Musk posted an image on X of a Shiba Inu transforming into a sandstorm engulfing a city, captioned: “DOGE is inevitable!” Musk was referring both to the government efficiency department D.O.G.E. he is vigorously preparing and the Dogecoin he has been fervently supporting. Currently, after reaching a high of $0.48 on November 23rd, Dogecoin is now fluctuating around $0.4. Driven by this bull market, various DOGE ASICs have become the most profitable machines for miners.
Why has DOGE been able to thrive indefinitely? Will this upward trend continue in the future? In the short to medium term, DOGE may have more and richer reasons for its rise than BTC. Although its circulation is astonishing, with an initial issuance of 100 billion coins and an annual increase of 5 billion coins, there is no cap, which does not conform to the traditional investment attribute of ” Rarity increases value.” However, one of the biggest characteristics of DOGE, as the king of meme coins, is that its value changes with the breadth and depth of its popularity. Once it has high heat, regardless of the reason behind the heat, it represents that it will have high value. On the contrary, an obscure meme coin has no value.
DOGE not only rises during bull markets, but even during non-bull markets, Musk can make it rise by creating public opinion. Musk’s most common method of driving up the price is to occasionally announce support for users to purchase Tesla’s cultural and creative peripherals with DOGE and often make statements favorable to DOGE on Twitter. A few days ago, he also revealed that “I still own bunch of Dogecoin”. With Trump about to take office as the 47th President of the United States, Musk will continue to make great strides with his DOGE, Tesla, SpaceX, and Twitter industries. The reasons for DOGE’s rise will also be endless.
For prudent investors who are optimistic about DOGE, mining DOGE is also an ideal investment method. Taking a coin price of $0.4 as an example, using the ANTMINER L9 16GH to mine, the daily revenue is about 153 DOGE, worth about $61. At an electricity price of 6 cents, it will pay back in about 290 days. Using the ANTMINER L7 9.5GH to mine, the daily revenue is about $38, and at an electricity price of 6 cents, it will pay back in about 220 days. In addition, these two ASICs can also obtain LTC and BEL at the same time.
Welcome to consult our sellers for the most suitable DOGE ASIC and trading methods for you! We have a large inventory of ASIC spot/futures from brands such as ANTMINER in our warehouses in Asia, America, and other places, supporting shipping from multiple countries or declaring transactions at your delivery location.
Finally, SC MINER would like to remind everyone that all investments carry risks, so decisions should be made cautiously.
SC MINER is the world’s most renowned international mining equipment trader and a core agent for manufacturers such as Bitmain and Goldshell, with the advantage of priority sales. SC MINER’s sales team has been serving miners in dozens of countries globally since 2017, with ample experience and outstanding integrity to maximize your value!
