Ads
related to: why does dogecoin have value in 5
Search results
Results From The WOW.Com Content Network
Essentially, Dogecoin doesn't have much utility in the real world as a widely accepted means of payment. Instead, its underlying "value" is more or less determined by internet-driven hype ...
While Dogecoin was among the first meme coins and is still the largest today by a considerable margin, newer meme coins have gained steam, including Shiba Inu ($11.8 billion market cap), Pepe ($6. ...
After a huge hype cycle, Dogecoin exploded in value before hitting $0.74 in May. By July, though, the hype cycle was over, and Dogecoin collapsed to just $0.20. If you are viewing a trading chart ...
Musk tweeted "One Word: Doge". Shortly after, the value of Dogecoin rose by 20%. [79] This was followed by a series of Dogecoin-related tweets by Musk in early February 2021 captioned "Dogecoin is the people's crypto" and "no highs, no lows, only Doge". Following these tweets, the value of Dogecoin rose by roughly 40%. [79]
Elon Musk has been professing his love for Dogecoin for a few years now -- his first post about it goes back to 2019, when he called it his "fav cryptocurrency" -- and he has since been sending the...
Image source: Getty Images. Dogecoin could reach $1, but it probably won't stay there. Dogecoin's post-election rally recently stalled at $0.47, which is still way below its record high from 2021.
If you had invested $100 into Dogecoin in 2019, your investment would be worth about $5,400 today. That's a 5,300% total return or a 122% annualized return -- not bad. Remember though, past ...
The current value of all mined gold reserves currently stands at almost $18 trillion, so for Bitcoin's market cap to match that, the price per coin would have to soar about 850% from where it ...