Dogecoin surge attracts cryptocurrency newcomers! The latest Dogecoin surge is attracting new investors into the cryptocurrency world. Dogecoin is linked to a meme of a Shiba Inu dog, which is why when you think Dogecoin, you think of the meme.
It was created in 2013 as a joke – however, hardly anyone is laughing at the rising value of this coin – the value of one Dogecoin is hovering just around $0.60 cents – up nearly 100% in the last week. If you had purchased 100 dollars-worth back in February of 2021 when they were at $0.05, you’d be sitting pretty on $1,200.00.
Most people are investing cryptocurrency because they see it as an investment, however, others purchase cryptocurrency to pay for goods and services.
Last month, Mark Cuban, the owner of the Dallas Mavericks, announced that the team would allow fans to purchase merchandise and tickets using Dogecoin. A few days later, he announced that his franchise had “done more than 20,000” dogecoin in transactions.
The @dallasmavs have done more than 20,000 #Dogecoin in transactions, making us the LARGEST #DOGECOIN MERCHANT IN THE WORLD ! We thank all of you and can only say that if we sell another 6,556,000,000 #DOGECOIN worth of Mavs merch, #dogecoin will DEFINITELY HIT $1 !!!🚀🚀🚀
— Mark Cuban (@mcuban) March 6, 2021
It has been uncommon for businesses to accept payment via cryptocurrency, however, this may change in the future. One of the reasons why it’s not common is the extreme volatility of cryptocurrency. For this reason alone, most financial advisors do not recommend investing in cryptocurrency.
However, we at CTP do recommend gaining knowledge and expertise in cryptocurrency and investing in it. Want to learn more and how? Check CryptoTradersPro out and sign up for our course! Let us know what you think of Dogecoin on our Facebook page!