Rise of the DogeCoin

On Christmas Day 2017, the value of the Cryptocurrency ‘DogeCoin’ hit an all time high of $0.01073. Thats right, for 100 DogeCoins you could get 1 USD.

Although the price of the DogeCoin has since dropped (at time of writing it is currently sitting at $0.00873), it proved to be a major milestone in the DogeCoin community. The reddit thread https://www.reddit.com/r/dogecoin/comments/7lz346/dogecoin_is_now_worth_001/ announcing it got over 8000 upvotes, appearing on the front page of reddit.

This also attracted the attention of many people who forgot about the DogeCoin and since realised they might have a small pile of cash lining around in the DogeCoin cryptocurrency. There appeared to be an influx of people on /r/dogecoin asking people how to restore or find old wallets. In some cases people were trying to figure out how to restore wallets containing millions of DogeCoin (worth amounts exceeding $10,000)!

I myself, am a big fan of the DogeCoin and hold quite a few coins myself. 2018 is the year of the Dog in the Chinese calendar, and many believe the DogeCoin could skyrocket (I use this term loosely) in 2018. Could the DogeCoin reach $0.1, $0.2? Who knows and only time will tell.

Only one thing is for certain, the DogeCoin has the most warming and loveable community behind it, and for that reason the DogeCoin is heading for the moon — just remember to get your ticket for the rocket!