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Dogecoin to $ 10 Let's Goooo!

 Looking at it soberly, Dogecoin is an open-source peer-to-peer cryptocurrency. But for most, the dog currency is known as memecoin and a regular guest on Elon Musk's Twitter feed. With each new tweet, the Dogecoin price rises, albeit often only temporarily.


In the past few days, a lot has happened with the Dogecoin Preis (DOGE). 


When Musk shared a picture of his Shiba Inu dog Floki on Twitter, the price of Dogecoin and similar cryptos skyrocketed. Many experts still worry about the controversial long-term future of cryptocurrencies . DOGE does not follow the classic pattern of Bitcoin or Ethereum . Many investors and fans of Dogecoin rely on the currency's popularity on social media and with celebs.


Dogecoin was originally a satire project. But that is exactly one of the success factors. Numerous risk investors are attracted by the high volatility.



Traditional investors reject headlines, tweets, and celebrity mentions, but the masses don't. On the contrary, the meme coin brings them into contact with cryptocurrencies in the first place. The recipe for success is a mixture of memes, the hope for quick money, pressure to act and frustration with regulators and the banking system.


The first is free


There is a good reason why drug dealers like to offer the first pill for free or why free-to-play games give away the first cash item. Once you get into the matter, the sunken cost fallacy takes hold. That makes any cryptocurrency, meme or not, potentially a win for the market as a whole. The new users get used to the concept. From the creation of wallets, accounts on changing sites to the jargon of the scene.



With a price of over 25 cents, the 50 cents mark is not far either. This would then follow $ 1 and $ 10. People love round numbers, and the vast majority act and think in dollars, but the euro marks, around 1 euro, also have their influence.


In the meantime, things are looking bad for the spin-off variants SHIB and FLOKISHIBA

High transaction costs, a hype that vanished much faster, and the latter in particular is facing reasonable doubts.



Since joining Coinbase, SHIB has even more good things to say, such as the new NFT project, but experts like Vitalik Buterin remain critical of the project. After many investors took advantage of the push triggered by the listing for a sell-off, the SHIB price almost crashed back to its original value. Then up again, and then down again. Roller coaster.


Meanwhile, FLOKISHIBA is afraid of a repetition of the Squid Game Token disaster. Here you saw the value of the coin rise by thousands of percentage points, only to then suddenly fall again by 99.9999% after investors realized that the token could not be sold. The creators of the token ran away with over three million US dollars in the end.



At DOGE, on the other hand, the vortex is rising a little more modestly, but steadily. More items, more hype, and more merchants to accept it as payment. However, all of this only plays a minor role. Most of all, what makes Dogecoin what it is is its long-term potential. A simple and friendly means of payment that is being recognized as such by an increasing number of people. A strong community and an almost endless capital of attention through memes, which seems to be used up faster with other memecoins.


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