Are people in love with Dogecoin Dogecoin may become the people's coin. It has been brilliantly marketed in obscurity giving little reason for seasoned investors to give it a second thought. However, this tell-tell sign may be exactly what the inventors of the coin were actually hoping for. Doge was supposed to be a meme of the crypto market hailing its hasty rise as an inevitable collapse. But maybe its creators had the complete opposite in mind for Dogecoin. With Big brother Bitcoin hovering around $60,000 per coin Doge appears to be out of its league. But the devil may be hidden away in the details Bitcoin has a finite amount of digital currency cap of 21 million coins. While Dogecoin has 129 billion coins in circulation and will continue to make new blocks of coins available to mine each year. So, you can get in and actually ride the wave of Dogecoin.
With celebrity endorsement, Dogecoin could actually be ready to take flight. Many investors are looking to get in while the getting is good. Mark Cuban announced that his organization would be accepting Bit Pay for the purchase of merchandise as well as basketball tickets. The Houston Rockets organization followed suit echoing those sentiments. With brands quickly lining up to endorse crypto currency things are about to get a little wild. However, with heavy government regulations, cryptocurrency is an intangible asset you cannot take gains or increased value for it.
The marketing behind Dogecoin is quite remarkable they have managed to secure some top-notch endorsements which are bringing a lot of attention to the coin. While big brother Bitcoin used to be the crypto giant and still is Dogecoin could be nipping on its heels so to speak. Dogecoin hit a high of 60 cents then retraced down to 53 cents. And as if on cue the infamous Robinhood trading platform which always has some issues when a stock gets hot, is somehow not up right now, who could have seen this coming, LOL 😂. If Dogecoin is the meme of crypto what is the Robinhood trading platform the meme of, LOL. I will let you decide that one, ha-ha.
If you are one of the brave souls who have shares in Dogecoin you are dancing a jig at this moment. With all the news coming in it looks like a really good time to clear out some underperforming assets and probably put a little into Doge. If you have been living under a rock and with where society is at, as a whole that scenario could be plausible. Then you know that Elon Musk will appear on SNL on May 8, about four days from now. As one of the wealthiest people in the world, with gobs of influence, Elon will make a major announcement 📢 could it be about Dogecoin. If it is the currency could go through the roof when trading resumes and confidence will be at an all-time high.
Many have been awaiting Elon Musk's approval and full endorsement of the coin and it seems some other celebrities have beaten him to the punch. Is this yet another fiendishly clever ploy by the elusive and clever crypto meme. Whatever is coming the world will find out on May 8. The crypto market and the world may be in for a wild ride and Elon Musk could be in the driver's seat.
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