Memes & Crypto

Maybe Dogecoin started off on the wrong foot. That decision to launch the coin logo based on a meme may have been a mistake.
The lack of seriousness that he transmitted, prevented the eyes of large investors from settling on that.

Perhaps we should remember that the MEME sensation constitutes since its launch, a massive phenomenon, which at first glance, does not seem more than simple graphics with funny content, however, they represent one of the most used forms of expression today, and that is something that It cannot be ignored or underestimated, since it is a concrete event that occurs on the web and of which millions of users are part.

Perhaps based on this premise, the creators of Dogecoin bet on its success. Although they did not say that no one would be willing to risk their money, in the image of a smiling dog.

At the root of everything, we must accept that this is one more cryptocurrency, which has, or can have, the same applicability of any other crypto.

Adoption

What makes a cryptocurrency more valuable? The level of adoption.

The first great historical rebound in its value had it in January 2018, reaching $ 0.01.
In mid-April 2021, I had a never before seen increase climbing from $ 0.006 to $ 0.04 in less than a week.
Today May 6, 2021, Dogecoin reached the value of $ 0.61. A whole record.

In this case, a project like Dogecoin, which went so many years without being supported by anyone, had a revival that began with a tweet from Elon Musk.

This caused many eyes to settle on Dogecoin and now it may have the support it never had from users, demonstrating in turn that market volatility can often be influenced by speculation and that an important turn can always occur by turning the balance. in favor of those who least expect it.