Why are people taking Dogecoin seriously?

[eLdavis]

This year 2022, anything can happen, the more the rich invest in any crypto currency the more it gains value, it could be dongecoin, lite coin or any other, once there is high demand for the coin, it becomes more valuable.

That's true though, I am having my hopes up on doge and Tron. These days no one actually talks about Tron again, it's more like they have completely forgotten about Tron.

 

[Popular]

Actually for now i do not know why people take dogecoin very serious but as of them when Elon Musk invested in dogecoin, it was more valuable.

 

[Kelly5]

Doge coin is a cryptocurrency. Wether you call it a meme coin or whatever, people are making money off it's price fluctuations like any other cryptocurrency out there. The buzz about the coin gained more attention because of Elon musk involvement as well

 

[jordans]

Such measurements make anybody getting into the advertise nowadays need to require Dogecoin genuinely. Not as it were will this deepen its liquidity, but it'll too drive up its cost energy going into long run. The utilize of cryptocurrency has gone past simple hypotheses due to this more individuals are getting involved profoundly both for exchanging and holding. Aside the standard buying and offering of cryptocurrency for potential picks up which may be a huge advantage of the benefits inferred from cryptocurrency, as a cryptocurrency exchange choosing on which crypto coin to select from can be truly troublesome, I too prescribe that you just contribute in benefit companies.

 

[joy101]

For me I have never invested my money into dogecoin because I don't really understand the market as much, and I don't really know the coin is increasing in the market.

 

[Robust]

People took Dogecoin serious then because famous people like Elon Musk invest on Dogecoin some time back and that really makes the coin to become more valuable and worth it.

 

[Shigobad2020]

The current price of dogecoin is $0.068 and i don't see a reason why people should be linning up for dogecoin when the price is actually depreciating instead of appreciating.

 

[Bigron]

Any individual who is investigating digital currency should realize that Dogecoin is a Memecoin and was produced for humor and to be carefree. It was never expected for genuine use; truth be told that is the thing that gives the coin it's force. Since the coin is based around a meme it has pulled in many individuals on Reddit. The Dogecoin community has generally been known for their humor, their liberality and their feeling of fun. This is the thing that gives the coin it's force. It's likewise the coin's shortcoming.

So this sudden craze about a MemeCoin is what I don't understand, anyone have any explanation?

People have been taking it seriously because of a particular American billionaire’s endorsement of the coin. Elon Musk is one of the richest men in the world and his remarks about dogecoin directly influenced the market with the value increment

 

[Laurentta]

I don't have any explanation as to why people are taking dogecoin seriously. At first, i actually thought dogecoin was a serious coin until i later discoved it's a meme coin

 

[Syldan]

Well for people to take a particular coin very serious in terms of investment, I believe they might have discovered some potentials that has been favourable for them to invest into.

 

[Danny4cash]

Dogecoin started gaining ground after Elon myusk tweeted about it. There are insinuation that the coin is owned by Elon Musk. After Elon Musk tweeted about it, a lot people started investing in the coin because they believe that the coin would be special for Musk to tweeted about it.

 

[Alisco]

It was earlier that people invest largely in Dodge coins thinking the feature is stocked in not until now they realize that it's dropping drastically and coursing a downline breakage

 

[Mighty]

Well I don't know much about this but I think People are taking the Dogecoin seriously because the main thing that separates Dogecoin from most other cryptocurrencies is that it is an inflationary, rather than deflationary, cryptocurrency. And the coin is still rising.

 

[Joseph555]

Since the coin is based around a meme it has pulled in many individuals on Reddit. The Dogecoin community has generally been known for their humor, their liberality and their feeling of fun. This is the thing that gives the coin it's force. It's likewise the coin's shortcoming.

 

[Skysaint]

Am actually not taking any version of that very coin seriously although you never can tell what would happen next in the cryptocurrency market. But the coin made me lose so much that I have backed out totally from it.

 

[Connor909]

despite being a joke cryptocurrency at the beginning. First off, the expansion of the cryptocurrency market as a whole has made it possible for more people to accept virtual money, especially meme cryptocurrencies like Dogecoin. Additionally, Dogecoin has gained more recognition and validity thanks to the backing of well-known figures like Elon Musk and Mark Cuban. Last but not least, Dogecoin's vibrant and active community has contributed to the currency's perception of legitimacy and credibility, attracting more investors and raising its price.

 

[Monster Masterpiece]

despite being a joke cryptocurrency at the beginning. First off, the expansion of the cryptocurrency market as a whole has made it possible for more people to accept virtual money, especially meme cryptocurrencies like Dogecoin. Additionally, Dogecoin has gained more recognition and validity thanks to the backing of well-known figures like Elon Musk and Mark Cuban. Last but not least, Dogecoin's vibrant and active community has contributed to the currency's perception of legitimacy and credibility, attracting more investors and raising its price.

Everything on his beginning starts like a joke then it becomes like a serious project and supported in so many wallets, investment, earning sites means these are the beginning only but after that either coin is dead or it continues to increase.

 

[Mayorla]

The hype is making a lot of people take Dogecoin seriously I think. That coin has been over hyped severally. Doge coin is a joke to me, but most people believe It can make them Rich so there reason for taking it seriously.

 

[Yaqoob Habib]

Any individual who is investigating digital currency should realize that Dogecoin is a Memecoin and was produced for humor and to be carefree. It was never expected for genuine use; truth be told that is the thing that gives the coin it's force. Since the coin is based around a meme it has pulled in many individuals on Reddit. The Dogecoin community has generally been known for their humor, their liberality and their feeling of fun. This is the thing that gives the coin it's force. It's likewise the coin's shortcoming.

So this sudden craze about a MemeCoin is what I don't understand, anyone have any explanation?

Dogecoin is a coin whose value is too low now but in a very short time its value can increase a lot due to which people want to invest more and more in it.its price was very low, but in a short time its value has increased, due to which most of the people are inclined towards dogecoin.

 

[Planbizzle]

Any individual who is investigating digital currency should realize that Dogecoin is a Memecoin and was produced for humor and to be carefree. It was never expected for genuine use; truth be told that is the thing that gives the coin it's force. Since the coin is based around a meme it has pulled in many individuals on Reddit. The Dogecoin community has generally been known for their humor, their liberality and their feeling of fun. This is the thing that gives the coin it's force. It's likewise the coin's shortcoming.

So this sudden craze about a MemeCoin is what I don't understand, anyone have any explanation?

Dogecoin is built using the identical technology as Bitcoin along with numerous other cryptocurrencies, and its creators have worked tirelessly to update and enhance its features. All of these facts have led many people to consider Dogecoin as a real investment possibility.