Since the beginning of the hype towards Dogecoin last year, I have always wanted to ape in. According to my little research, the only info I got was that Dogecoin was created as a meme to mock bitcoin. The hype was going to be a matter of pump and dump. I got scared of investing, and Elon Musk’s involvement in the project gave me mixed feelings. For a second I thought Elon Musk got involved because he was bored and just wanted to play around with some meme and he decided to do it financially.
So far Dogecoin is looking like a project that might be worth it in the future. Elon Musk is currently working with the development team to make Dogecoin transactions easier and cheaper. Elon Musk also made Dogecoin a means of payment towards funding the next Space X shuttle.
In February,2021 Elon Musk announced he had bought Dogecoin for his son X Æ A-Xii. He came on Twitter to post "Bought some Dogecoin for lil X, so he can be a toddler hodler" along with a video of his son. Recently a Twitter crypto influencer who goes by the handle greg16676935420 posted a picture with Elon’s baby saying he is a Dogecoin whale. Elon replied saying the son is not selling.
With these little knowledge I have on Dogecoin, I decided to buy some Doge and yeah I bought based on FOMO. I have no regrets. My next project I will like to get involved with is HEX. Read Why HEX Price is Rising & Discouraging Dips