Dogecoin is a cryptocurrency that started as a joke in 2013 and became the highlight of the crypto space in 2021. Last year, DOGE saw a surge of over 200% as [Elon Musk](/news/article/elon-musk-doge), Tesla Founder, started advocating for the token.  

However, today, the [Dogecoin price](https://coinmarketcap.com/currencies/dogecoin/) is stuck around $0.065 only. Its lack of real-world usage and dying hype are some reasons behind its decline. That’s why many investors are opting out and selling their Dogecoins. 

If you are looking to sell DOGE after considering the current market trends, follow this simple stepwise guide!
How to sell Dogecoin?

### The following guide will show you how to sell DOGE in a step-by-step manner:

1.	Find out a crypto exchange to sell DOGE 
Firstly, find a credible crypto exchange through which you can sell your Dogecoins. You can trade this cryptocurrency on numerous exchanges; you should go for popular and credible names like Binance, Kraken, OKX, or Coinbase.

In addition, you should check the trading fees and the withdrawal fees on each. Besides, consider the exchange rates for tokens or fiat currencies.  

2.	Set up your account
Afterwards, set up your account on the exchange so that you can send and sell DOGE through it. It will be a straightforward process, where you will need to provide your email and phone number. Then set up a secure password and verify your details through the verification code provided via email. Finally, agree to terms and conditions and proceed with signing up.

3.	Transfer Dogecoin to your exchange wallet
Once you have set up your account on the exchange, you will be ready to send your Dogecoins to its wallet. You can do that simply by going to the wallet, choosing Dogecoin as your depositing token, and proceeding with the deposit. 

It will open a form where you would need to fill in the details of the amount and from where you want to transfer your Dogecoins. Here copy-paste your wallet address, where you currently hold the coins. Verify the address and insert the amount of transfer. Finally, click on send and wait for the deposit confirmation. 

4.	Finally, sell Doge!
Now, sell DOGE by either selecting a limit or market order. A limit order allows you to exchange Dogecoin at your desired limit, while a market order allows you to sell at the current market price of the coin.  

## Conclusion

Selling Dogecoin is a straightforward procedure that includes selecting a trusted exchange and creating an account there. After that, transfer your Dogecoins to the exchange wallet and finally sell DOGE through either limit order or market order. This guide only simplifies the procedure of selling this digital coin. Therefore, it’s advisable to conduct your research before making financial decisions.  



Sell DOGE in 4 Simple Steps

For the CEO of Tesla, Elon Musk, base layer transactions of the Dogecoin (DOGE) chain are far more superior to Bitcoin and Ethereum’s.

Recently he commented on his support for Dogecoin, saying the token actually has “a much higher transaction volume capability than Bitcoin, and the cost of doing a transaction, the Dogecoin fee, is very low". 

"Right now, if you wanted to do a Bitcoin transaction, the price of doing that transaction is very high. So, you could not use it effectively for most things," he said.

In his latest pubic speech at the Qatar Economic Forum, Musk reiterated his support for DOGE although the meme-based cryptocurrency plunged from an all-time high of $0.76 in 2021 to a price of $0.068 at the time of writing.

Musk is currently facing a[ $258 billion lawsuit over allegations](https://news.monitalks.io/news/article/elon-musk-dogecoin) his companies SpaceX and Tesla are part of a racketeering scheme to back Dogecoin. He explained his love for the currency by saying he met many people who were not rich but who encouraged him to buy the token. “I am responding to those people,” he said.

He also clarified that while Bitcoin and Ethereum “are pursuing a multilayer transaction system”, their base layer transaction rate is slow and transaction cost is high. 

“There is merit to Doge maximizing base layer transaction rate and minimizing transaction cost with exchanges acting as the de facto secondary layer,” [he elaborated](https://twitter.com/elonmusk/status/1413396249546563586).

## Dogecoin more scalable than Bitcoin according to Mr Musk

When talking about the differing monetary policies between Bitcoin and Dogecoin, Musk said that low issuance rate could result in hoarding and discourage spending. 

Bitcoin cuts the issuance rate in half roughly every four years, while Dogecoin has an unchangeable issuance rate.

