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Enter Dogecoin (CRYPTO: DOGE), whose price has skyrocketed by 376% in 2024. At a price of roughly $0.43, can Dogecoin's momentum continue and propel the token to a price of $1 by the end of the year?
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]
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.
Dogecoin (CRYPTO: DOGE) had a spectacular year in 2024 with a gain of 250%. It outperformed many other popular cryptocurrencies, including XRP (Ripple), Bitcoin , and Ethereum . Dogecoin Price Chart
A bitcoin-based currency featuring instant transactions, decentralized governance and budgeting, and private transactions. 2014 NEO: NEO Da Hongfei & Erik Zhang SHA-256 & RIPEMD160: C# [38] dBFT: 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 ...
Other cryptocurrencies' prices also sharply rose, then followed by losses of value during this period. In May 2021, the value of Dogecoin, originally created as a joke, increased to 20,000% of value in one year. [38] It then dropped by 93% shortly after. [39] By 19 May, Bitcoin had dropped in value by 30% to $31,000, Ethereum by 40%, and ...