Synopsis: Dogecoin (DOGE), the original meme crypto coin has beaten XRP, ADA and several other alt coins in the last few months in uptrend bullish growth. What surprised the investors even more was the fact that Dogecoin (DOGE) nearly beat BTC and ETH in the last few months.
The crypto exchange investors were startled with the performance of DOGE, world’s first meme coin in the last few months. The meme coin gave Bitcoin (BTC), and Ethereum (ETH) a run for their money as it almost gained equal to the crypto giants in the past few months.
The DOGE wallet outpaced the gains of XRP and ADA in the last financial quarter, reaching new heights, bringing joy to meme coin enthusiasts, investors, and the Dogecoin(DOGE) community.
Dogecoin (DOGE) Growth Secret?
The stupendous bullish run of DOGE is mired in mystery. Crypto analysts point to several reasons for the uptrend surge of the meme coin. Let’s cover some possible reasons.
The foremost reason for the surge of the DOGE is being the favourite of tech mogul Elon Musk. Dogecoin has always danced to the tech titan’s tweet. Whenever he comments, the meme coin goes for a tailspin. Moreover, his backing fuels the meme coins rise since it’s inception.
A loyal fan following community of DOGE comes next probable reasons. The DOGE community rallies behind the coin pushing it to new heights. The playful spirit of DOGE also attracts a devoted, and fun loving crowd in huge numbers.
The user friendly reputation of DOGE welcome’s everyone with it’s simplicity, it attracts everyone who is crazy about crypto.
If analysts are to be believed, there are strong rumors floating about merchant integration for DOGE. Dogecoin payment systems in the near pipeline has ignited investor excitement, pushing the prices of DOGE to all time high.
Dogecoin (DOGE) beats XRD & ADA
Altcoin analysts were on cloud nine when world’s first meme coin DOGE outpaced two major altcoins XRD, and ADA in the last 5 months. Altcoin made the below statement on X, formerly known as twitter:
DOGE phenomenal bullish run has made the meme coin investment community optimistic of future substantial gains. However, crypto currency markets is subjected to market risks. It is highly advised to do your own research before investing.
Also read: Pepe Meme Coin adds 26% assets in 24 hours
