Dogecoin is soaring up and the identity is everywhere right now – so people can no longer ignore it.
According to Coin Metrics, the price of Dogecoin increased by nearly 40% on Tuesday.
This might not sound like a bit of good investment advice but with the mouthwatering jumps in seconds, there is no better time to invest in Dogecoin than now.
After Bitcoin, Ethereum, and Binance coin, Dogecoin is next with a market value of $69 billion, rendering it the fourth-largest cryptocurrency.
It is increasing by one cent per second, hitting an all-time high per minute.
The rally is the latest in a series that has seen the cryptocurrency’s valuation rise by more than 600 percent in just a few weeks and more than 11,000 percent since the start of the year.
The coin is currently valued at about 68 cents, which is a new high.
While recommendations may have been spelled outpointing the risk involved in this late investment it might interest a good investor to know that there’s nothing so much to lose considering the low price in cents at stake.
In plain, Dogecoin is not going to back down anytime soon. I don’t see a dip in two weeks from now, and it might be hitting close to $10 if a dip doesn’t occur for so long.
A number of factors have influenced the Doge market, including high-profile endorsements and an internet following of institutional buyers hoping to drive the coin’s price to $1.
The Dogearmy properly so-called is indeed a united force of working-class individuals who are looking to invest their earned penny and get it to multiply.
And these guys, everywhere, are not willing to let go until they turn $5 investment into millions.
Elon Musk, the CEO of Tesla, tweeted at the end of April, “The Dogefather SNL May 8,” referring to both the coin and his forthcoming hosting gig on “Saturday Night Live.”
Musk has stated that his tweets about dogecoin are intended to be jokes.
Mark Cuban, the owner of the Dallas Mavericks basketball team, made several tweets in favor of Dogecoin at the same time.
“As long as more companies take doge for products/services, then Doge can be a usable currency because it MAY hold its purchasing value better than a $ in your bank,” Cuban said in a May 2 tweet.
“If interest rates skyrocket or the amount spent falls or stagnates, so will Doge. Yes, a joke is now legit.”