After the recent DOGE rally and Twitter takeover, people still ask, “Is Dogecoin Dead?” So in this week’s Wealth Mastery Altcoin Review, we will discuss the infamously beloved cryptocurrency and why this could be one of Dogecoin’s worst or best years ever.
Is Dogecoin Dead?
Dogecoin has proved to be one of the most resilient cryptocurrencies ever created. Whether you’re a DOGE lover or a meme coin hater, there’s no denying it’s one of the most traded coins of all time. So-called crypto experts like to argue about the future of Dogecoin. What is Dogecoin? Some say it’s nothing more than funny money, while others consider it one of the premier future currencies of the internet. There’s never a shortage of opinions, and this article is no different.
To paint a picture of how mine was developed. My first introduction to the power of Dogecoin was years ago at the Bitcoin Pub. The Pub was a place where like-minded Bitcoin lovers could discuss the power of blockchain technology. Dogecoin was a constant point of interest in the community, initially for the lolz and eventually for its power to stack Sats. Learn more about Bitcoin Dominance. Dogecoin is one of the easiest ways to dip a toe outside Bitcoin. With no one in charge of Dogecoin, its success or failure is based on the people’s will.
The end of this year will celebrate a decade of DOGE trading activity. Showing that Dogecoin is here to stay.
In the beginning, market pairs were based on the three crypto staples. Bitcoin, Litecoin, and Dogecoin captured the most public interest and liquidity. Back then, if an Altcoin fell below 1 Satoshi (0.00000001 BTC), it would be valued in Litecoin. If it fell below 1 Litoshi (0.00000001 LTC), the value would be based on Dogecoin. Because of this, all trading activity flowed back and forth between Bitcoin and Dogecoin. Unlike Bitcoin, Dogecoin has always been one of the fastest and cheapest cryptocurrencies. Making it the ideal solution for transferring funds between exchanges. Where it might cost you $5 to send Bitcoin from one wallet to another, it’s practically free to send Dogecoin. Seasoned crypto traders continue to use this DOGE life hack and save a fortune on transfer fees each year. Despite its beginnings as a joke, Dogecoin is now a serious financial tool. Dogecoin will never die because the internet will never die, memes will never die, and the will to make something from nothing is neverending. Against any and all odds, Dogecoin continues to prevail. Learn more about Dogecoin vs. Shiba Inu.
Can Dogecoin Reach $1?
Despite murky market conditions and times of uncertainty, Dogecoin has always maintained its healthy trading volume. More importantly, it’s been doing this long before Elon Musk was interested in it. Dogecoin has gotten to where it’s at today because of its usage, not because of any one person. Elon may have helped spread the word, but Dogecoin did the rest. The price of DOGE has always correlated to the movements of Bitcoin. If Bitcoin continued its rally past $70,000, we would have already seen a $1 DOGE. With Twitter’s new ownership, it’s hard not to speculate on the potential this carries for Dogecoin. Making it even more likely that Dogecoin will reach $1 before 2025. With a big enough rally, Dogecoin could even reach $1 before the end of the…
Jesse is a passionate seeker of truth who enjoys educating others about Bitcoin.
As a free thinker and 2nd amendment advocate, Jesse believes each individual has the right to monetary freedom.
“The swarm is headed towards us” -Satoshi Nakamoto
