‘Elon Buys Twitter’, Is Dogecoin (DOGE) Still A Major Crypto Player in 2022?

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Dogecoin is a meme coin that was created out of a joke. The creators meant to attack the real coins/alt-coins in circulation then, they didn’t take the project serious. However, the lucky coin, somehow, got a huge community behind it. The communities which were based on Reddit, Pinterest, and the likes, were solidly rooting for the Dogecoin each day that passes.

Like Bitcoin, Dogecoin uses the PoW algorithm. Dogecoin can be mined by anyone anywhere in the world with the least sophisticated computers and equipment.

RELATED POST: Top (Best) Metaverse Cryptocurrencies and Tokens to Trade in 2022 

Crypto trading is one such lucrative venture that pulls a lot of profit in such a short time, and medium like Bitcode Prime provide important opportunities to such traders. Meanwhile, let’s check ‘what has happened to Dogecoin?

What happened to Dogecoin? 

Dogecoin (DOGE) was created in 2013 by Billy Markus and Jackson Palmer, both work for IBM and Adobe respectively. Their aim was not a serious one. They wanted to just make light of Bitcoin’s rapid growth in the digital ecosystem.

To the engineers’ surprise, people started using Dogecoin immediately after it was released to the open market. 

It got the support of Billionaire Elon Musk – who bought heavily into the project. Since the start of 2021, DOGE has added over 14,000% to its initial value. 

Twitter has sparked heavy speculations about the takeover and whatever that means to the world. ‘Elon Buys Twitter’ is beginning to gain wider recognition than anyone could have imagined, and there are ample reasons for that to happen as well. 

The recent data that came from the CoinMarketCap revealed that this token surpassed all others as long as its dominant streak lasted. The chances of making a substantial revenue through it all are incredibly promising as it is a great way for meme creators to earn the desired revenue through emerging digital assets. 

Dogecoin is a pure manifestation of such memes as it is one of the thriving cryptocurrencies that was solely created as a meme which eventually gained unfathomable attention from the mainstream digital ecosystem. 

Now, something similar is currently being witnessed, and ‘Elon Buys Twitter’ has become a lucrative way for people to yield the profuse benefits of the crypto industry.

The prospects of facilitating the users with financial independence are also conveniently higher, especially for the entire community of meme creators. It is undeniably a favorable time for all meme creators to fully showcase their potential in the market and make the most of it at the end of the day. 

Information contained on this article are just that – a piece of information. You should not use this to make financial decisions and we highly recommended you seek professional advice from an authorized expert.

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