What Is The Future Of Dogecoin In 2022?
Dogecoin was introduced in December 2013 as a joke. However, after the introduction, it went into the mainstream very soon and pulled various use cases that include charities & online tipping. Over time Dogecoin has become one of the largest meme coins and valuable crypto assets. However, it commenced showing vast growth possibilities in 2020. It has entered the top ten crypto assets by market capitalization. Now, Dogecoin is a familiar name for various crypto users and they are thinking to buy Dogecoin cryptocurrency.
Dogecoin got this unique but tempting name, which has become a mascot of a Japanese species of dog called Shiba Inu and, therefore, doge. Hence we can also refer to Dogecoin as Shib coin.
What awaits Dogecoin in 2022?
There is much positivity within the doge society relating to coins in 2022. The crypto space can soar ahead in 2022. Some of the predictions for Dogecoin in the year 2022 are:
1. Dogecoin will obtain a new look:
Dogecoin foundation unfolded a footprint at the finish of December 2021. The footprint is identical to a roadmap however flexible. Some vital factors in the recent plan are:
- Redesigning of the website, i.e., Dogecoin.com: The newly redesigned website will comprise a full list of frequently asked questions.
- Building a modern Dogecoin technical norm: It will be easy for the recent developers to operate with doge.
2. More businessmen will recognize Dogecoin:
As per cryptwerk, almost 2,000 businessmen are currently accepting Dogecoin, whereas about 7,700 businessmen are accepting bitcoins. The number of merchants accepting Dogecoin will increase in 2022. In December 2021, Elon Musk’s Tesla has also declared that they will accept payments in the form of Dogecoin. AMC theatres will also open their doors for Dogecoin(shib coin or Shiba Inu) from the month of March 2022. Dogecoin is also acquirable from most of the cryptocurrency exchanges where people can buy Dogecoin. Another billionaire crypto high spirited, Mark Cuban, had said through a tweet that Dogecoin was the people’s path to pay.
3. Elon Musk may keep his tweets about doge:
The self-declared dogefather, Elon Musk, has continuously discussed Dogecoin on social media. He may continue his tweets about doge this year, i.e., 2022. He considers Dogecoin as the crypto of people & also considers spending Dogecoin easily compared to bitcoins. His tweets had been a big initiator behind the success of Dogecoin.
4. Other coins will pinch at Dogecoin’s back:
The whole incident of the meme coin is very new. This tendency of pop civilization bumping with monetary investments unloaded in 2021. Dogecoin’s success displayed to us that it is tough to ignore them and also hard to predict what will happen next. The spread of pet currencies means it can hope for more contests in the coming future since meme currencies tend to form unexpected price rises. We have seen in the past where Shiba Inu concisely overtook Dogecoin. People started to buy Shiba Inu. Dogecoin does have a faithful society of appreciation. However, it is hard to stop its averse-establishment goodwill while also getting in the top ten cryptocurrencies by market capitalization.
5. Dogecoin will keep its trademark fight:
Another problem that Dogecoin requires to look upon is its brand registration. As it was initially made as a joke, it was not considered operable for any reason. Hence, the founders didn’t register its brand.
Conclusion:
Dogecoin is a leader of meme coins & boasts a large following. It has increased & touched new highs due to the support from Elon Musk and Mark Cuban. Dogecoin Foundation has sequenced up various new tasks which will increase its utility & lastly increase its value.
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