“It won’t need to reach visa speed, as regulated exchanges will act as de facto second layer. But the perfect should not be the enemy of the good – it is still good to increase base layer transaction speed & lower base layer transaction cost,” Musk concluded.

The thing is straightforward, after all -  Dogecoin is more scalable because of its layer-one protocol that doesn’t need one more network. The term layer-one is used to define the primary blockchain architecture. Layer-2, on the other hand, is a network that appears at the top of the underlying blockchain.

Even though Bitcoin advocates have been slamming Musk's tweets, saying he's making a groundless admonishment of the widely-adopted cryptocurrencies, the cost and speed of the Bitcoin blockchains have actually been problematic in the past. However, recent upgrades have improved both.


Elon Musk's view on base layer functionality

According to Tesla's newest Q2 financial statement, Bitcoin was one of the essential items that impacted the operating income.

As per the official data, the operating income improved year-to-year to $2.5 billion in the second quarter, resulting in a 14.6% operating margin.

"As of the end of Q2, we have converted approximately 75% of our Bitcoin purchases into fiat currency," Tesla's statement said, adding: "Conversions in Q2 added $936M of cash to our balance sheet."

However, during the regular quarterly investor call, the company's CEO, Elon Musk, revealed that even though Tesla holds Dogecoin as well, it didn't convert any of that into fiat.

 "We still have it," Musk claimed.

Just a month before, speaking at the Qatar Economic Forum in Doha, Musk confirmed he supports Dogecoin, reiterating that Tesla accepts the currency as payment for its products. He also announced that his company SpaceX intends to do the same.

Musk says he intends to 'personally support' Dogecoin in response to the many people who are not wealthy and have encouraged him to buy and support DOGE.

## Tesla’s Musk – Bitcoin and Dogecoin advocate

Back before, Musk was [pretty vocal](/news/article/elon-musk-bitcoin) about owning Dogecoin. However, he never confirmed that Tesla or SpaceX have it in their portfolios. It is not known whether the assets left in crypto are remaining Bitcoin or, perhaps, Dogecoin.

If we try to calculate how much Bitcoin Tesla has left, we should look at the sheet where it says the company owned 42,000 Bitcoin heading into the second quarter.

After the company sold 75%, there should be 10,500 at the quarter's end. We can only presume that the snapshot was taken somewhere at the end of June when fiscal Q2 ended. At the time, 1 Bitcoin was worth somewhere between $18,750 and $20,300. This could mean that there are 10,500 coins, of which $197 to $213 million are Bitcoin.

Musk has been a crypto advocate for years and was pretty influential in market moves. In 2021 he helped Bitcoin jump after admitting Tesla bought some for its corporate vault.


Tesla Bitcoin Sale Confirmed by Elon Musk

There has been lots of buzz about altcoins recently, making most crypto investors wonder if they are missing out on something big. But what is the altcoin buzz really about?

To fully understand the altcoin buzz, you first need to know what an altcoin is. 

## What are Altcoins?

Any digital currency that isn't [Bitcoin](/coins/btc) is an altcoin. The word "altcoin" is a portmanteau of "alternative" and "coin" to form "altcoin". It refers to a group of cryptocurrencies - all the coins other than Bitcoin. 

By market capacity, the top three altcoins are Ethereum, USD Coin, and Tether (USDT). Ethereum is the most popular. Other examples of altcoins are Shiba Inu, Solana, Litecoin, Dogecoin, XRP, Binance coin(BNB), ApeCoin(APE), and SandBox.

The first altcoins started in 2011, and now thousands of them exist. Early altcoins strived to improve Bitcoin's traits, such as transaction speeds or capacity efficiency. More recent altcoins perform a variety of tasks.
Different types include:

[Stablecoins](https://www.investopedia.com/terms/s/stablecoin.asp): Cryptocurrencies constructed to follow the price of another currency. Most of the biggest stablecoins are pegged to the US dollar and try to emulate its value. If the price fluctuates, the issuer of the coin will take actions to amend it. Examples include Tether(USDT), USD coin(USDC), and Dai(DAI).

