Cryptocurrencies have never been as popular as they are now, with every man and his dog looking to get in on this frenzy. That reference to a dog was intentional, as other than Bitcoin, one of the most popular cryptocurrencies over the past few months has been Dogecoin. Dogecoin was initially started as a joke, an extension of the popular meme featuring a Shiba Inu dog. However, this token has now seen price rallies of such intensity and to such an extent that it is being seriously considered as an asset to invest in. Thus, Dogecoin’s journey from meme to an investment-worthy asset is extremely interesting to follow, and we will try to lay it out here.
Cryptocurrencies have continued their stunning run from last year, and while the likes of Bitcoin and Ethereum have probably got the most attention due to their size and global appeal, there are several others that have also delivered stunning returns for people who got in early. One such coin is Dogecoin, which may have been started as a joke and a meme, but has risen by more than 14,000% just this year, it is certainly not a laugh anymore.
One of the most notable things around the rise of cryptocurrencies over the last year or so has been the influence that various celebrities and influencers have had over the market.
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You just can’t keep a good dog down. Dogecoin (DOGE) is a crypto that proves memes really can come true.