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Despite an additional support from Tesla, Dogecoin price continues to plummet. Now, many traders are getting worried about Doge value and its market potential.
Dogecoin is making major upgrades to its system with the help of Ethereum's co-founder Vitalik Buterin. The Dogecoin Foundation also shared its network trailmap to help interested fans get an idea of what to expect for the next several months.
Avalanche recently pushed Dogecoin out of the top 10 largest cryptocurrencies by market capitalization. However, research shows that Doge is still the most popular cryptocurrency.
A new survey revealed that Dogecoin has one of the highest adoption rates globally. Elon Musk agreed and tweeted a boost to Doge, calling it the people's crypto.
According to a recent forecast, Elon Musk is on his way to becoming the world's first trillionaire. Amusingly, this prediction was corrected by the Tesla CEO and SpaceX founder, noting that he would be a Dogecoin trillionaire.