[ad_1]
In the letter
- The crypto market is booming.
- This includes the biggest coin, Doge, which has grown 121% in 24 hours.
- The coin garnered a lot of attention in 2020.
The cryptocurrency market exploded in 2021 stronger than ever: the price of Bitcoin fixes record after record, the interest in Ethereum is through the roof and the DeFi industry keep growing.
And altcoins are showing no signs of slowing down – namely the OG ‘coin’, Dogecoin (DOGE). DOGE’s price was $ 0.011 at time of writing, an increase of 121% in 24 hours, according to CoinGecko The data.
The room, which was created as a joke but now has a market cap of $ 1.3 billion, which has jumped in value in 2020 along with other altcoins. This time last year, before crypto mania took hold of the world, the coin was only worth $ 0.00204887.
Its price is now up 441%.
Why is the medal so high? But the play has been in the limelight a lot over the past year: Elon Musk said it was his favorite cryptocurrency (send the price) and a virus TikTok Video also encouraged people to invest.
And the coin has certain uses, albeit criminal ones. Last year, hackers started using cryptocurrency to control Monero-mining malware.
DOGE was created by developers Jackson Palmer and Billy Markus in 2013 to make fun of Bitcoin.
But the currency has since become popular – much to the surprise of its creators – and is now available on major exchanges. It sits comfortably in the top 30 cryptocurrencies in terms of market capitalization.
Warning
The opinions and opinions expressed by the author are for informational purposes only and do not constitute financial, investment or other advice.
[ad_2]
Source link