“Why DOGE Price Will Grow Without Elon Musk: Predictions for 2025-2030”
Despite recording losses, Dogecoin’s (DOGE) community holds a bullish attitude and expects a significant increase in the cryptocurrency’s value at the end of Q1 2023. DOGE has experienced poor performance in 2022 except for when endorsed by Elon Musk on Twitter. Created in 2013 by software engineers Billy Markus and Jackson Palmer to mock cryptocurrency maximalists, DOGE went viral on social media platforms, gaining popularity globally. It features an image of a Shiba Inu dog and has a devoted following of crypto enthusiasts who are not too serious about the industry’s potential. Over the years, DOGE’s popularity and value grew, and it became the 10th largest cryptocurrency in terms of market capitalisation. DOGE’s infrastructure development is not as prominent as its strong mining community, and a foundation formed in 2014 to govern the project dissolved over time but was reinvigorated in 2021 by the original core team and fresh faces with seasoned advisors, including Ethereum founder Vitalik Buterin and Jared Birchall, representing Elon Musk. The most prominent members of the crypto community lead, advise, and monitor DOGE’s development. While projections indicate positive growth for the cryptocurrency, investors need to consider DOGE’s previous performance, market predictions, and other factors before investing. Despite DOGE’s initial mocking intentions, it has become a popular, mainstream cryptocurrency traded on major exchanges with supporters from the blockchain and fintech communities.