This is the wake-up call the bitcoin market has been waiting for. The next few hours will reveal if this is enough to stabilise the price, but there are still many uncertainties surrounding the financial viability of many crypto projects and businesses.
 
On June 19, one of the world's most influential people, Elon Musk, CEO of Tesla Inc., publicly supported the cryptocurrency business and the meme coin [Dogecoin](/coins/doge) in particular. On June 19, Elon Musk tweeted to his almost 99 million followers, "I will continue to support Dogecoin."
After that, a user on an exchange told Musk that if he truly supported Dogecoin, he should buy it. When asked if he was buying the dip, Musk replied, "I am."

## Prices are on the rise again

In the wake of his tweet, the cryptocurrency market saw an immediate surge in trust in cryptocurrencies and a flurry of inquiries regarding the long-term viability of numerous projects and businesses.

Data firm [CoinGecko](https://www.coingecko.com/) reports that Dogecoin, which was trading at $0.052307 per minute before Musk's post, is now trading at $0.058037 per minute, an 8 percent increase. They were followed closely by other coins' values. At $19,735.89 as of this writing, Bitcoin is up 4.4 percent in the last hour, making it the most popular cryptocurrency.

Shortly before Elon Musk's tweet, Bitcoin had fallen to a low of $17,677.43 before rising to a high of $18,290.75. Market capitalization leader Ether has gained 6.5% in the last hour to $1,058.60. Last week, Ethereum's native token was trading at $881, its lowest since 2021.
Just over 55% of the crypto market value is held by Ether and Bitcoin, and this fluctuates based on pricing. In the last hour, the total cryptocurrency market value increased by 3.7% to $972 billion.

After a spate of losses, crypto investors appear to be taking a break. Bitcoin's value has dropped by 30.1 percent, while Ethereum's value has dropped by 30.8 percent in the last seven days. 

 


Elon Musk claims to be buying the Bitcoin dip

Memecoins are all the rage right now, and for good reason! They offer a way to make money that is different from traditional methods.
There are many different memecoins out there, but some of them are more popular than others. Here, we look at the most popular memecoins right now and see what makes them so special. Stay tuned for more information!

## What are Memecoins?

A memecoin is a digital asset used to purchase goods and services on the memecoin network. The memecoin network is a decentralised, peer-to-peer network that allows users to transact with each other without the need for a central authority.
Memecoins are created and exchanged on the memecoin network using memecoin wallets. A memecoin wallet is a digital wallet that stores memecoins and allows users to send and receive memecoins. Memecoin wallets can be either web-based or desktop-based.

Web-based memecoin wallets are typically more user-friendly, but less secure than desktop-based memecoin wallets.
Memecoins can be used to purchase goods and services on the memecoin network or traded on memecoin exchanges.

## The History of Memecoins

Today, memecoins are a popular type of cryptocurrency, but they didn't always have such a prominent place in the crypto world. In fact, memecoins only came into existence relatively recently, in 2013.
The first memecoin, Dogecoin, was created as a joke, based on the popular Doge meme. Despite (or perhaps because of) its light-hearted origins, Dogecoin quickly gained a devoted following, and its value began to rise.

This marked the beginning of the memecoin craze, as other memecoins began to appear, each trying to capitalise on the growing popularity of this new type of currency. Today, there are dozens of memecoins available, with more being created all the time.
While some investors remain skeptical about the longevity of memecoins, their popularity shows no signs of slowing down any time soon.

## How to Buy Memecoins

While there are many different ways to buy memecoins, purchasing them through an exchange is the most common.
A number of exchanges allow you to buy memecoins, and each has its own process for doing so. In general, however, the process for buying memecoins is relatively simple. First, create an account on an exchange.

Once you have done this, you will need to deposit funds into your account. Once your funds have been deposited, you can purchase memecoins at market prices.
Finally, you can then withdraw your memecoins to a wallet of your choice. By following these steps, you can easily purchase memecoins and begin using them for transactions.

## The Most Popular Memecoins Right Now

The most popular memecoins have been around for a while and have built up a large community of users.
[Dogecoin](/coins/doge), for example, was created in 2013 and has since accrued a large following online. Others that have gained traction in recent years include data-driven memecoins such as Datacoin and Filecoin.

