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As cryptocurrencies have changed with each passing day, Dogecoin has become popular, and over the years it has developed many unique features. There are three main reasons why Dogecoin is so popular around the world.
Tokens have been nicknamed DeFi Dogecoin in the community because they are entirely the author's game and have earned them nearly $30,000 and are sold through exchanges.
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Shit, this is all fools, only for one thing to make money. Which one of the coin circles is not meant to make money?
Dogecoin or 26% jump in the price of a TikTok Challenge video
In fact, Paypal has always been interested in virtual currencies in private. Paypal is exploring integrating Bitcoin and other virtual currencies, such as LiteCoin and Dogecoin, into physical smartphone payments, according to a recent patent filing by Paypal.
Although DeFi tokens are the leader, they are not the only tokens with significant price increases. Dogecoin (DOGE), a popular shanzhai coin, has also made huge gains under the viral TikTok video, and projects such as Filecoin and Polkadot have caused a stir. All this happens when Bitcoin hovers between $9,000 and $10,000, and Bitcoin behaves like a stable currency. The shanzhai coin season has begun, but will it stop?
Analysis: Dogecoin prices have risen nearly 40% in two days or are related to investing in dog money theme videos on TikTok.
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.