Dogecoin started as a joke, but its recent developments are no laughing matter.
Doge was one of the four available cryptocurrencies (Bitcoin, Ethereum, Litecoin, Dogecoin) listed and available to purchase on “Yahoo Finance” as well as obtaining its own DOGE/USDT trading pair on Poloniex, and a proposed evaluation of a Dogecoin-Ethereum bridge known as Dogethereum.
News that is expected to significantly boost Dogecoin’s liquidity, price, and overall adoption rate.
A Crypto “Joke” to Be Reckoned With
Despite its outward appearance Dogecoin turned out to be sort of a leading indicator when it comes to altcoin bull runs. In some ways, it is much like CBOE’s Volatility Index aka VIX. The speculative theory claims that a substantial rise in Doge’s price could signal an upcoming rally or “altseason” could be just around the corner.
One thing is for sure the joke coin is here to stay, and thrive.