With the rise of social media platforms like [Reddit](https://www.reddit.com/) and 4chan, memecoins are only becoming more popular.

## The Future of Memecoins

Memecoins are a relatively new phenomenon, and their future is still uncertain. One influential factor could be the continued popularity of memes.
As long as memes remain popular, memecoins are likely to continue to be used as a way to tipping creators. Another factor is the increasing use of blockchain technology. As more platforms adopt blockchain, memecoins will likely become more widely accepted.

Finally, the memecoin market is still relatively small. It is possible that large investors could enter the market and have a significant impact on memecoin prices.
Overall, the future of memecoins remains uncertain, but they could continue to be used as a way to support content creators into the future.


Memecoins: What's Popular Right Now

Elon Musk, the CEO of Tesla and SpaceX, was sued for $258 billion by a [Dogecoin](/coins/doge) investor on Thursday, alleging him of operating a pyramid scheme to support the cryptocurrency.
 
Plaintiff Keith Johnson filed a case in federal court in Manhattan accusing Musk, electric vehicle firm Tesla Inc, and space tourism company SpaceX of racketeering for promoting Dogecoin and pushing up its price, only to see it plummet.
 
## Plaintiff Keith Johnson's Statement

"Defendants were aware since 2019 that Dogecoin had no value yet promoted Dogecoin to profit from its trading," 

"Musk used his pedestal as World's Richest man to operate and manipulate the Dogecoin Pyramid Scheme for profit, exposure and amusement."
 
According to the complaint, Warren Buffett, Bill Gates, and others have [questioned the worth of Bitcoin](https://news.sky.com/story/elon-musk-sued-for-258bn-over-claims-he-ran-a-pyramid-scheme-to-promote-dogecoin-12635334). Tesla, SpaceX, and Musk's lawyer did not immediately respond to the request for comment.

Johnson's lawyer did not reply to requests for comment on what proof his client has or expects to have that indicates the dog focused meme coins worthless, and the defendants conducted a pyramid scheme.

Johnson is claiming $86 billion in damages, which he claims represents the fall in Dogecoin's market value since May 2021 and wants it tripled. He also demanded Elon Musk and his firms be barred from marketing Dogecoin, and a judge to decide that trading Dogecoin is illegal under federal and New York law.

According to the lawsuit, the selloff of Dogecoin began around the time Musk presented the NBC show ‘Saturday Night Live’ and, playing a fictitious financial expert on a ‘Weekend Update’ segment, called cryptocurrency "a hustle." Tesla said in February 2021 that it had purchased $1.5 billion in bitcoin and had temporarily accepted it as payment for vehicles.

Dogecoin was trading at around 5.8 cents on Thursday, down from its top of almost 74 cents in May 2021.




Elon Musk Dogecoin debacle: The ‘Dogefather’ sued for $258bn 

The simple answer to the question 'what are meme coins' is that they are coins inspired by a joke on existing popular cryptocurrencies.

Most meme coins are short-term gain coins, meaning they are not coins you should hold for long. Instead, the deal is to buy and sell off once you make your gain.

Many meme coins are currently on the crypto market, including [Dogecoin](/coins/doge), Shiba Inu, Safemoon, and Kishu Inu.
Why sell off the meme coins so fast, you may ask. Though most meme coins are gain-making coins, they cannot be trusted. Meme coins have an intense volatility volume, and they cannot be predicted at all. A meme coin may be down one minute then rise so high the next - and this goes both ways.

To invest in meme coins, you must be fully watchful, cautious, and know when to pull out your investment. Meme coins have made cryptocurrency investors millionaires, but many have also suffered significant losses.
[Fear of missing out (FOMO)](https://blog.switchere.com/what-is-fomo-crypto-a-brief-explanation-definition/) and greed are two traits you shouldn't have when investing in meme coins, or really in any coin in the crypto space.

The value of a meme coin comes from the number of people that value it. The coins are often meaningless and with no purpose, but most have the capacity to make investors richer quickly. Or poorer.
You could call them surprise coins as that's what they do; they are full of surprises, both negative and positive.

