TL;DR Breakdown DOGE is rising up as a legitimate cryptocurrency.Vitalik Buterin joins the Dogecoin Foundation.DOGE likely to hit big in the third and fourth quarters. It is not every day when an underdog cryptocurrency makes its way into headlines, and that too, a cryptocurrency that started out as a joke. Dogecoin started off as a meme cryptocurrency that was not going to go anywhere but eight years down the line, and the cryptocurrency has over 81 billion United States dollars invested in it. Well, if that’s not surprising enough, what would be, but as a matter of fact, the Robinhood cryptocurrency trading application recently reported that as many as 62 percent of their traders are on board this bandwagon. Yup, 62 percent of traders using Robinhood have traded Dogecoin in the second quarter of 2021. Let’s dig a little deeper into this cryptocurrency and the possibilities of a new rise in the cryptocurrency arena. On May 4, 2021, Dogecoin marked as high as a 20,000 percent increase in price after it finally broke past the $0.50 psychological barrier. The currency didn’t do much in the earlier years and until 2018 had only 2 billion US dollars invested in the cryptocurrency. Now, years later, and with much support from celebrities including Elon Musk, Snoop Dogg, Gene Simmons, and Mark Cuban, the echo system has over $81 billion invested in the same. Musk is on a personal mission to carry Dogecoin as a cryptocurrency and ...
