6 Unique Reasons to Believe the Dogecoin Price Will Rise in 2022

The idea that a cryptocurrency may have enduring value is not outlandish. In the past few months, the Dogecoin price has gone through a roller-coaster pattern.

The Dogecoin price has seen dizzying surges and massive plunges, despite people dismissing it as a joke coin with no real potential for growth.

If you’re asking yourself the question of should I invest in Dogecoin, here are six reasons why this canine-inspired meme coin might see a price increase this year.

1. Increasingly, It Is Gaining Acceptance

Dogecoin, like all currencies, increases in value as it becomes more widely regarded as a means of exchange. 

Even though dozens of small businesses now use Dogecoin, the impact on the economy is negligible that said, the Dallas Mavericks of the NBA will accept Doge to allow customers to purchase tickets and merchandise through BitPay.

Other larger entities accept Doge as well, including the NBA. During his latest press conference, team owner Mark Cuban explained that the "Mavericks have decided to accept Dogecoin to purchase Mavs tickets and merchandise for one undeniable reason: We can!"

2. Over Bitcoin, It Offers Some Advantages On A Daily Basis

Preserving the environment is frequently regarded as a high priority among the younger demographic of cryptocurrency enthusiasts.

As a crypto alternative, Dogecoin may be more attractive given the significantly reduced amount of electricity required to mine and use it. In contrast, the transaction cost of Bitcoin is 707 kilowatt-hours. Dogecoin uses just 0.12 kilowatt-hours.

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