Dogecoin; A second chance to get crypto rich
Whether it was Elon Musk or an early success destiny, what we know is that dogecoin may just be another chance to be the next Mike Novo. The success bitcoin experienced in 2020 made many people bite their lower lips in regret wishing that they had bought the coin earlier.
They, however, noted that this surge may just be the start of bigger ones to come as the Billionaire doesn’t hold back his support for dogecoin on his Twitter account with over 50 million followers.
While many think this surge is a red flag, paying attention to this notion may be why the regrets would come later. The story is relatable to bitcoins. It also used to be thought of as useless digital money until its first owners became millionaires using just a token and some faith.
Well, the regret sob can stop now because dogecoin has come as a second shot at growing crypto wealth with the little you may have. Like our little cousins, dogecoin grew right before our eyes.
What many called a joke is now worth more than many companies as it went from being worth less than 1 cent in January 2021 to over half a dollar in May.
On Sunday, self-acclaimed “dogefather” Elon Musk announced the DOGE-1 Mission to the Moon by the first quarter of 2022 and that the company would be accepting dogecoin as full payment for transportation to the Lunar Surfaces.
The dog-meme inspired coin that was initially designed in 2013 as a fun, fast, and free traditional banking fee payment system, has in 2021, developed an unbelievably large online community. Thanks to dogecoin’s affiliation with Tesla’s founder, Elon Musk and famous rapper Snoop Dogs support. This digital asset surged by more than 40% and reached a market capitalization of nearly $86 billion dollars as of the 5th of May.
This surge means; if you bought $100 worth of doge in January 2021, you should have about $12,100 today, yes that much. If you have been waiting for a sign, this is it. With this groundbreaking surge, there is no doubt that the future of Dogecoin is blindingly bright. Just because you did not buy in January does not mean it’s too late.
Doge is rising. It hit 50 cents on the 1st of May and now 54 cents as of Monday 10th of May. Now maybe a good time for you to make that long-lasting investment in Dogecoin that can make you smile in the next 5-10 years.
Many analysts are attributing this jump to Elon Musk’s hosting of the renowned Saturday Night Live that was held last weekend but only caused a quick dip as one doge value went from $0.64 on Friday to $0.54 by Monday.
If you need more push, here are five reasons to invest in dogecoin today:
1. It is Cryptocurrency: It’s no news that cryptocurrency is an asset without a stable value. So, when the value is on the good side, then your investment is on the good side as well.
2. It is affordable: Unlike bitcoin, which is currently valued at, $58,000 per bitcoin, dogecoin is valued at $0.54 per doge. This means you can own a couple of doges without breaking the bank.
3. It has an impressive track record: Since January, the success rate of dogecoin has been impressive. January doge owners can testify to this as whatever they invested back then has been topped by 1200%.
4. There’s no harm in making this investment: In the next three years, you may be regretting not investing in doge today. There’s no harm in taking this leap with $100.
5. It’s very possible, you’ll be able to use it to purchase your first Tesla: Tesla is one of the firms whose products are now available for purchase with bitcoin. It wouldn’t be surprising if Elon Musk, the CEO of Tesla and dogecoin’s top ambassador, made doge an asset that could be traded for a Tesla.
You can buy doge on p2p platforms like Binance or Kraken and start your way up to riches today.
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