The creation of Dogecoin as a cryptocurrency initially sparked amusement and curiosity within the crypto community. However, its journey took an unexpected turn when Elon Musk tweeted a simple yet profound message: "One word: Doge." This single tweet by the enigmatic entrepreneur caused Dogecoin's value to surge by a staggering 20%. Sorry, you have been blocked There is really no logic behind buying Dogecoin. Some believe that the only reason to purchase DOGE is the project’s potential for attracting speculative value. DOGE’s speculative value was pushed by not only crypto investors themselves, but also by some highly influential people such as Elon Musk – who spent most of 2020 tweeting about Dogecoin.
With anticipations of a bullish explosion in 2024, the DOGE price action teases a lightning-fast move to cross beyond the $0.20 mark. On the other hand, the deep correction brings too many questions like: “Is Dogecoin dead? Will Dogecoin go up?” Tips to Consider Before Purchasing Dogecoin Banking services and bank accounts are offered by Jiko Bank, a division of Mid-Central National Bank.