## Are Meme Coins Worthwhile Investments?

Anything that brings a profit is worthwhile, but in the case of meme coins, you have to be thinking short term. You must be on your toes all through the period of investing.

Whether you choose meme coins or not, investing in cryptocurrencies can involve risk and requires a high level of care. It is essential to DYOR (do your own research).

Also, remember that some meme coin offerings are scams. There have been many cases of scam coins being pumped high at the beginning and then dumped, so the value dips quickly and catches investors out.
Be on the safe side: DYOR and invest wisely.

## General View of Meme Coins

A lot of people think very little about meme coins. When the trend began, serious crypto investors ignored them as a waste of time. However, that attitude has changed due to the spectacular profits some of these coins have made people.

## Conclusion 

If you choose to invest in meme coins, understand that they are highly volatile and come with risk. Do your research and invest carefully.


Meme Coins Explained

Are you looking for Baby Doge price predictions for 2023 and interested in knowing where its value will go in the future? Read this article where we analyse Baby Doge Coin and its market potential.

Cryptocurrencies have been making waves in the news and online world for quite some time now. [Bitcoin](/coins/btc) is the OG of digital currencies, but many others have surfaced recently. One such currency is Baby Doge – an addition to the dogecoin family and launched by the meme community. However, the coin is still at its nascent stage. There is much uncertainty regarding its real-world usage and whether it would be a good investment. If you're wondering about its bullish prospects, let's see the Baby Doge price prediction for 2023 and beyond!

## What is a Baby Doge Coin?

The online meme community is pretty active in introducing some dog meme coins. One of the pioneers in this genre of cryptocurrency is Dogecoin. Baby Doge was launched in June 2021 as Dogecoin’s successor. But unlike Dogecoin, which was a ‘joke’ on blockchains, Baby Doge was introduced to raise funds for dogs worldwide.

It’s a secure and speedy blockchain with fixed crypto tokens in the market. If you’re a Baby Doge holder, you will earn a percentage for each transaction in the blockchain. It has set a 10% fee for each transaction, half of which is divided among all holders while the remaining is consumed for fast trading. 

## Baby Doge’s Price Prediction 2023

As of 11 May 2022, this decentralised currency is ranked at #210 with a $0.000000001216 price according to Coingecko. It has lost the gains it made in the earlier months of 2022, and the market cap for the coin stands at $190,142,021. But it is expected that the token might reach $0.00000000206 by the end of this year.

Comparably, Baby Doge’s price predictions for 2023 do not suggest the coin is going bullish. The data by Digital Coin Price shows that the average Baby Doge price in 2023 would be $0.00000000222. In addition, its highest trading fee could reach $0.00000000242, whereas the lowest cost could be $0.00000000186.

Baby Doge Price would start the year with $0.00000000211 in January and would end it with $0.00000000222 in December. There will be fluctuation in price throughout the year, but towards the year's end, we could see some stability.

## How High Can Baby Doge’s Price Go?

If you consider it an investment, you might wonder how high it will go and whether Baby Doge’s price will reach 1 cent soon? To find out, let’s see the long-term predictions!

## Baby Doge price forecast 2025

[Telegaon’s forecast](https://telegaon.com/baby-doge-price-prediction-2021-2022-2025-2030/) for 2025 says Baby Doge’s price will be averaging approximately $0.000000063. It will reach its highest at $0.000000079, and its lowest would be $0.000000052. 

## Baby Doge price prediction 2030

For 2030, PricePrediction.net indicates that the Baby Dogecoin would maintain the average of $0.00000007 and its minimum price. However, it would hit the maximum of $0.00000008.

## Baby Doge price prediction 2040

In the next decade, Baby Dogecoin will likely make substantial gains and average $0.0026. Its maximum price value would be $0.0035, and the minimum value would be around $0.0015.

## Baby Doge price prediction 2050

In 2050, the Baby Dogecoin price might finally reach the $0.01 mark, and it would be only its minimum price. Its maximum price could be $0.05, and it would be averaging $0.03.

