Dogecoin: The Cryptocurrency That Has Increased By 12,000% Since January

Dogecoin , it is the trending talk among both savvy and newbie cryptocurrency investors. Currently, it is among the top five most popular cryptocurrencies after surpassing many giant crypto coins. At the time of writing this article, the price of Dogecoin has reached $0.65 which is an all-time high record. Doge is so dominant in the market right now, that other coins are losing market share to Doge. So what is this fuss all about? Is Dogecoin a good investment in 2021? Read on to find out.

Dogecoin is an open-source peer-to-peer digital currency, favored by Shiba Inus worldwide. It is a cryptocurrency that was created as a joke — its name is a reference to a popular Internet meme. Despite this unusual origin story, it has exploded in popularity in 2021. According to market capitalization, it is currently the fifth-largest cryptocurrency in the world. It also shares many features with Litecoin. However, unlike Litecoin, there is no hard cap on the number of Dogecoins that can be produced.