Chiba Dog Cryptocurrency Coin Many people say that it is a worthless coin. But, good day, the power of the meme and the netizen brothers send it to the price to jump a thousand times. So, make a profit for many people like the moon! That’s right; we’re talking about Dogecoin, a cryptocurrency. Since mid-April, Dogecoin’s price has rebounded from around 3 baht to a base of 15 baht. Although cryptocurrencies are not legally regulated currencies, they are not legally regulated. And we have to understand that most cryptocurrencies are now traded as mutual valuations of investors, without traditional assets or the performance of coin-capital firms like the stock market.
As Stated by Bitcoin Code the initial idea of ??digital assets is to cut off intermediaries to create equality and transparency in the financial world. And auditing various transactions by technology and computer is also a matter to watch because digital assets may play a vital role in the future of global finance, while Dogecoin is now trading in the hundreds of billions of dollars globally today. So today, let’s get to know Dogecoin and its value path so that you won’t be disappointed! But, of course, this is not investment advice at all.
Chronology of Dogecoin Value
December 2013:
The critical event after its launch was Dogecoin’s price surge of 300% in 72 hours (from $0.00026 to $0.00095), as Bitcoin and other major cryptocurrencies appeared. After that, China banned commercial trading banks.
2017-2018:
This era may be considered a dark era for investors as in the crypto bubble-era; the Dogecoin price spiked to $0.018 with a $2 billion market cap at the end of 2017.
But it fell sharply in 2018, along with other coins, following a massive sell-off from bitcoin coin maker Satoshi Nakamoto.
2019:
Dogecoin Value Returns after Market Recovers Ready to be listed on Binance, the crypto trading board the largest in the world.
Another essential character, Tesla owner Elon Musk, also appeared in this era. He tweeted that “Dogecoin is his favourite digital currency, and it is so cool” that the coin started to catch the eye of investors around the world.
May 11, 2021:
Elon Musk came out to tweet a message at around 3 PM (Thai time) and set up a poll asking for the opinions of Twitter users. “Would you like Tesla to accept Doge payments?” over half said yes to this proposal. Of course, this caused the Dogecoin and crypto markets to fluctuate again and again. All of them are the Dogecoin growth timelines that we’ve tried to put together. One fantastic thing is as of early January 2021, Dogecoin’s value has grown more than 12,000%.
Of course, although enormous, the figure also tells us the ‘inflation’ and ‘bubble’ of this market. Some economists have even voiced concerns about the Dogecoin coin market, describing it as a ‘bubble over bubble’. Because coins are produced every day, there is no limit. Prices have been pushed up by celebrities as Elon Musk tweeted about it repeatedly, and people poured their money into short-term speculations in the hopes of making a profit. The risk is, therefore, high as well.
Let’s go back to the beginning when Dogecoin was accused of being a worthless coin. Until they say it’s a rubbish coin because this issue is also about the inflation of coins. In the world of cryptocurrencies, the coin was so popular. It’s because the company owns the coin. There is an exciting development project behind the coin. By saying that it can be a practical technology in the future (It is said in the industry that it is a good base coin) and has released a limited number of coins to trade, for example ETH token with intelligent contracts for people to develop blockchain can do other business on the network Hundreds of partners
Conclusion
However, Dogecoin has not had a substantial development project from the start. Elon Musk also spotlighted the coin, and investors called it a spinning coin. So whether to ride or not is a matter of continuing to decide. Because from May 9 last Elon Musk’s ‘DOGE-1 Mission to the Moon’ Satellite Project Says Dogecoin Will Be the First Space-Based Currency And today (May 11, 2021), Elon Musk opened a vote asking him to use Dogecoin to pay with Tesla. So how much will these events build the dog’s credibility from now on?