## Is Baby Doge a Good Investment?

The current trends show that Baby Doge is a small crypto token. At the time of this writing, there is a decrease of 15.4 % in its price. But the coin is expected to reach $0.03 in 2050. Compared to Baby Doge, there are numerous other cryptocurrencies you might consider.

There is always uncertainty about the long-term trends in the crypto world. Will the value of Baby Doge rise or fall? No one can say for sure. However, you can decide by observing the factors involved and current trends. For example, you might consider the development team behind Baby Doge, its utility, and the overall market sentiment. Therefore, it’s advisable to always do your own research before coming to any conclusion.


Baby Doge Coin Price Prediction

It launched as a meme coin with the slogan "to the moon". [Dogecoin](/coins/doge) could now be heading into space for real.

DOGE-1, a 40-kilogram cube satellite that will fly as a payload on a Falcon 9 rocket, was unveiled on Sunday by Geometric Energy Corporation.  

DOGE-1 is a satellite that will be launched on a SpaceX Falcon 9 rocket and will circle the moon to "collect lunar-spatial intelligence via onboard sensors and cameras with integrated communications and computing capabilities."

According to the news statement, Dogecoin is advanced enough to fund a commercial moon expedition fully and will be used for all lunar transactions between the two firms.

This expedition will demonstrate the usage of cryptocurrencies in space and build the framework for interplanetary commerce, according to SpaceX Vice President of Commercial Sales Tom Ochinero in a statement published by Geometric Energy.

## Social Media Hints

There was a lot of "moon Dogecoin" chatter after hints on social media.

The journey, scheduled for the first quarter of 2022, follows Elon Musk's 1 April statement pledging to place Dogecoin "on the literal moon". Not everyone initially took it seriously as he tweeted about it on April Fool's Day. Musk added, "SpaceX is going to put a literal Dogecoin on the literal moon." In cryptocurrency parlance, this is known as "shilling" – the practice of constantly promoting a specific coin to increase its price. He said that the expedition would be paid for in DOGE and that it would be the "first crypto in space". However, the quantity of Dogecoin involved in the transaction with SpaceX was not revealed.

## Musk Refers to Dogecoin as a 'Hustle'

It happened when the price of Dogecoin fell further after the technology mogul claimed on television that it was a "hustle." On Sunday, Dogecoin dropped more than a third of its value when Mr. Musk referred to it as a "hustle" while presenting the Saturday Night Live comedy sketch television show. Mr. Musk's recent comments on the voyage to the moon have aided in transforming the once-obscure digital currency into the world's fourth-largest cryptocurrency. 

According to cryptocurrency data tracker [CoinGecko.com](https://www.coingecko.com/), it has increased by more than 800% in the previous month, with a total market value of more than $70 billion. In May 2018, Musk told reporters, "It's intended to do 10 or more flights with no refurbishment between each trip.

"We believe the [Falcon 9] boosters can fly at least 100 times before being decommissioned."

However, the moon Dogecoin mission is still taking shape, and it is presently planned to be orbital.

According to a Geometric news statement, the mission will launch an 88-pound (40-kilogram) CubeSat (appropriately named Doge-1) on a mission to acquire "lunar-spatial intelligence... with integrated communications and computational capabilities." The cargo will also include video surveillance, the specifics of which are unknown. It is likely to include sensors and cameras. 

In the opinion of Geometric CEO Samuel Reid, the transaction solidified DOGE as a unit of account for lunar business in the space industry. The organisation also promised to do all future missions in Dogecoin, citing rewards such as its security and the ability to conduct transactions even after business hours.  

## A Difficult Week for DOGE

Despite all the wonderful news and enthusiasm, Dogecoin has had a difficult week. Its value has fluctuated for various causes, but Elon Musk has been at the centre of it all. Overall, the cryptocurrency has returned about 10,000% this month and rebounded late Sunday evening after a huge drop on Saturday following Musk's SNL appearance.

Dogecoin's position in terms of real-world utility has recently solidified. AMC Theatres in North America confirmed last month that crypto payments could be made using Dogecoin.

The ascension of Dogecoin to the moon will mark a new milestone in the crypto realm. SpaceX, as a pioneer in private space exploration, is continuously creating precedents for humanity's future in space, whether purposefully or unintentionally.


















