doge coin is not interesting,you with time it might definitely increase, since mining it is not difficult, continue mining.
When dogecoin was rising I thought this could be the next big coin but sadly, dogecoin is entirely depended on Musk for it to rise. Currently, I do not see any chance of dogecoin going higher.
Initially I didn't like the project, so I have never plan in my life to invest in it because I don't just see the uses and it's needs. it is a cryptocurrency that is controlled by Elon musk and as at now the price is almost stagnant because Elon musk is not available to spike it up.
I believe that donge coin is a potential currency, it do have a future, ever since the world's richest man of 2022 announced that he invested in the coin, many people invested in the coin, leading to it high demand and value.
I believe that dogecoin will continue to rise in price as the market goes. The best thing someone can do is to buy a little volume of dogecoin and hold for a long time. Just invest the amount you are willing to let go in case you don't make profit.
Yeah. Especially as Tesla has approved this as a payment means for products on their site - this might trigger interest in the coin once more.
It has actually been appreciating a bit since the turn of the year though I don't think it would reach that crazy heights.
As long as Elon Musk supports dogecoin, this crypto coin has a bright future. Recently, Tesla announced that it will start accepting dogecoin for its services and products, which increased the price of dogecoin.