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Dogecoin still hasn't reclaimed its 2021 high, and just 2,503 merchants accept Dogecoin as payment worldwide (according to Cryptwerk), so the meme token isn't ticking either of those boxes.
Dogecoin currently has a market cap of $18.5 billion, but that figure would need to soar to $154 billion (assuming its supply remains constant) for its price to hit $1.
The meme token Dogecoin (CRYPTO: DOGE) has been on a phenomenal run since Election Day, up more than 150%. Dogecoin is also up more than 360% on the year. President-elect Donald Trump has helped ...
Dogecoin (/ ˈ d oʊ (d) ʒ k ɔɪ n / DOHJ-koyn or DOHZH-koyn, [2] Abbreviation: DOGE; sign: Ð) is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the time. [3]
But before you invest in Dogecoin, there are three key things you need to know. The price of Dogecoin is based on hype and speculation. Dogecoin is, first and foremost, a meme coin. That means ...
Dogecoin (CRYPTO: DOGE) has rocketed 268% higher across the prior year's trading. The token now has a market capitalization of roughly $49.9 billion, and it ranks as the world's seventh-largest ...
The price of Dogecoin peaked in May 2021, when Elon Musk famously appeared on NBC's Saturday Night Live. In one of his comedy skits, the so-called "Dogefather" jokingly admitted that the meme coin ...
Even if the price of Dogecoin somehow manages to reach $1 by the end of the year, it's clear that such a movement is rooted in anything but sound judgement or underlying fundamentals.