Dogecoin was established in 2013 since there the price of this coin went down and down in those days. There wasnt any up in the price those days. In those days peole didnt took it very seriously it just began to run as a meme. People were making a lot fun about the coin Dogecoin.
Now, Recently people have started to look up to this coin to invest in. Now there is a big pump comming to the dogecoin because of only one thing. That is Mr. Elon Musk. For the people who dont know about him he is the richest person and he has that power to influence to the world.
Elon simply just twitted saying that " Dogegoin is the people's crypto " and this crypto just pumped out of nowhere. After this tweet dogcoins market went up by 1100%.
The price of dogecoin in near future cant be predicted no one in this world can perdict this except Elon Musk. If he tweets more about the crypto then there is high chance of going up. He even twitted that Dogecoin is better than Bitcoin. And because of that there is more pump in the price.
So, How and when to invest in Dogecoin?
If you want to invest in dogecoin then only focus in Elon Musk's Tweet. Just turn on notification for Elon Musk's Tweet then you will know when he has twitted about this coin. And for the beginners I would suggest you to buy the doge coin immidiately when he tweets about Dogecoin and most importantly sell it within 2-3 hours of the tweet.
There is no anylisis about this. Its simply a risk taking, You can makea hell amount of money also you can loose the same amount so it depends upon your risk.
More about Dogecoin,
As we know that bitcoin is limited amount i.e 21 million bitcoins. But in case of Dogecoin, There are about 100 billion Dogecoin in existance. And every year 5 Billion new Dogecoin are minted.
The main goal of Dogecoin is to raise its value to $1. For this they have made a community and they are buying this coin and have planned that until it gets value of $1 not to sell it before.
Why are people investing in Dogecoin?
The main reason for this investment is people are noe looking it as investment its about community and its culture. Those people who are investing in Dogecoin are forming a community and this community creates many initiatives.
For example a Jamaicain Team BOBSLEIGH were qualified in winter olympic, but there were no money for them to travel. Their Dogecoin community donated the amount of $50000. So with that amount they went to Winter Olympics. They have also helped many players in the olympics.
Also, in a country like Kneya, There is limited supply of water, they have helped those people also.
In conclusion, This is a crypto currency and its price wont be fixed for a long time, So Invest in your own risk.