To the Moon: Dogecoin into Space

Sometimes a crypto crash wipes out wealth so severely.

Despite the well-known volatility of cryptocurrencies, investors do not seem deterred. Crypto can have big days when values soar. And there can be big days where prices go the wrong way.

When values plummet, it's hard to be prepared. A crypto crash is uncertain; nobody knows the exact time when it will happen.
But what causes a crypto crash?

## Cryptocurrency Security

Network security is a factor that could spark a crypto crash. Security flaws in any blockchain can cause concern among the public and regulators, impacting on the value of coins and tokens on that network. The value of crypto is driven by investors' interests; fear, uncertainty, and doubt can lead to a crypto crash.

## Volatility in the Cryptocurrency Market

When investors liquidate high volumes of a digital asset, crypto markets witness volatility. While this can hurt some investors, there are others watching for, or perhaps contributing to, such a situation. Others drive up prices and over-inflate the value of certain coins and tokens, again contributing to volatility. Both have contributed to crypto crash scenarios, when prices are deliberately forced down or plummet when the hype dies. 

## Cryptocurrency Regulation

China banned crypto mining in 2021. This move, positioned as regulation, saw cryptocurrency values decline as the hash rate slowed.
This is a single example, but demonstrates how regulation can contribute to a crypto crash.

## Crypto Influencers

This is an extension of the volatility explanation, but is specifically referencing those who use their platforms to shift prices, deliberately or not.

For example, when Elon Musk tweeted his support for [Dogecoin](/coins/doge), the value soared. When he criticised other cryptocurrencies, their values fell.

## The Stock Market

Although seen as distinct, there is a correlation between activity on old-fashioned stock markets and the new crypto exchanges.
There is so much that can impact a market value, this is inevitable. If taxes go up in a country, or financial regulation is tightened, or inflation and cost of living explode, both types of market will be impacted similarly.
 
 



Reasons for a Crypto Crash Examined

Here’s a crypto market round-up for the past week with some highlights you might have missed.

## A Buying Opportunity for Ripple (XRP)?

Earlier this week, Ripple CEO Brad Garlinghouse said that his company was making significant enough progress in the company’s legal battle with the US Securities and Exchange Commission (SEC) to make him think the lawsuit would likely end next year. Whatever the outcome, the results of the lawsuit are expected to have a widespread effect on the cryptocurrency industry as a whole.

Thus far, the ongoing legal battle between the SEC and Ripple has interfered with the potential of Ripple’s digital coin ([XRP](https://coinmarketcap.com/currencies/xrp/)). The XRP coin has _not_ enjoyed the same rate of success as other lesser-known digital assets, but all things considered, the XRP coin _is_ up more than 130% year-to-date which is quite an accomplishment for such an embattled company.

The XRP has been on a downward trend since hitting a ceiling of 1.35 on Nov. 11th, and if the XRP coin should fall to .85, many believe it would be the key support point for XRP and a good opportunity to buy again.

If the outcome of the SEC affair leans in Ripple’s favour, many believe it would send the market into a massive buying frenzy. If what Garlinghouse says is true, we don’t have much longer to wait.

## Dogecoin - Most “Googled” Cryptocurrency

Continuing our crypto market round-up, we move to Dogecoin.

It can only be interpreted as a ‘positive’ for the cryptocurrency that was originally created as just a joke by a couple of software engineers back in 2013. Dogecoin became the most-googled cryptocurrency in more US states than crypto titans Bitcoin and Ether combined. So, will Doge go up based on recent popularity surges?

According to research by [The Advisor Coach](https://www.theadvisorcoach.com/), a financial advisor, Dogecoin, a cryptocurrency that is based on an internet meme of a Japanese Shiba Inu dog, was the most Googled cryptocurrency in more than 20 states, including Florida, Illinois and Michigan.

2021 has been a great year for Dogecoin thanks largely to mega-boosters like Tesla CEO, Elon Musk, who has made positive remarks about the cryptocurrency on Twitter and has even hinted at the possibly of accepting Dogecoin as a form of payment for his car models. Dogecoin is up approximately 5000% since it was introduced, according to some valuations.

