Waiting for Dogecoin to go parabolic: David Gokhshtein

The first cryptocurrency to exist was Bitcoin [BTC]. Soon after that, a wide variety of new coin types started to appear on the market. Some, like Dogecoin [DOGE], were launched as jokes while others promised to address Bitcoin’s flaws. But like BTC, DOGE eventually paved the way for a number other joke cryptocurrencies that were really useful. Nevertheless, the groups who run these networks continue to praise their own while decrying other networks.

Gokhshtein Media’s creator and crypto phile David Gokhshtein recently admitted that he still has a significant amount of Dogecoin in his possession. He is anticipating the parabolic rise of the leading meme coin.

Since last year, Gokhshtein has backed DOGE, claiming that it has made it possible for many people to invest in Bitcoin. Shiba Inu and Floki Inu are two additional top canine coins that Gokhshtein has generally said the same thing about. It appears that he was trying to resolve a conflict between the Shiba Inu and Dogecoin communities when he stated in one of his most recent tweets that it was acceptable to possess both currencies.

Recently, Gokhshtein has revived his love for XRP, the Ripple-affiliated token; on occasion, he has been tweeting praise for XRP and asserting that should Ripple prevail in the lawsuit against the SEC regulator that has been pending since 2020, not only would the San Francisco-based fintech company and XRP explode, but the entire cryptocurrency industry will reach a new level.

On September 28, Gokhshtein even acknowledged that he had thought about buying more of these tokens to add to the number he already owned.

Dogecoin adoptability on the rise

With Elon Musk including the popular meme coin in Tesla’s payment options at the beginning of the year and SpaceX following suit in the spring, dogecoin adoption has been rising recently. In addition, BigCommerce, a significant supplier of e-commerce software, recently joined forces with BitPay and CoinPayments. As a result of this collaboration, hundreds of BigCommerce merchants have begun to accept a variety of cryptocurrencies, including DOGE, SHIB, Ethereum, and Bitcoin.

According to information from CoinMarketCap at the time of writing, DOGE is currently trading at $0.05967 and is in position 10 of the top 10 list, showing a slight decline of 0.57% over the last 24 hours.