Last year, Bitcoin 
$110,260.54 Following the approval of ETFs and the victory of US President Donald Trump, the digital asset markets made rally. According to the market value, all of the 10 largest crypto currencies have reached new peaks in the last 12 months.
Why did Dogecoin be an exception?
Bitcoin, solana, BNB and XRP, such as large market valuable coins, while all of the new records, Elon Musk’s favorite breast coin Dogge, the highest level of all times in 2021 is still under more than 70 %of 0.73 dollars.
Coingecko data shows that Doge has recently been priced slightly above $ 0.21. Coin, Musk’s President Trump’s participation in the campaign trip last fall in the fall, and after Trump won the election, he continued to rise. However, it reached a summit of around $ 0.48 in December and has not been seen above $ 0.40 since January. Well, why?
According to Grayscale Research Manager Zach Pandl, investors are currently interested in digital assets, which are the most real benefits. Breast Coins do not have such benefit in a famous way.
Bitcoin is largely sold as a long -term value storage tool, while investors Ethereum 
$4,276.79He believes that his network is useful for applications such as stablecoins, which are digital tokens fixed to dollars that everyone wants to remove from JP Morgan to Meta.
Although it may seem that there is a demand for coin, Dogecoin 
$0.214179 In fact, it was created as a joke to make fun of the crypto world. Dgecoin later became a community when Tesla’s boss Elon Musk began to share the mes about Coin.
Elon Musk Effect
The richest man in the world and the CEO of SpaceX claimed that he loved it because his existence was “for the people, and that he was different from Bitcoin. He also said that he has the best understanding of humor ve and that he loved Dge because he loves dogs and memes.
Dogge was launched as being prepared for payments in the past; Billionaires and Musk, such as Mark Cuban from Shark Tank, said Coin’s Token economy would make it good for transactions. Cuban also said that the low price per coin has made it a being that people can really spend, unlike Bitcoin.
However, Dogecoin has not become widespread for transactions and is largely seen as a speculative and fun being. In addition, in recent years, investors have not provided the same benefits as Bitcoin or Ethereum.
According to the data of the digital asset management company Arca, many crypto currencies did not provide good return; 75 %of the tokens observed by the company showed negative return since the New Year.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
