There will only be a small number of people who have yet not heard about Dogecoin. It is currently a hot topic in the market. Can you even think that a joke can worth a billion dollars? No, but it is true in the case of Dogecoin. Also, the investors are always curious about whether Dogecoin is safe to buy before 8 May 2021? Dogecoin price prediction
Dogecoin is a cryptocurrency that was first introduced as a joke on other crypto-securities like Bitcoin in the year 2013 by two software engineers. Its current price is $0.68 and has a market capitalization of 84 Billion USD which makes it bigger than some of the most prominent and old companies like BMW. It is a real story from Rags to Riches as Dogecoin was floating below 1 cent at the end of 2020 and now it is one of the top 4 cryptocurrencies in the market.
8th May Dogecoin Price Prediction
And what is with the 8th May Dogecoin price prediction? It is quite interesting to discuss as this whole fuss is created by none other than Elon Musk. We all know that he is the main reason behind this surge in Dogecoin’s prices from the beginning of this year as he is quite supportive of the crypto. Last week he wrote a tweet about the same. He is going to host Saturday Night Live and we will see some funny stuff on Dogecoin. As he did the tweet, traders got excited and it resembles the recent dogecoin’s floating. Its price is increasing day by day and if to be believed of the trend, it will touch its highest point on 8th May. That is the 8th May Dogecoin price prediction. And it is advisable to buy more of it before the said date because, after that, you can sell it in exchange for a significant sum of money. This is what almost every market expert is saying about the 8th May Dogecoin price prediction.
Young Generation and Investing
The young generation is begun to understand the concept of investing. They now understand that how important it is to learn to make money from money. In Jan 2021, 1.7 million Demat accounts were added when it comes to India. India’s total Demat account tally is 51.5 million which was 40.8 million and 35.9 million in the year 2020 and 2019 respectively. During the lockdown last year, people learned the importance of 2nd stream of income. According to stats, only 1% of people in India invest in the Share Market which is not viable at all. The importance that people are showing to investment can be the biggest reason behind the success of cryptocurrencies like Dogecoin.
Go and invest wisely. Let’s hope this 8th May Dogecoin price prediction proves to be fruitful to all the traders. Invest and help the nation to grow.
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