Why & How Dogecoin Went 400%

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Are you guys shocked too! How a playful joke became one of the top 10 digital currencies & created a crypto storm all over social media.

People’s interest in cryptocurrency has recently grown to incredible levels, Everyone wants to learn to trade & get started. Earlier Bitcoin was the only attraction for people to start trading but now there are plenty of digital currencies which attract and in which people can invest to generate good profits.

Recently Dogecoin is the one attracting all the people from the world and it is everywhere on social media, yesterday #doge was trending on Twitter in countries like India, UAE, US, UK, etc. It showed a gain of more than 400% in the past 1 week, isn’t it massive? Software engineers Billy Markus and Jackson Palmer created DOGE 2013, the Digi currency was initially meant to be a playful joke which was based on the popular “Doge” meme and now serves as an alternative to Bitcoin. The meme describes a Shiba Inu dog with a sly expression and is expressed as Dogecoin’s logo.

DOGE is no more a joke, its popularity has touched the moon this year. Elon Musk is the one behind the abnormal growth of this crypto, his unexpected tweets to his 50 million followers can make the crypto burst!

A similar thing happened on Friday when Elon tweeted “Doge Barking at the moon” and uploaded a photo of a painting by Spanish artist Joan Miró, which is titled “Dog Barking at the Moon.”

It always has been a question that is it a smart investment or not. As bitcoin is more widely traded and accepted it is extremely volatile, dogecoin also can fall down or gain without warning. Its gain this week has been incredible. The fun fact is after the slow growth of doge its creator Markus sold his all coins in 2015 and used them to buy a Honda Civic.

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