Dogecoin Price Analysis – 22nd December 2021

Dogecoin (DOGE) is a decentralized, peer-to-peer digital currency. Dogecoin’s codebase was initially based of Luckycoin’s source code, which in turn was based off of Litecoin’s source code. “Doge" is the coin’s mascot, a Shiba Inu – which is a Japanese dog breed that was popularized as an online meme.

After almost being left for dead in 2014, DOGE was saved by a merged mining initiative with LTC. The coin was created as an experiment and flash-in-the-pan joke, but has stood the test of time due to its enduring position with the crypto community and high profile endorsements from Elon Musk. As such, DOGE continues to serve as an important gateway and playground for the cryptocurrency curious. The Dogecoin protocol development also remains strong.

Technical analysis

Watch the full Dogecoin Technical Analysis on YouTube