Dogecoin Is Breaking Out Of Its Meme Coin Status, Here’s Why
Dogecoin (DOGE), the OG meme cryptocurrency, is one of the earliest assets to enter the market. The cryptocurrency made its debut as a joke back in 2013. Billy Markus and Jackson Palmer created DOGE as a playful alternative to Bitcoin (BTC). Despite this, the asset got a lot of recognition throughout the years. Several celebrities and institutions were seen embracing the meme coin. Amidst this, a recent report by 21Shares highlighted how Dogecoin is emerging as a serious cryptocurrency and not just a meme coin. Also Read: Tesla Chair Cashes Out $32M in Tesla Stock, Extending 2024–25 Selloff $1.24 Could Be The Next Target For Dogecoin Source: Watcher Guru The cryptocurrency community is currently focused on exchange-traded funds (ETFs). More recently, 21Shares filed for a DOGE ETF. Following this, the firm highlighted its inclination towards the meme coin through a report. The report sheds light on how Dogecoin could be a significant addition to any investor’s portfolio. In additio...