Dogecoin: The driving force behind the adoption of Cryptocurrency

With every day passing, more and more people want to enter the Crypto market, transferred by success stories made through cryptocurrency such as Ethereum, Binance coins and of course Bitcoin. However, as Changpeng Zhao's comments in today's tweet, currently a big boost for Crypto's adoption is Dogecoin, a virtual prank currency made in 2013.

Dogecoin moves Cryptocurrency.

Only a few can imagine just a few months ago that Dogecoin, Cryptocurrency inspired by Japanese dogs, would be the most relevant virtual currency in the current Crypto market. It is thanks to a large bullish rally in the price that has doubled the value several times in a few weeks. Without seemingly ending soon.

The big driver of the cryptocurrency adoption is Dogecoin. Source: coinmarketcap.

This unexpected increase in Dogecoin prices is caused by two sources. On the one hand, the richest person in the world, Elon Musk, has devoted most of his Twitter posts in a few weeks to show his public support for Cryptocurrency. Directing thousands of investors around the world to enter the Crypto market

On the other hand, the Reddit Group Satoshi Street bet, also plays a role. Mimicking Modus Operandi Reddit Wall Street bet, young people in Satoshi Street have invested massively in Dogecoin, riding a price. And of course, as mentioned by Changpeng Zhao on his Twitter account, to increase knowledge throughout the world about Crypto assets:

"People often ask me what will be the next big thing that will lead to the adoption of Cryptocurrency, and I never thought the answer was: a dog."

So, Changpeng Zhao not only highlights the benefits made by those who acquire Dogecoin in the early days. But also, this positive role played by this bullish rally in making crypto currencies known throughout the world. So by increasing adoption, beyond speculative madness behind doge.

Source .marseillenews.net