[ad_1]
Cryptocurrency markets around the world have evolved tremendously in recent years. Although the dominance of Bitcoin and Ethereum remains largely unchallenged, several altcoins have emerged successfully, prompting people to rethink e-money.
At the time when Bitcoin and other primitive crypto-currencies have been the subject of large-scale speculation, their prices have skyrocketed, with Bitcoins reaching thousands of dollars each. This made it extremely difficult to use these pieces in everyday life. This is where more pieces have appeared, filling the huge gap in usability created by Bitcoin and Ethereum.
One of those currencies that has become very popular among the mbades is the Dogecoin, which was created for pleasure but has proved to be a true epic. Billy Marcus and Jackson Palmer created the dogecoin as a fun and playful piece that could please beyond the usual crypto audience. It was a range in Litecoin set up in December 2013.
Dogecoin, however, had solid foundations and had some "Factor X" which lacked other altcoins. Technology and cryptography enthusiasts around the world have begun to appreciate the digital token. However, the big boost came earlier this month, when Elon Musk, founder of TesX and SpaceX, announced that Dogecoin was his favorite cryptocurrency.
Dogecoin could be my fav cryptocurrency. It's really cool.
– Elon Musk (@elonmusk) April 2, 2019
Although not directly involved, Musk has always had strong opinions about Bitcoin and other crypto-currencies. He made his point of view on social media, which is sometimes critical, and therefore such an appreciation on his part has greatly stimulated cryptocurrency.
But it's not that. The Dogecoin Foundation, the governing body of the pledge, has made considerable efforts to increase the use of cryptocurrencies. Despite the bearish trends that have affected the markets throughout 2018, Dogecoin has managed to gain ground in terms of adoption and accessibility. Although the chip was hit hard in the last year, it showed signs of recovery in late November and since then it has been more or less stable.
Since the beginning of 2019, experts and badysts of crypto-badysis have repeatedly predicted that Dogecoin will be in full swing this year and could be a profitable investment. Here are some important activities over the last few months that have made Dogecoin a crypto-currency:
- It has partnered with Bitrefill, a crypto-payments platform, that would allow users to pay Dogecoins to book flights on Airbnb.
- Dogecoin has been listed on Intercontinental Exchange (ICE), which also owns NASDAQ. This gives Dogecoin a major boost in terms of exposure.
- Dogecoin has been added by the ParJar robot for tipping the Telegram application. Cryptographic tips are a growing trend among users, making it a big step forward strategically.
- The digital token entered the "elite" space by registering on Huobi Crypto Exchange. This gives it a better reach among the traditional crypto audience.
- Dogecoin and Huobi go together to help Grateful Dog Rescue, a canine rescue and shelter organization. This gives an insight into the intentions of the cryptocurrency for sustainable growth.
Dogecoin is currently ranked 26th and is one of the less than $ 1 chips on the market. Dogecoin is a perfect choice for those looking for long-term investments in cryptocurrencies.
[ad_2]
Source link
