Dogecoin (DOGE) is very popular among Indodax members. Do you know how DOGE can go viral or become a favorite crypto asset for members around the world?
Dogecoin (DOGE) is a crypto asset that is a fork of Litecoin in the mining zone. Meanwhile, Litecoin is a fork of Bitcoin. DOGE has a limited supply (limit supply), which is only 127,928,673,749 DOGE in circulation
DOGE was created by Jackson Palmer in 2014. The name is taken from the DOGE dog meme. Impressed to joke to make this crypto easier to remember.
Reddit Forum Community
Naturally, DOGE memes are used to make them easy to remember because DOGE is being used for the first time from the Internet platform Reddit. The platform is almost like Kaskus, which is a forum platform that discusses everything.
At the end of January 2021, the crypto asset community on the platform was not playing games. They took a buying action to increase the DOGE price.
Bomb! DOGE prices fly.
Initially it was only Rp170 in the Indodax market, then it reached Rp1.00. This makes DOGE reach its highest peak in history (all time high / ATH). The action started with a post belonging to an account called SatoshiStreetBets.
Although the increase was temporary, and DOGE has returned to the Rp500 level, many people are taking profit
Chart DOGE from January 2021
Price Increased Up Because Tiktok
Previously, in 2020, DOGE was viral and increased after the crypto community in the United States popularized DOGE through Tiktok. Indeed, the Tiktok application is now widely used around the world.
The DOGE price increase at that time managed to touch 100%. Initially DOGE was sold for only IDR 46 coins, increasing to around IDR 80 per coin.
At that time, DOGE was still cheaper, less than Rp. 100. However, this is where DOGE was originally popularized. DOGE is believed to penetrate USD1 or around IDR 14,000.
Popular Because Elon Musk
At the end of last year, Tesla Inc CEO Elon Musk posted on Twitter about DOGE.
“One Word: DOGE” he said. He also wrote “Former CEO of Dogecoin” on his official Twitter bio. However, now Elon Musk has changed his profile to #Bitcoin.
DOGE is back viral and discussed. Massive purchases took place. This of course raises the price. A few days later, DOGE was on the rise again. At that time DOGE climbed back to Rp. 194 from the price below Rp. 100.
Within 3 days, the DOGE increase has passed 150%. If we count from the beginning of 2020, the increase in DOGE is even more fantastic. Because early 2020 it was still IDR 28, the DOGE increase increased by 592%.
Chef Arnold mentioned DOGE
Celebrity Chef Indonesia Chef Arnold turns out to be a member of Indodax. After Elon Musk’s post, he also posted DOGE on his official twitter account.
He admits that investing in crypto assets is an additional income in addition to his job as a celebrity chef.
When DOGE increased to Rp1,000, Chef Arnold also posted hoping that the crypto asset would increase to USD1 or Rp.14,000 so he could buy the sport car of his choice.
