News and social media coverage can also drive bitcoin's price. For example, in spring 2021, dogecoin soared to a high of about 74 cents after Elon Musk — who often expresses his enthusiasm for dogecoin on Twitter — announced that he will would host SNL, setting off rumors that he would mention the alt-coin. However, when Musk ended up poking fun at dogecoin instead, its price quickly plunged to less than 50 cents. Is doge on cryptocom Manufacturer: Evike.com
With a Shibu Inu (Japanese dog) as its emblem, Dogecoin advertised itself as a "fun" version of Bitcoin. The informal tone of Dogecoin's presentation suited the mood of the nascent crypto community. Its script technology and limitless supply were used to argue for a speedier, more adaptive, and consumer-friendly version of Bitcoin. Unlock this story and enjoy all members-only benefits. Have a look at our live chart to make sure you are choosing the right moment to sell 14 DOGE with credit card. There, you can see the coin price for 2022, the crypto market cap, trading volume, and other data required to exchange coins with profit.