Staking-based: These cryptocurrencies use a technique called staking to verify transactions and augment more coins to the stock. Owners of a staking-based cryptocurrency can select to stake their coins, meaning they're committing those coins to be used for transaction processing. The cryptocurrency's blockchain policy assigns a partaker to verify a block of transactions. In return, participants receive crypto prizes.

Mining-based: This cryptocurrency category uses a mining method to validate transactions and expand more coins to the supply. Miners use gadgets to solve mathematical equations. Naturally, the first miner to decipher the equation gets to validate a block of transactions. In return, miners who validate blocks obtain crypto bonuses.

Governance tokens: They are cryptocurrencies that bestow owners voting rights to help form the future of the project. In most cases, these tokens allow you to develop and vote on suggestions associated with the cryptocurrency.

## Are Altcoins Reliable and the Future of Cryptocurrency?

Future values of altcoins are hard to predict, but if the blockchain they were designed is used and developed, the altcoins are likely to continue and prosper.

With the current state of Bitcoin now, everyone is getting an education on other options they can invest in and use for transactions.

Each time Bitcoin drops in value is an opportunity for altcoins to rise and receive more investment. In recent months, there has been altcoin buzz because of the state of the market.

## Conclusion 

As we all know, Bitcoin is the biggest cryptocurrency. But the value has been hit in recent months, meaning crypto investors have looked at alternatives.

That has increased the altcoin buzz, as investors investigate the top altcoins to invest in and learn more about in times of a crypto crash.

Expanding an investment portfolio beyond Bitcoin can be sensible, especially as some altcoins could deliver significant profits.

As ever, before choosing to invest in any cryptocurrency, ensure you conduct thorough, independent research.


Altcoin Buzz: What's It All About?

While [Bitcoin](/coins/btc) is the big boy of the crypto world, many other coins, known as "altcoins," have emerged in recent years. But which are the altcoins to watch?

Finding the most outstanding altcoins can be difficult due to the many options available, but it's well worth it because these currencies can often yield triple-digit returns.

We've conducted research and put together some of the most interesting altcoins to watch closely in 2022, in no particular order. But first, we need to understand what an altcoin is.

## What are Altcoins?

The term "altcoin" is made up of two words: "alt" and "coin," where alt means "alternative" and coin means "cryptocurrency". They denote a type of cryptocurrency alternative to the digital Bitcoin currency when used together. Following Bitcoin's success, a slew of alternative peer-to-peer digital currencies sprung up to compete.

## Top Altcoins in 2022

### Litecoin: Litecoin (LTC) is a cryptocurrency that was founded in 2011 as a result of a fork in the Bitcoin blockchain. It was created in response to developer worries that Bitcoin was becoming too centralised and making it more difficult for large-scale mining companies to obtain an advantage in mining. For example, a Bitcoin block takes roughly 10 minutes to mine, but a Litecoin block only takes two and a half minutes. The supply of Litecoin is set at 84 million, and the current reward for mining a block is 12 and a half Litecoins, which will be cut in half in 2023.

### NEO: NEO is a Chinese-based blockchain platform, cryptocurrency, and network for decentralised programmes, or dApps. It was influenced by networks like Ethereum, but with a few significant technological changes.
According to its designers, NEO was created for the "Smart Economy", which combines digital assets, digital identities, and smart contracts into one seamless environment. The goal of NEO was never to destabilise China's fiat currency but rather to assist the country's economy is transitioning to the blockchain era.
Despite the Chinese government's crackdown on ICOs and cryptocurrencies, NEO has been able to raise the funding necessary to develop and launch its initiatives, fueling concerns about a possible link between the business and Chinese officials.

### [STELLAR (XLM)](https://coinmarketcap.com/currencies/stellar/): Stellar is a decentralised network that allows users to generate, send, and trade various cryptocurrencies. It was founded in 2014 and debuted in 2015 with the goal of connecting the world's financial systems into a single network.
Like other blockchain-based decentralised platforms and exchanges, Stellar is distributed across numerous servers. This means that a single entity does not supervise the behavior on Stellar. Stripe, one of the major payment gateways in the world, stated plans to replace Bitcoin with XLM in early 2018. As a result of this news, Stellar's price increased by 20% due to this announcement, cementing the coin's position as a Bitcoin alternative.

