The huge success of Bitcoin has motivated the creation of more and more forms of digital currency payment systems that are instant, fun, and free from using the traditional banking system by using blockchain technology. Dogecoin, around since late 2013, has emerged as the follow-up act to Bitcoin in popularity and the coin of choice for retail investors to ride to riches.
Early on in 2014, for a brief moment when China banned Bitcoin, Dogecoin trading volumes surged exponentially, instantly generating tons of optimism for the antigovernment inspired retail investor world...then humbly came crashing back down to reality.
As of current, we've again seen its value shoot up over 800% within 24 hours as a result of attention from Reddit users, partially encouraged by Elon Musk and the GameStop short squeeze. Tune in and #getyousomecents 🪙!
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