Dogecoin's Biggest Rise in 2022
The DOGE Pump
Dogecoin, a cryptocurrency created by Billy Markus and Jackson Palmer, which was initially just a "meme" and later turned out to become one of the biggest cryptocurrencies by market cap in the world, has been relatively calm for the past months. However, it has now seen a massive rise in its price, volume, and interest once again.
Elon Musk, a long-time supporter of DOGE, has acquired finally acquired Twitter, and the crypto community is extremely excited about it, especially Dogecoin supporters, since Musk has already talked about his plans to implement DOGE as a payment system on Twitter, which has made a great impact in the interest of Dogecoin.
Charles Hoskinson says Dogecoin should be Cardano sidechain
The founder of Cardano, Charles Hoskinson, thinks Dogecoin should be a Cardano sidechain and offers to do the migration for free.
Just in a few days, DOGE has gone up from $0,06 to $0,14 per token, over 100% rise, a price which hasn't been seen since April. Dogecoin is currently sitting at a modest $0,12 per token after its massive pump in the past few days. Many long-term DOGE supporters and influencers have been coming back, and the community is talking about DOGE everywhere. Cryptocurrencies related to dog memes are also going up, with SHIB up 27,2% this week and BabyDogeCoin up 13,6%.
Does this mean DOGE to 1$?
Not quite there yet. It is entirely possible for DOGE to reach the dollar dream. However, the overall market is still bearish, and considering altcoins tend to move after BTC, we might be looking at a higher floor for DOGE, but we'll have to wait for 1$ a little bit longer.
What do you think about the recent Dogecoin rally? Share your opinion below!