This is because celebrities are endorsing it. Normally dogecoin was invented as a joke cryptocurrency, but a certain man took it up to invest in it and admonished others to do so as well.
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I get a lot of people are taking it seriously because of the influence of Elon Musk and he also made the coin is profile picture on Twitter a few days agoAny 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?
That's true! so many people always want to fall in love with Dogecoin because it gained a lot of support from Elon Musk and Elon is a force to reckon with in the cryptocurrency space.I get a lot of people are taking it seriously because of the influence of Elon Musk and he also made the coin is profile picture on Twitter a few days ago
I hope that the price continues to rise. At the moment, I am not investing in it. There is no enough money for me to do that but I know that the coin is going to do well.That's true! so many people always want to fall in love with Dogecoin because it gained a lot of support from Elon Musk and Elon is a force to reckon with in the cryptocurrency space.