2021 could be the year of cryptocurrencies. Mainstream investors are switching their interest from general equities to investing in decentralized cryptocurrencies. At the end of 2020 a phenomenon happened, an underrated, unknown & devalued crypto called dogecoin suddenly burst into fame after Billionaire entrepreneur Elon Musk posted a single word “Doge” on his Twitter account feed. And guess what? Dogecoin price literally shot up to 44% in 24 hours. Mind-blowing event.
According to investfoxy Dogecoin would be used as a buy or sell currency, ordinary people will be able to send it to anyone without the interference of legal bodies such as government and financial regulations authorities. This will be also used to buy stuff online from many supported stores though there are not too many of them and they are planning to expand their market reach soon.