## Crypto Wallet Start-up BRD Bought

Crypto wallet start-up BRD, formerly known as Breadwallet, has been acquired. BRD is behind the digital asset Bread (BRD) and once news of the acquisition by Coinbase was announced, crypto investors were buying.

The price of BRD coin immediately went stratospheric, achieving a 500% plus increase in value within just two hours of the news being announced.

BRD went from approximately $0.16 and peaked just over a dollar per coin ($1.01).

BRD co-founders Adam Traidman and Aaron Voisine said that deal ‘will accelerate the company’s decentralization goals’ and that ‘nothing will change’ for users following the company’s acquisition.



Will Doge Go Up & Is it Time to Buy XRP?

The cryptoverse is awash with stories of record returns from cryptocurrency meme coins like Doge and, more recently, Shiba Inu.

However, does the hype match the reality and how wise is it to invest in a meme stock?

## What is a Meme Coin?

A meme coin is essentially a cryptocurrency which is based on a joke or a meme and uses that tenet as its primary marketing feature.

The most well-known meme coin is Doge, which is based on the famous meme of the same name.

However, unlike other cryptocurrencies, meme coins are generally used for trading or investing with little to no utility.

That said, meme crypto Shiba Inu has seen a massive spike in interest over the last six to 12 months and has recently been accepted for payment in a Paris restaurant.

## Open-Source Technology

Many cryptocurrency projects are a result of open-source technology essentially meaning that the creators share the code which enabled them to build the original project.

This revolutionary approach to development has helped provide the catalyst for the boom in crypto over the past three to four years. Many new entrants ‘fork’ from an original code to produce an entirely new coin with a slight modification. Doge, for example, is a fork from the original Litecoin code.

## Meme Coin Hype

So, what is all the hype about? As I mentioned above, the majority of meme coins on the market today are used for trading and investment purposes with buyers looking for an opportunity to purchase the next Shiba or Doge coin before they hit the big time.

With stories of $8,000 becoming $5.7 billion in a little over a year it is easy to understand why. However, with 222 meme coins listed on coinmarketcap.com, picking the next investment rocket may be easier said than done.

## A Serious Investment?

As more capital pours into meme stocks people will continue to sit up and take notice. This, in turn, is bringing more serious investment and leading to developers looking for ways to upgrade the network and provide meme coins with an actual use case which is something we have seen this week in Paris.

What is a Meme Coin?

In a recent tweet, Elon Musk has called Dogecoin (DOGE) the 'people's crypto'.

Elon Musk [tweeted](https://twitter.com/elonmusk/status/1452348126753349640): "That’s why I decided to support Doge – it felt like the people’s crypto." The meme coin has seen an increase in popularity recently as Musk has shown his support for the coin publicly. However, Dogecoin is still around 63% away from its lifetime peak despite Musk's attempts to send the meme coin soaring.

## SHIB Competes with DOGE

Competing meme coin, Shiba Inu (SHIB) has recently skyrocketed over 500% and has recently taken the lead ahead of Dogecoin. Elon Musk took to Twitter to say that he isn't holding any SHIB, only DOGE. Shiba Inu [tweeted](https://twitter.com/ShibaInuHodler/status/1452313323261861891?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1452332435266576395%7Ctwgr%5E%7Ctwcon%5Es2_&ref_url=https%3A%2F%2Fu.today%2Felon-musk-calls-dogecoin-peoples-crypto-rejects-shiba-inu) 'Hey [@elonmusk](https://twitter.com/elonmusk) How Much [Shib](https://twitter.com/search?q=%24Shib&src=cashtag_click) You Are Holding!' to which the businessman replied 'None'.

## Puppy Post Boosts SHIB

Musk shared an image of his puppy a few days ago which helped to boost SHIB up the market ranks, but after he has admitted not owning any SHIB, the meme coin is reportedly down 15%.

Dogecoin has been struggling to keep up with Shiba Inu, but is now up 12% in the last week thanks to Musk's tweet.

Find out more about [Dogecoin](/coins/doge)

Latest Moni

Latest DOGE News

Read the latest DOGE news here.