### ETHER (ETH): The cryptocurrency utilised on the Ethereum blockchain network is called Ether. Ether is known to be the second-largest cryptocurrency in the world, after bitcoin, in terms of market capitalisation. Hence it might be called the largest of the 'altcoins.'
Vitalik Buterin, a programmer, introduced Ethereum as a platform in 2013, and the network went online in 2015. It's mostly used as a decentralised finance platform, but it's also been used to assist with developing other altcoins via initial coin offerings.

### DOGECOIN ([DOGE](/coins/doge)): Dogecoin is the final altcoin we'll discuss in this article, and it's one of the most recent to get mainstream notice. This interest is partly due to celebrity endorsements like Elon Musk, Snoop Dogg, and Gene Simmons on social media.

Dogecoin began as a parody of cryptocurrencies, but it has since grown in market value and popularity. Dogecoin is a digital asset based on a fork of the Litecoin code that serves as an accessible entry point for crypto newcomers. It is based on a division of the Litecoin code. Since its inception in 2013, Dogecoin's popularity has sparked the development of a slew of copycat memecoins, which have grown into their [industry](https://prnews.io/blog/video-journalists.html) of fun digital assets that demonstrate the market worth of internet culture in the digital economy.

## Conclusion

Some people see this low-price phase as an opportunity to increase their crypto holdings before prices rise again. However, much depends on your financial situation and expectations for how crypto will perform in the long run.

Buying crypto may make sense if you only invest money you can afford to lose and have other financial goals, such as retirement savings and an emergency fund.

These altcoins may be interesting in July for various reasons, but don't buy them hoping for a quick profit. Furthermore, don't buy something just because the price appears low; it could go lower. Instead, take time, thoroughly investigate the topic, and maintain a long-term perspective.


Altcoins to Watch: The Top 5

Elon Musk  has found himself in the news again as The Boring Company, an infrastructure and tunnel construction services company owned by the serial entrepreneur announced that customers can pay for rides on its Las Vegas transit system “Loop” using Dogecoin (DOGE).

This announcement was made on Wednesday, July 6, per a report by Cable News Network (CNN). This news comes on the back of May’s announcement of SpaceX soon accepting Dogecoin as a payment option for merchandise, joining Tesla.

Loop allows passengers to travel in Tesla vehicles driven by humans at around 35 miles per hour (mph). Riders need to scan a QR code to buy a ticket. As of July 2022, Loop rides are free. 

With that said, the company plans on rolling out charges to passengers in the not-too-distant future. Despite the listing of DOGE as a payment method, customers who are not interested in the use of the meme-inspired currency are free to use other alternative methods of payment. 

In 2021, while [DOGE](/coins/doge) reached new price milestones, The Boring Company landed a great deal to construct more than 50 stations which is a part of a massive tunnel network underneath Las Vegas. 
 
This year has not been good for cryptocurrencies and the first meme-inspired digital currency has been one of the hardest-hit coins. 
As of 11:15 a.m. BST on Thursday, July 7, DOGE was down 90.76% from its all-time high (ATH) of $0.7376 recorded on May 8, 2021, per data from CoinMarketCap.

The coin was exchanging hands for $0.06879, had a trading volume of approximately $378.62 million, and this corresponded to a market capitalisation of around $9.12 billion. 

Despite the downturn of the market, this statistic is impressive since it maintains DOGE as a medium-cap digital asset (at least $2 billion and at most $10 billion in market value) which continues to make strides to reclaim its large cap status. 

Despite being [sued](https://www.monitalks.io/coins/doge) by an investor for billions of dollars lost in Dogecoin investments, Musk took to Twitter to say, “Support DOGE wherever possible.”





Elon Musk’s Vegas Loop starts accepting  DOGE payments

Dogecoin is the meme cryptocurrency which made headlines in 2021 with rapid and massive value increases. Looking ahead, many are asking, 'is DOGE going up?'. Here we look at the Dogecoin price predictions for the years ahead.

