Founder of Ethereum Vitalik Buterin just gave up the second place in the cryptocurrency market Dogecointhe world’s first and largest meme-based cryptocurrency. Buterin stated that Dogecoin deserves to be listed right after it Bitcoin (BTC)highlighting the meme coin’s importance in the crypto space and its unique cultural influence.
Buterin ranks Dogecoin among the top 2 cryptocurrencies
Teslaran, a member of the crypto community on X (formerly Twitter), recently posted the file video with Buterin in an exclusive interview. During a job interview Founder of Ethereum surprisingly supported Dogecoin, declaring that it deserved to take second place after Bitcoin as the most crucial cryptocurrency.
This unexpected endorsement has caught the attention of the cryptocurrency market, particularly because Ether it consistently maintains its position as the second largest cryptocurrency after Bitcoin. As the first major cryptocurrency to launch after Bitcoin, Ethereum is often considered the world’s leading altcoin with the second largest market capitalization.
Ethereum was founded by Buterin in 2013 and launched in 2015. Dogecoin, on the other hand, was created as a lightweight joke in 2013 by software engineers Billy Markus and Jackson Palmer.
As a meme coin, DOGE toolDogecoin tool already lacking compared to Ethereum. However, the meme-based cryptocurrency has gained significant attention and support due to its unique cultural value and light-hearted, fun theme.
Evolving over the years, DOGE has experienced significant growth, building community millions of investors and supporters and develops many inventive projects. Starting from zero, Dogecoin reached an all-time high of $0.74 in 2021. Moreover, its market capitalization increased to $25 billion.
The driving force may be the rapid development of Dogecoin and emerging practical applications in the cryptocurrency industry Buterin’s support. Although Buterin founded Ethereum, he believes that DOGE is superior to ETH in some respects. Ethereum’s founder also previously revealed that he is Dogecoin holder.
The analyst expects DOGE’s next target to be above $0.2
Cryptocurrency analyst Jake Wujastyk does revealed fresh bullish forecasts at the Dogecoin price on X (formerly Twitter) on October 29. According to the analyst, DOGE is preparing for huge bull rally achieve the next upside target in the range of $0.2145 to $0.2295.
Presenting a detailed Dogecoin price chart, Wujastyk illustrated the meme coin price changes from 2021 to the present. Based on DOGE’s past price action on his yearly chart, the analyst believes that the meme coin can projected growth above $0.2 by the end of 2024 or early 2025
An enhance to $0.2295 would represent a 34.7% enhance from the current price. According to CoinMarketCap, at the time of writing, Dogecoin is trading at $0.17, up 3.86% over the past 24 hours and 24% over the past week.
Featured image created with Dall.E, chart from Tradingview.com
