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It's now up 120% for the year and currently ranks as the eighth-largest cryptocurrency, with a nearly $30 billion market cap. Given that Dogecoin is now outperforming Bitcoin ...
If dogecoin were to truly become a dominant cryptocurrency and match ethereum’s market cap, it would have a price of around $1.04. If it were to overtake bitcoin, it could have a price of $2.55.
The world’s richest man, Elon Musk, will appear at a JPMorgan event this week as he makes his case about the benefits of government spending cuts. The audience will include JPMorgan CEO Jamie Dimon.
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]
The first and most widely used decentralized ledger currency, [8] with the highest market capitalization as of 2018. [9] 2011 Litecoin: LTC, Ł Charlie Lee: Scrypt: C++ [10] PoW: One of the first cryptocurrencies to use scrypt as a hashing algorithm. 2011 Namecoin: NMC Vincent Durham [11] [12] SHA-256d: C++ [13] PoW: Also acts as an alternative ...
The second important point to make is that Dogecoin is an inflationary token. This means that there is not a cap on the supply of tokens that can enter circulation.
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