## What is Dogecoin?

Dogecoin (DOGE) is an open-source, peer-to-peer cryptocurrency. It is an altcoin and known as a snarky meme currency. Dogecoin was launched in December 2013 with a Shiba Inu dog logo. Unlike Bitcoin, which was created to be limited, Dogecoin was designed to be numerous, with 10,000 new coins generated every minute and no maximum supply.

## What makes Dogecoin valuable?

Like any other asset, [DOGE](https://www.monitalks.io/news/article/elon-musk-dogecoin) is valued by the market based on supply and demand. Given the large supply, demand has had to skyrocket to drive prices as high as they have recently. That happened early in 2021, when prices soared by around 7,000%. This was partly thanks to retail investors on Reddit (such as the wall street bets subreddit that ignited the "meme stock" craze) working together to increase prices. The price rise was also helped by the blossoming crypto boom, and months of apparently tongue-in-cheek tweets by Tesla founder Elon Musk, punctuated by his appearance on Saturday Night Live in May 2021.

The rapidly increasing value of DOGE in 2021 attracted media, and social media, attention. This created a loop, attracting new investors, which, again, drove prices up. When an asset significantly increases, FOMO (fear of missing out) draws a flood of new traders. DOGE is a very volatile cryptocurrency, and there is no assurance that it will rise or fall in value in the future.

## Dogecoin's ascension

With the Japanese dog Shibu Inu as its emblem, Dogecoin advertised itself as a "fun" alternative to Bitcoin. The informal introduction of Dogecoin matched the tone of the emerging crypto community. Its script algorithm and limitless supply defined a speedier, more versatile, and user-friendly form of Bitcoin.

Dogecoin is an "inflationary coin". In contrast, cryptocurrencies such as Bitcoin are deflationary due to a cap on the number of coins that may be issued.
The Dogecoin network donated 27 million Dogecoins (about $30,000) in January 2014 to sponsor the Jamaican bobsled team's journey to the Sochi Winter Olympics. A few months later, the Dogecoin community gave $11,000 in Dogecoin to help build a well in Kenya and $55,000 in Dogecoin to help NASCAR driver Josh Wise.

## What can you do with Dogecoin?

Dogecoin has been chiefly utilized on Reddit and Twitter as a tipping mechanism to reward the creation or sharing of high-quality content. You may obtain free Dogecoin by joining a digital currency group or get it via a Dogecoin faucet. A Dogecoin Faucet is a platform that will offer you a small quantity of Dogecoin for free as an introductory to the currency, allowing you to start engaging in Dogecoin communities. You buy or sell Dogecoin on any exchange supporting the digital currency, hold it in a Dogecoin wallet or on an exchange, or tip it in any Dogecoin-accepting community.

## Dogecoin's price prediction - is DOGE going up?

### Dogecoin Price Forecast 2023

Based on recent year's Dogecoin pricing, it is estimated that the minimum price of Dogecoin in 2023 will be about $0.15. The most likely DOGE price is approximately $0.17. In 2023, the average trade price might be $0.15.

### Dogecoin Price Forecast 2024

Based on the technical research by cryptocurrency experts about the values of Dogecoin, in 2024, DOGE is anticipated to have the following lowest and maximum prices: roughly $0.21 and $0.26, respectively. The projected trading cost is $0.22 on average.

### Dogecoin Price Prediction 2025

Cryptocurrency specialists have studied the values of Dogecoin and their changes over the last years. It is anticipated that in 2025, the lowest DOGE price will drop to $0.30, while its highest can reach $0.37. The trade cost will be roughly $0.31 on average.

### Dogecoin Price Forecast 2026

According to crypto specialists' study of Dogecoin costs, the following maximum and minimum DOGE values are projected in 2026: $0.52 and $0.45. It will be traded at $0.47 on average.

### Dogecoin Price Prediction 2027

Cryptocurrency specialists are continually studying dogecoin swings. According to their forecast, the average [DOGE](https://dogecoin.com/) price will be about $0.70. It might fall to a low of $0.68, but it could rise to $0.78 by 2027.

