Dogecoin, originating as a meme-inspired cryptocurrency, is establishing itself in the retail payment sector with its current price around $0.1050, having dropped 20% from its recent peaks. Despite the decline, small retailers are progressively beginning to accept Dogecoin as a form of payment.
The cryptocurrency has garnered support from high-profile figures such as Elon Musk and Mark Cuban, bolstering its appeal and usage. This support, along with growing acceptance, contributes to the optimism regarding Dogecoin's potential to reach the $1 mark during the next crypto bull market.
Furthermore, a new meme-inspired coin, Meme Bets, has started to capture attention during its presale phase, following in the footsteps of Dogecoin and highlighting the sustained interest in meme-based cryptocurrencies.
