Dogechain is a Brewing Powerhouse: The Lessons to Learn from the Story of Dogecoin
Dogechain is almost trailing the footprints of Dogecoin but it even has so much more going for it than you know.
Can I tell you a story about Dogecoin? You will know why you should be on Dogechain or NOT when I'm done.
N/B: This is my personal chronology and does not pass as financial advice in any way, but I’m sure you’d find it interesting.
My thoughts…
I still remember when I first heard about Dogecoin. It was in 2015. I was a sophomore in college — (don’t try guessing my age, lol) — the concept of blockchain and cryptocurrencies was still pretty much new and explorative to me.
$DOGE
Launched in 2013, DOGE was the very first memecoin to ever exist with no utility in foresight and with a team who created it just for fun and as a sarcastic jab to cryptocurrencies, this memecoin had been able to garner more support than anyone would have thought, surprisingly.
This could probably be because the image used as the symbol for the DOGE memecoin was that of Kabosu, an adopted female Shiba Inu (an ancient Japanese breed of dog)
Value will always rise and FALL…
However, that year (2015), the value had taken a huge plunge. There was a bit of fud, notably because one of the two root developers behind its creation was no big supporter of cryptocurrencies after they left the project for other core devs to run.
Hitting an all-time low from 0.002 to 0.00008, many must have thought that was the end of the memecoin craze. I had wondered about the losses. “Why would anyone buy a coin they couldn’t bank on?” (Silly me; if only I knew better).
The crypto market is never predictable…
I didn’t hear much about it until 2017 when it attempted its first surge of life. Of course, those who held and didn’t sell felt life pumped back into their portfolios as it hit a new high of $0.004.
That was the first time I heard a coin work its magic. As of 2018, DOGE had (I could say) miraculously pumped to $0.016. Imagine what would be the profit for someone who bought at the all-time low?
But again, the bear season struck, and along with Bitcoin and other coins in the market, its price went as low as $0.002 (this time, not to ATL).
An action can cause a surge…
This continued until 2021 when Elon Musk made a remark about $DOGE. This single action sent the memecoin up by 339% to $0.032642 and on May 8, 2021, the price of 1 DOGE was $0.682 — its highest value attained to date.
You can’t see the future from now…
Now, $DOGE sits comfortably at $0.1, and perhaps in the next bull run, it could soar higher into the moon.
What Does This Mean For Dogechain?
Dogechain has had its ups and downs since its launch in 2022.
Launched in the dippiest dip of the 4th bear market in crypto and probably the craziest, the value of $DC (i.e. token of Dogechain) has not had the space to grab a break.
Note that Dogechain was created to offer DOGE a blockchain where it could be bridged and plugged into decentralized finance and used for more than trading and tipping — DOGE can now be used to farm more yields for its owners without risks.
To even show that DOGE is the frontrunner for Dogechain, the team made the bridged and wrapped DOGE on Dogechain the gas token of Dogechain.
Apparently, $DC is flowing $DOGE’s trail as dated back in history. The token which was launched around $0.001 is currently experiencing an all-time low at $0.0003.
But this is where you look back at DOGE’s history and realize what you should do. Seeing how great the utility of Dogechain is to Dogecoin, this blockchain is here to stay.
Don’t forget that Dogechain has more than Dogecoin has:
- A team that believes in crypto and what they are building.
- The community of Dogecoin strongly supports what Dogechain is doing.
- Amazing utility cases.
- A community-based governance structure.
- An infrastructure built on Polygon and soon embracing the power of zero-knowledge proofs (zkEVM).
- An ecosystem of avid memecoin lovers.
Sometimes, for a seed to grow into a mighty tree, it has to first grow deep into the soil to find the depth of its roots before it grows out.
It took DOGE some years, I could expect the same for Dogechain or more, who knows?
Remember?
- Value will always rise and fall,
- the market is never predictable, and
- one action can create a huge surge.
PLEASE: This is not FINANCIAL advice. Kindly do your own research and invest what you can afford to lose.
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