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Reasons to Buy Dogecoin in July 2022

Fun

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Dogecoin was the only meme-coin first. This was the first pose based on a dog.

Popular

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Dogecoin has built one of the biggest and most followers in the cryptocurrency space.

Social media

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Dogecoin's popularity has seen it jump in prices based solely on social media trends.

Elon Musk

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Backed by Elon Musk, the price of Dogecoin reached an all-time high of $0.7376 in May last year.

Celebrity backers

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Celebrities & big-name investors have joined the Dogecoin bandwagon.

Merchant adoption

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Dogecoin is one of the most widely accepted cryptocurrencies by cryptocurrency traders

Currency

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Dogecoin is often criticized for its inflationary nature, but it can also be to its advantage.

Dogecoin Foundation

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The volatility in popularity caused its developers and core teams to abandon the project before 2020.

Low energy

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Dogecoin is based on proof-of-work consensus mechanisms like Bitcoin and Ethereum.

Whales

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Dogecoin accumulation is increasing as of July 2022, despite the low price of DOGE.

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