2021: The year of The whales Doge Coin Wallets
April 8, 2021, 2:29 p.m.
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In 2021 we have a boom of New Doge Coin wallets that might be considered as "whales" or "Top Wallets". The reason for that is because those newly created wallets are among the biggest top 100 wallets by their current balance. According to our automated bot's that parse the blockchain info in 2021 we had 5 New Whales in January, 12 in February, 10 in March and 8 in April.
You can see a live chart the Top Doge Coin wallets by year of creation -> live chart here
That basically means that doge coins are massively changing hands in 2021. They are some big investors buying them but we dont know yet why they are buying doge coin.
My personal opinion is that Elon Musk is developing the necessary technology in order incorporate the possibility of minning doge coin in the Tesla's cars and also the solar roofs. Doge is more suitable than Bitcoin for minning purposes in the cars/roofs because it consumes less energy.
I think that another important goal for Musk right now regarding Doge is to make it as much mainstream as possible. He is trying to create a stable market for the cryptocurrency. That is why is so heavely promoted in his tweeter account and also by other celebrieties like Snoop Dog who is E.M friend.
Doge Coin price has been slowly rising in April, after its initial boom in January. Currenty (Apr 8th, 2021 15:25 GMT the coin is trading at $0.061047.
If you want to buy Doge you can register an account at the Binance Exchange here
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