Even though there are many meme coins on the market, the original meme coin is still the most widely used coin. The coin has surpassed the market cap of 10 billion and is still shinning as one of the most largest figures among the cryptocurrencies.
Dogecoin has unquestionably captured the cryptocurrency craze and rightly predicted how massively it will spread in the years to come. Over four million people own Dogecoin, making it one of the largest cryptocurrency communities and demonstrating that investors are interested in meme coins. There are more than 2.4 million members of the dogecoin subreddit group on Reddit.
Then there’s the wave of celebrities and public figures that have openly endorsed Dogecoin – in addition to Elon Musk, who famously helped pump the coin in 2021, this includes Gene Simmons and Snoop Dogg.
Will Dogecoin boom in 2024?
Dogecoin is unapologetically the best memecoin and cheap cryptocurrency. It has shown drastic spike over the years and is planning to continue the streak. In this quarter, the price of DOGE started with $0.08. Today, the price has jumped to $0.21 showing almost 200% increase in the price of the coin.
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