Doge is dead! Long live doge! This could be a fair description of what has been happening with Dogecoin, one of the world's most popular cryptocurrencies of late.
Interest in doge has increased following a somewhat comical endorsement by Tesla's boss and WallStreetBets, a sub-Reddit that took on Wall Street (the real one) in the GameStop saga and rhetorically asked, “can Doge be worth $1?” prompting an investment flurry.
Things have not been too bad for Doge at all, but far more importantly, the coin is now enjoying more development interest. Stakeholders have been piling on and asking developers to roll their sleeves up and take the doge core from the dusty shelves and give it a fresh spin.
Speaking to CoinDesk, Ross Nicoll, the currency's maintainer, said: “People say it’s a joke coin but we’re very careful to take care of the code. When it took off, there was resurgence in attention and we want to keep the currency operational.”
With this though, the question of dogecoin's feasibility is also put in the limelight. After all, Nicoll and his colleagues didn't think much of the token when they forked it off Bitcoin back in 2013, but now, with surging interest, it may be wise to have a second look at the actual safety mechanisms in place.
In theory, anything crypto is safe, so long as it's run by the right people. Then again, it's good to be cautious. As dogecoin's surge continues, though, there is a good chance for you to get a lot of bonus doge by visiting one of our approved doge casino sites, whether this is Bitcasino, 1xBit or FortuneJack.