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The meme tokens Dogecoin (CRYPTO: DOGE) and Shiba Inu (CRYPTO: SHIB) traded 4.3% and 4.6% lower, respectively. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day.
As such, I figured the price of Dogecoin would rise based on this news. As of now, all of these things have happened -- but that doesn't mean Dogecoin is a wise investment opportunity . Dogecoin ...
The price of Dogecoin is based on hype and speculation Dogecoin is, first and foremost, a meme coin . That means that its price performance is based on nothing more than hype, buzz, and speculation.
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]
China based cryptocurrency, formerly ANT Shares and ANT Coins. The names were changed in 2017 to NEO and GAS. 2014 MazaCoin: MZC BTC Oyate Initiative SHA-256d: C++ [39] PoW: The underlying software is derived from that of another cryptocurrency, ZetaCoin. 2014 Monero: XMR Monero Core Team RandomX C++ [40] PoW
Close-up of person's hand holding smartphone with the Robinhood investment app showing a chart and current price for the cryptocurrency Dogecoin, Lafayette, California, September 15, 2021.
Robinhood CEO Vladimir Tenev and Crypto General Manager Johann Kerbrat photographed at Robinhood's offices during an interview with Fortune reporter Ben Weiss in New York, NY on Dec. 5, 2023.
As was expected, Elon Musk pumped up Dogecoin during his "Saturday Night Live" appearance, but the crypto tumbled. Investors rushed to trade, once again triggering Robinhood to crash temporarily.