Dogecoin 2022 Roadmap Announced! What awaits DOGE Investors? In our news titled, we shared the 2022 year map of Dogecoin. Dogecoin (DOGE) Although it is a meme coin (joke coin) that is used only to “generate income” for its investors, the Dogecoin Foundation wants to change this situation and make the crypto asset more dynamic.
Going back to when Dogecoin debuted, we could see DOGE entered the crypto race a long time ago. As a matter of fact, 2021 was undoubtedly the year DOGE was followed carefully and its worldwide recognition increased. Although DOGE is not currently among the top ten most valuable cryptocurrencies, it has been on this list before, and the Dogecoin Foundation wants to re-enter this ranking.
The Dogecoin Foundation has recently Dogecoin 2022 roadmaphad announced. You can examine the details of the roadmap in more detail from the link we gave at the beginning of the article.
Comparing DOGE to the Denarius of Rome, who “once controlled the world,” the Foundation plans to increase the utility of the meme coin and make it more accessible for everyday use.
The first plan announced, a new update for the website, and an idea to answer all the questions on the community’s minds, did not attract much interest from the community at first.
The community’s reaction to the announcements was not harsh, as the volume and number of transactions remained average. While the price is on the rise, it’s certainly not because of the roadmap announcement, it’s just that the broader market is much more likely to have a breakout.
DOGE recently tested the “lower trendline” and it was almost falling. But the 14.84% rally actually saved it and now it’s on its way to break the upper trendline.
Also, the declining number of traders and the increasing number of MTH (mid-term investors) and LTH (long-term investors) are an important indicator that DOGE holders are now holding the coin that is good for a rally.
The recent increase in coin holders has also resulted in DOGE’s average holding time currently at 1.6 years.
Therefore, all these factors act as incentives for price increase. However, DOGE’s volatility should also be kept in mind should new investors decide to join the network.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.