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There are certainly more reasons why Dogecoin is so popular. Technically, Dogecoin is actually a faction with Litecoin, which is based on the Scrypt algorithm and, like Litecoin, is easier to trade than Bitcoin, and they have more numbers, with Dogecoin digging up to 100 billion, compared with 21 million bitcoins. Palmer also noted that Dogecoin is not like Bitcoin, where people don't get involved just for the sake of speculation, which is a way of sharing and thanking.

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Dogecoin's price rose 50 percent in 24 hours to $0.042, its highest price since October 2018, as a short video platform, TikTok, went viral, according to Coinelegraph. In response, Dogecoin Twitter warned traders not to speculate. "Please make the right choice and not be influenced or manipulated by someone else's FOMO," Dogecoin said. Be aware of safety. Be smart. "

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OG is a DAG high-performance blockchain with smart contracts. The OG bottom layer adopts the ledger structure of the oriented ringless graph (DAG) to solve the problem of de-centricization, security and extenstive triangular balance of the existing blockchain blockchain architecture. At the same time, OG addresses the compatibility of DAG blockchain with smart contracts, ensuring the order of smart contract transactions under the DAG structure.

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Dogeparty is not just a new coin, it has more meaning. Content creators and event planners can use Dogeparty, and charities can solicit Donations from Dogecoin in exchange for coins so that we can receive a copy of their work, a ticket to their event, or some other reward, such as a crowdfunding platform. This may seem counterintuitive to the original intention of destroying Dogecoin, but Dogeparty can go a long way in helping Dogecoin emerge from the shadow of the recent recession.

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During the price drops in March, July and September, Dogecoin fell with the market. However, the price decline of DOGE is not as bad as Bitcoin, and the downward trend shows that Dogecoin is recovering faster than Bitcoin

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Bitcoin's price movements have been closely followed by other cryptocurrencies such as Litecoin, Chainlink and Dogecoin, with correlation coefficients of 0.88, 0.64 and 0.68, respectively. These prices have also fallen significantly following the recent downward revision.