The rise of a Digital currency from a Meme, it might sounds impossible, although it possible and we have witnessed that with Dogecoin. It started with a meme – a meme of a Shiba Inu. The same has spread to the most remote corners of the internet. It made people laugh. It made people happy. Almost immediately after its initial release, a community had rallied to the new cryptocurrency. They raised more than $ 55,000 for the Jamaican bobsleigh team to compete at the 2014 Olympic Winter Games
Since then, the community has grown and the price of DOGE has exploded. Of course, it’s still worth much less than $ 0.01, but it’s not necessarily a bad thing.
What happens to Dogecoin Creator?
The recent buzz in the Twitterverse crypto was about Jackson Palmer, the creator of Dogecoin [DOGE], and his actions on social media descriptors.
Many users noticed that Palmer first removed the videos and other content from his YouTube channel, after which he made his Twitter account private. Although the computer programmer does not delete his profile, there is no valid reason for it, but some online users think that this was done after Palmer received a lot of negative feedback after a recent discussion.
Ar_crypto, cryptocurrency enthusiast, commented:
“On Twitter, he had a skeptic – analytic position about cryptocurrency and blockchain and it was always refreshing to many, myself included, to listen to his opinion and for that he had many followers and he managed to produce a lot of quality conversation. But more recently he focused more on other issues like identity politics for which he got a lot of negative replies as one would expect. That probably influenced his decision to delete Twitter as well as the prevalent tribal mentality in many cryptocurrency communities.”
Palmer himself explained the removal of his YouTube channel, citing the reason, invoked by other users personifying him online for harmful activities. Palmer had already made the headlines when he had exchanged notes with Elon Musk on Twitter about stopping bots to spam user feeds. In response to Musk’s request to get rid of spammers, Palmer tweeted:
“If you DM me (your DMs aren’t open), I’ll send you the script – it’s short, simple and you just run it with cron somewhere.”
Will dogecoin increase in value? Let’s take a comprehensive look at Dogecoin potential and speculate dogecoin price in 2020 in our dogecoin price prediction 2019 and dogecoin price prediction 2020.
Dogecoin Price Analysis
Dogecoin is one of the few digital currencies to have experienced sustained growth so far this year. Dogecoin’s price had a stable trend before the sharp rise earlier this month, according to data from coinmarketcap.com.
Soaring prices earlier this month resulted in an increase of more than 100% in dogecoin price. However, the digital currency is now below this level and is now around the $ 0.0027 level. Dogecoin is currently supported at the $ 0.00265 level. The current price of the Dogecoin USD is now $ 0.00274, after falling about 4% in the last 24 hours. On the upside, the immediate resistance of the coin is at the $ 0.00280 level. Will the price of the Dogecoin drop go down before it corrects again higher?
According to some analysts, the price of Dogecoin (DOGE) could fall to the level of $ 0.002 before recording a new surge in prices. However, the short-term Dogecoin price forecast is $ 0.0045 or $ 0.0055 at the end of the quarter. While many digital asset investors are expecting a price forecast of 1,099 Dogecoin at $ 1 by the end of this year, some analysts believe the coin will close the year around the $ 0.009 level.