### Dogecoin Price Forecast 2028

Every year, cryptocurrency analysts anticipate the price of Dogecoin. In 2028, DOGE is expected to trade between $0.98 and $1.18. Throughout the year, the average cost is predicted to be approximately $1.01.

### Dogecoin Price Prediction 2029

Cryptocurrency specialists are set to disclose their estimations of Dogecoin's price. The maximum DOGE price of $1.65 will define the year 2029. However, the rate may fall to approximately $1.43. So, the predicted average trading price is $1.47.

### Dogecoin Price Prediction 2030

After studying the Dogecoin pricing, crypto specialists have arrived with their DOGE price prediction for 2030. It will be traded for at least $2.05, with a possible high of $2.42. As a result, the DOGE price in 2030 is expected to be roughly $2.11.

## Is Dogecoin a good investment?

Overall, Dogecoin lacks the real-world usefulness to sustain long-term rising momentum. The enthusiasm and publicity produced by the mainstream media drove the coin's first price climb. DOGE has continuously underperformed after these circumstances have subsided.

As a result, we believe that Dogecoin is particularly well suited to risk-seeking traders who are willing to initiate a position based on hope rather than expectation. DOGE can still deliver good returns, but it's certainly not the greatest crypto investment for risk-averse investors.


Is DOGE Going Up?

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 Altcoin Season Index tracks whether investor interest points towards altcoins or [Bitcoin](/coins/btc). Normally, if three-quarters of the top 50 coins by market capitalization outperform Bitcoin over the last quarter (3 months or 90 days), the index could be called altseason.

On the other hand, if 75% of the top 50 coins cannot outpace Bitcoin regarding price performance in the last season (90 days), then there is Bitcoin Season.

[Altseason](/news/article/altcoin-season) is when there are more inflows into alternate coins than into the largest digital asset by market capitalisation, BTC.

## Importance of Altcoin Season Index 

Savvy crypto traders and investors use the altcoin season index to make decisions on whether they have to invest in altcoins or inject more money into Bitcoin.

A great example of the relevance of the Altcoin Season Index can be attributed to the current crypto climate, which is the second quarter (April to June) of 2022.

In April, the crypto altcoin season returned as Bitcoin dominance faded. An index of 100 tokens outperformed Bitcoin in March. Investors who wanted to diversify their assets in case Bitcoin plunged to new high lows bought more altcoins. They were not wrong, as the market crash of May led by Do Kwon's Terra project signaled a steep decline in all cryptocurrencies, with Bitcoin taking much of the fall.

In April, May, and June, the top 50 cryptocurrencies - including Ethereum (ETH), Binance Coin (BNB), Cardano (ADA), Ripple (XRP), Solana (SOL), Dogecoin (DOGE), Polkadot (DOT), TRON (TRX), Avalanche (AVAX), Shiba Inu (SHIB), Polygon (MATIC), FTX Token (FTT), Litecoin (LTC), Chainlink (LINK), Stellar (XLM), Uniswap (UNI), and Bitcoin Cash (BCH) - have not outperformed Bitcoin.

Although BTC has reached the same price levels as 2020, collectively, these cryptocurrencies and others have shed more in market value. Therefore, we can say that we are in Bitcoin Season and not altseason.
It is not surprising to see trader interest reflected in the liquidity of Bitcoin. Though much of this is related to huge selling due to the bearish trends of the market, high investor interest relative to a low-priced asset is a sign of positive reserve risk.

## How does Altcoin Season Index Relate to Bitcoin Fear and Greed Index?

Bitcoin [Fear and Greed Index](https://edition.cnn.com/markets/fear-and-greed) and Altcoin Season Index rely on BTC to make conclusions about crypto seasons.

Bitcoin Fear and Greed Index presents a bull market when the index is closer to 100 (greed) and a bearish market when the index is closer to 0 (fear). The performance of altcoins is measured against that of Bitcoin.

In conclusion, while we are not in an altcoin season in June, there is fear in the market concerning holding Bitcoin.


What is Altcoin Season Index?

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)

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