Altcoins Price Analysis

Dogecoin’s unparalleled growth despite the red market; what is the reason?

While much of the digital currency market has been in the red for the past 24 hours, the Dogecoin has jumped 20 percent. But what is the cause of this mutation?

to the the report The Dogecoin The Telegraph The Dogecoin recorded a new jump to $ 0.4 as the price of digital currencies plummeted. With the price of this marginal digital currency reaching 0.4, its weekly profit reached 400%!

Dogecoin’s performance in 2021 has surprised many experts. In addition, those who have sold their Dodge coins before are now looking at the state of this digital currency with tears in their eyes. The interesting thing is that the declining market has not been able to stop the trend of this digital currency and we are still witnessing an increase in the price of Dogecoin.

Dogecoin's unparalleled growth despite the red market;  what is the reason?
Dogecoin price chart

Just 7 days ago, the Dogecoin traded in the $ 0.07 range. This digital currency has grown by more than 7,500 percent since the beginning of 2021. Dogecoin’s annual price tag is estimated at $ 18,000!

Overtaking the growth of Dodge Coin over Bitcoin, Ethereum and almost the entire digital currency market has raised the question of what Dogecoin’s next step is and whether we will see a change in trend.

All eyes are on Dogecoin

Perhaps the answer to the above question is Elon Musk and SpaceX. April 22 (May 2) We are going to see the launch of a rocket that Musk had previously said would take Dogecoin to the moon!

Since the April lie, Dogecoin has been so popular on the Internet that nothing is ahead of him! The “Dogecoin Day” hashtag on Twitter became one of the hottest hashtags in the United States yesterday. Google data also shows that the English phrase “Doge” is searched more than ever. Of course, there is now a slight drop in rumors about the Dogecoin in cyberspace.

Google data on Dogecoin searches
Google data on Dogecoin searches

“20/4 Dogecoin Day” is another phrase that is available in cyberspace. This phrase may indicate that the price of Dogecoin will reach $ 4.20.

In the meantime, people like Scott Melker have been arguing legally and talking about logic in some way. He warned:

If you think Dogecoin (or any other digital currency) will be the currency of the future, please note that the government [آمریکا] It treats these currencies as assets, which means that every time you spend them, they will be taxed.

The importance of the issue is high. Buying something with digital currencies equals selling digital currencies.


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