Disclaimer: These are my opinions, not financial advice. Please do your own research before making an investment of any kind!
Dogecoin is one of the oldest and most deeply rooted cryptocurrencies on the market today. Founded in December of 2014, it was only a month before it's market cap exceeded $60 million. Though DOGE is a long-standing and well known member of the crypto world, it is subject to the whims of the market as all coins are, and I believe the time for Dogecoin's next Moon Mission is nearly upon us.
With over 100 billion coins (growing by 5 billion every year), it is easy to understand why the price valuation for Dogecoin is so low, dancing around a meager 15 - 25 Satoshis (or .00000015 to .00000025 BTC). Hoarding massive bags of DOGE may seem like a waste of precious coin, but in examining the all-time chart, one can clearly depict the price rising and receding at fairly regular intervals; an average of about 8 months passing between each massive spike. We've just come down from an all time high of .00000189 BTC, landing back in the 15-25 Satoshi range. Now just may be the perfect time to grab your surfboard and ride the next massive DOGE wave, which is gearing up to be a real moon shot, with the metaphorical 'stars' aligning. The MACD is crossing over, the market cap is growing, and the new year is coming (bringing new buyers)!
If you're like me, Dogecoin may have been one of the first cryptocurrencies you encountered. It is one of the original 'memecoins'. That being said, through the trials and tribulations, DOGE has proven itself as a worthy contender in the crypto space; to be respected if nothing else. With the crypto-sphere growing at an alarming rate, the potential for ALL coins is skyrocketing. This is as true for my beloved Dogecoin as for any other currency, and the timing couldn't be better for us to have a big breakout; at least, that's how I see it! :)
Hopefully I've provided some helpful information, or useful insight into the phenomenal wonder that is Dogecoin. Thanks for reading, and good luck out there!
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BTC: 1EkCaMUNbJfPmq1WTouinqzNFo9UKDKKXv
ETH: 0x7486Daa9C3558D4a710A85c849D8D0b026Ac1792
LTC: LcUYij1xBMupvCXp1Gs5aWWUAGMeDWFQ1R