In 2021 the most famous and hyped coin is Dogecoin, which came out just as a joke named after Shiba Inu Dog from the 'Doge' meme. Dogecoin is a cryptocurrency invented by IBM software engineers Billy Markus and Jackson Palmer, who decided to create a payment system that is free from traditional banking fees. It was introduced on December 6, 2013. After receiving so much fame Dogecoin holds more than $50 billions market value. Undoubtedly the value is still on a rise.
For an unknown reasons, Dogecoin is receiving so much support from a billionaire Elon Musk. He has recently tweeted the benefits and supported Dogecoin on twitter, which helps the Dogecoin to gain trust from investors and individuals. Whenever Elon Musk tweeted Dogecoin, the value of Dogecoin per Dollar increases, this shows the full support of Elon Musk on Dogecoin. Still the reason is unknown, why Elon Musk is supporting Dogecoin?
Now most of the large companies planning to accept Dogecoin payment method, which is a great symbol of success in market. This will add an importance in the circle of payment methods of the world and will make humans to concentrate on a trustworthy crypto like Dogecoin.
After gaining trust and getting inspired by Elon Musk tweets, I have invested in Dogecoin. In the beginning I wasn't sure if Dogecoin is worth enough to invest, but the rising market of this coin has gain my trust and confidence. I have invested a very small amount in Dogecoin due to lack of funds, but still I am struggling to invest more at current market price. To newbies investors I will recommend to start with Dogecoin, because loss is less than the profits we can gain. Dogecoin can be a gamechanger in the world of crypto and investments.
