Written by: Apurva Adhikari - 22005, Grade XI
Posted on: 07 February, 2021
Dogecoin is a cryptocurrency created by Billy Markus and Jackson Palmer. They are software developers who created dogecoin for fun. When creating it they stated that they created dogecoin for fun and created a payment system far from the normal banking system and using which people can exchange goods with money without being tracked by anyone. They created it using the concept of blockchain. There are a lot of alternatives like Bitcoin, Litecoin which are more popular than it, but many predictors believe that dogecoin has a bright future and have a good chance of being one of the top crypto currencies in upcoming years. Recently, Elon Musk who is one of the richest people in the world tweeted about dogecoin and it reached its height within a moment.
Experts predict the price of dogecoin will reach upto $2 per dogecoin till 2022. Compared now it is $0.07 which can lead people trading it to have a lot of profit. I believe it will be one of the leading crypto currencies in upcoming years. That is why I believe it to be a good investment.
