Dogecoin has long been considered a meme coin and it started out as a joke in 2013 inspired by the image of the famous shiba inu dog however dogecoin has managed to defy expectations and continue to rise thanks to its strong community and the support of prominent figures such as elon musk.
Recently dogecoin’s value has risen to around 0.35 which has sparked widespread interest in the market and although many view it as an unreliable currency or even a temporary bubble this continuous rise reflects good performance and growing appeal among investors.
What makes things even more exciting is the positive news about the possibility of launching dogecoin etfs which could represent a major step towards its wider integration into the traditional financial system and exchange-traded funds etfs could provide investors with easier and safer access to dogecoin which could drive demand for it to unprecedented levels.
Despite the criticism it faces due to its unconventional nature dogecoin has proven time and time again that it can withstand and influence the cryptocurrency market and with the continued support of its community and positive signals in the market dogecoin may be on the verge of a new leap that will change the way it is viewed.
What started out as a mere joke now seems to be on its way to becoming an essential part of the future of cryptocurrencies and dogecoin is perhaps the best example that even the most outlandish ideas can succeed if they find enough support and interest.
Finally someone write about it
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@panosdada(7/15) tipped @cristina-zac