Dogecoin (DOGE)

Despite starting as a meme, Dogecoin price grew well over the years with community support. In the early stages, Dogecoin did not undergo any significant price changes. Dogecoin price hit an all-time high of $0.018773 on 7 January 2018 and the correction took place throughout the year. Dogecoin price in 2019 lied between $0.002 and $0.003. In the first half of 2020, Dogecoin acted like a stablecoin and did not go through any major fluctuations. DOGE price during this period was in the range of $0.019–0.002. A massive bull-run was triggered at the beginning of July taking the Dogecoin price to $0.00542.Five years from now, Dogecoin price will reach new heights and one DOGE will be traded at $0.04 or $0.05. The famous slogan, “To the Moon”, by the Dogecoin community may come true in the future and in the long run, we may see Dogecoin price reach a dollar or two.

In 2013, Billy Markus and Jackson Palmer made a bold move by announcing Dogecoin. The name and logo was adopted from a famous Internet meme Doge, the mascot of which is a Shiba Inu. Dogecoin is similar to Bitcoin and stores a record of all the transactions on the blockchain. The trading ticker of Dogecoin is DOGE and new coins are produced through mining.Dogecoin became very popular in the crypto community and their support kept the cryptocurrency alive. Members of the community call themselves “Shibe” and they are super fun to converse with. The community also raised money in many cases to support a good cause. Dogecoin goes with the slogan “To the Moon” and it’s also the favorite cryptocurrency of Elon Musk.