Dogecoin is initially launched as a meme coin based on a Dog. But after Elon musk tweeted for in in January 2021 it skyrocketed.
Reason to Buy
1. Elon Musk just-announced a deal to buy Twitter and the deal will be completed in 2022 and Elon musk many times mentioned that he will accept dogecoin as a payment mode for its products.
Also, he mentioned that Twitter will be monetized by giving the option to users for Bluetick verified account on some specified amount of payment and payment can also be accepted in Dogecoin.
So whenever Twitter will officially announce to acceptance of Dogecoin, It will be the first cryptocurrency that is officially accepted for Social media payments.
So dogecoin has the potential to go to 5x to 10x from here.
Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any Loss from such transactions. Crypto products are currently unregulated and subject to market risk. Please seek independent financial advice or do your own research before investing.
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