DogeCoin is here for a while now. If you don’t know the history of it. The developers started it as a fun mere coin in 2013 and now it’s one of the most popular coins.

What’s the reason be behind DogeCoin Popularity?

One of the biggest reasons, I believe is that the coin is affordable to the general public. Social influence and affordability make it popular And without a doubt it will stay here for a long.

One of the major factors affecting its price is tweets by a single man, As you can see Elon Musk tweeting from time to time.

It’s inevitable pic.twitter.com/eBKnQm6QyF

— Elon Musk (@elonmusk) July 18, 2020

This is one of his old posts he replied to on April 16 made a huge impact. Is this that simple?
No, it’s just one of the major factors.

DogeCoin is an easy to adapt cryptocurrency that made it popular among normal people, And the community of Dogecoin is rising day by day.
At the time I am writing this post there are 1.4M members on its Reddit community. And almost 42.3k online, that’s some crazy numbers.

This made more companies use it as an initiative to ride on and Market their products. It’s not a bad thing as it’s growing the popularity of DogeCoin.

What is Doge Day 420? Should I buy the coin?

Doge day 420 is basically April 20 and many holders are expecting to raise the price to at least 0.69$ by pumping it together. Nobody knows how far it will go.
And I can’t give you any advice on investing in any coin. As I am not a financial advisor, most people are in it for a fun ride.

I asked the same question in the Reddit community and got only positive feedback. I can say I just got lucky on DogeCoin to get in early, Once you are in the most difficult question will always be whether to sell or hold this coin.

One thing is for sure, One magic tweet by Elon Musk can change lives. That’s what I am hearing from most of the DogeCoin community. As a firm believer in influence marketing, I am holding as I see more firms are jumping on it as a marketing opportunity. If it falls I can look at it as a fun ride without any loss or gain. Now it’s on you to decide whether to invest in it or not.

Dogecoin, Is holding worth it? (An Indian Investor) from r/dogecoin

Note: Nothing in this post is any type of financial advice. I just created the post for fun to become a part of this event and share a fun story, while giving more awareness towards the Cryptocurrency Market.

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