funny how even dogecoin which is a ''shitcoin'' according to many raised like 50% in recent days how do u guys explain that? i bought 15000 dogecoins as a joke for 30 euro 2 weeks ago, today that's worth over 45 euro which is a 50% increase lol i didn't expect people to actually buy dogecoin what's up with that? at such increase its more profitable then many altcoins lmao
For some years that I knew dogecoin, it did not increase much compared to other coins. Dogecoin was considered a shitcoin by other people because the developer was said to have retired and there are no important improvement made ever since. There are some reasons that I think made dogecoin increase somehow; first is the market growth for the whole crypto world that made every reputable coin's price to increase because of the demand and second is many people need a coin that is perfect for micro transactions and also, fast transactions. Dogecoin has an unlimited supply so the demand for dogecoin might never be so great compared to other coins out there.