How Dogecoin (DOGE) Went On to Become a Top Digital Asset From A Funny Meme

The crypto market is bound to evolve over time. When you take a step back to the last few years, you’ll find that of the top coins have tremendously evolved. From BTC to ETC and BCH all digital assets have evolved in the past few years. It is important to point out that despite the type of dominance maintained by Bitcoin, Ethereum and XRP, several altcoins have also emerged successfully. One example of such digital assets is Dogecoin (DOGE).

Dogecoin Price Prediction 2019: Dogecoin (DOGE) Has Turned Out to be a Top Project

It is no secret that Dogecoin has turned out to be a successful project. It was initially created for fun but it has become an epic project on its own right. The creators of Dogecoin Billy Marcus and Jackson Palmer formed the virtual currency as a light-hearted fun coin that could be more appealing than what the regular crypto audience anticipates. The coin came off a Litecoin (LTC) fork that was implemented in December of 2013.

Dogecoin is built on a strong foundation. It has had an ‘X factor,’ something that has been missing in other altcoins. Technology and crypto enthusiasts globally have started to appreciate DOGE. Also, the price of Dogecoin saw a major boost earlier this month, when the founder of Tesla and SpaceX Elon Musk revealed that Dogecoin was actually his favorite crypto.

Dogecoin Price Prediction 2019: Elon Musk Dogecoin Reveal

Though not directly involved in cryptocurrency, Elon Musk dogecoin has had strong opinions about cryptocurrencies. He has critical about crypto and been vocal about his views on digital assets on social media. Therefore, such form of appreciation coming from Musk must have given the price of Dogecoin a big boost.

But that is not the case. The Dogecoin Foundation has been effortlessly implemented initiatives for increasing the Dogecoin use. Despite the bearish season which has plagued the markets in 2018, Dogecoin has managed to gain a significant amount of ground when it comes to adoption and accessibility. The token may have been severely hit last year, now it’s showing signs of a recovery. Since late November 2018, to now DOGE has been stable. Now it’s rising.

Dogecoin Price Prediction 2019: Why Dogecoin (DOGE) Can Make a Profitable Investment

Since 2019, cryptoanalysts have predicted that Dogecoin will enter a gaining spree this year. Many expect the digital asset to become a profitable investment. W

Here are several significant activities that have made Dogecoin one of the preferred cryptocurrencies:

– Partnering with crypto payments platform Bitrefill. The objective is to allow users to pay Dogecoins when booking flights on Airbnb.

– Dogecoin’s listing on ICE (Intercontinental Exchange). This move gives Dogecoin a significant boost when it comes to exposure.

– Dogecoin was listed by ParJar bot on Telegram App for tipping. Crypto tipping has become a growing trend which automatically makes this partnership a great move.

– Dogecoin entered the ‘elite’ space after it was listed on Huobi. This also significantly boosts its exposure. Gives a glimpse into Dogecoin’s intentions when it comes to sustainable growth.

Dogecoin Price Today

Dogecoin is trading at $0.002739 at press time according to Coin Market Cap. It ranked 26 among the most valuable cryptocurrencies. For individuals looking to make long-term investments in cryptos, Dogecoin may be the ideal choice.

Brian Lubin is a Crypto News Reporter for Smartereum. He's well-known for his reports on the crypto markets.


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