Dogecoin, initially created as a meme cryptocurrency, has gained attention due to its strong community, celebrity endorsements (like Elon Musk's support), and broader adoption for online transactions. Its lower transaction fees and ease of use have made it popular for tipping and microtransactions, which contributes to its performance. Additionally, the general rise in interest in cryptocurrencies has also benefited Dogecoin, as investors look for alternatives to high-priced coins like Bitcoin and Ethereum.
What do you think drives people to invest in Dogecoin over more established cryptocurrencies?
