The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Dogecoin was actually created by software engineers Jackson Palmer and Billy Marcus in 2013 when the price of Bitcoin was rising rapidly. As an altcoin, Dogecoin was launched in about two hours. Designed. The creative inspiration of Dogecoin is actually based on Doge
meme, this is a Shiba who speaks broken English
Inu dog. There is no limit to the number of Dogecoins that can be issued, in order to demonstrate the absurdity of scarce digital assets. Although Dogecoin started out as a joke, it has now captured the public’s interest and become extremely popular. Many investors want to know how the price of Dogecoin is affected? Let the editor of the currency circle analyze the factors affecting the price of Dogecoin for everyone.

## How is the price of Dogecoin affected?

1.Wide audience

Dogecoin is large enough, reasonably priced, has a reasonable anti-inflation strategy, and will not lose its value easily. It can cover more audiences and has a good market foundation.

2. Historical accumulation

As an electronic currency, Dogecoin was born on December 12, 2013. Within just one week of its launch, Dogecoin became the second largest fee payment currency. Many people participate in Dogecoin trading not for speculation, but as a way to express sharing and gratitude. Have a good cultural background.

At the same time, it also has a good humanistic background and has made many achievements in charity. This includes sending the Jamaican bobsled team to the Sochi Winter Olympics, sponsoring a sports car dogecar that ranked among the top 20 in the competition, helping an MMA sponsor, and solving contaminated drinking water in West Virginia.

3. Star effect

In fact, Musk is the biggest contributor to the skyrocketing price of Bitcoin in recent times. On February 4 this year, Musk suddenly tweeted "Doge", and the price of Dogecoin quickly climbed by 50%. He then posted multiple tweets related to Dogecoin. He called Dogecoin his favorite digital currency and changed his Twitter account information to "former CEO of Dogecoin". In early April, Musk tweeted that he would use SpaceX to bring a Dogecoin to the moon. As soon as the news came out, Dogecoin skyrocketed, rising 15% that day.

## How high can Dogecoin rise in the future?

Musk has a soft spot for Dogecoin and has ordered Dogecoin many times. With the support of Musk and others, Dogecoin has increased more than 130 times in 21 years alone. At present, if Musk continues to endorse Dogecoin, it is not impossible for Dogecoin to rise to one dollar.

Dogecoin became the second largest tipping currency in just one week when it was launched. People participate in Dogecoin transactions just to express sharing and gratitude, which is similar to giving gifts in a live broadcast room.

The Dogecoin community is very interesting. They are also very smart. They don’t talk about making Dogecoin a public chain and cross-chain or how to package it in a high-end way. Instead, they are very down-to-earth. People in the Dogecoin community often use Dogecoin for charity, helping many people and institutions, as well as people in need. If there is one industry that everyone recognizes, it must be charity. Therefore, Dogecoin is very smart. It has always added charity to the basis of consumer culture. These two double-edged swords have made Dogecoin more prominent in the minds of ordinary people.

Because Dogecoin is very cheap and its avatar is a dog, it is also named Dogecoin. Dogs We know that dogs are mankind’s most loyal friends. No matter which country in the world they are in, dogs are people’s dearest friends. Therefore, the Dogecoin issued is very down-to-earth in all aspects.

I hope the above analysis of factors affecting the price of Dogecoin can help everyone understand how the price of Dogecoin is affected. Dogecoin was technically quite sound in the sense that it started out as just a copy of Litecoin, as a cryptographically protected online network that allowed users to send DOGE to Another user's, though its work is not as secure or decentralized as Bitcoin's. Dogecoin has never been very innovative, its block times are shorter than Litecoin's, and its biggest difference from Bitcoin is that its supply is uncapped and it is updated frequently to address bugs and shortcomings.