Dogecoin is a meme-based cryptocurrency created by Adobe’s Jackson Palmer and IBM’s Billy Markus. Launched in 2013 as a critique of the hype around cryptocurrency, it has since become the world’s eighth-largest crypto with a market cap of $13 billion. Elon Musk has been among its most vocal proponents for the past few years
Is Dogecoin a Good Investment? Elon Musk Continues Supporting Meme Cryptocurrency, But Experts Say It's Risky
Elon Musk is a big proponent of cryptocurrency and Dogecoin, in specific. The Tesla CEO has been very vocal about his belief in the cryptocurrency on Twitter but is investing in this meme coin a sustainable pursuit?
Elon Musk's Dogecoin Tweets
Over the last few weeks, the meme cryptocurrency that first started out as a joke in 2013 is now a serious contender in the crypto trading market. This is all thanks to Elon Musk and other famous personalities, like Snoop Dogg and Mark Cuban, who back the cryptocurrency.
Should you buy Dogecoin? One big reason why you should not
Should you buy Dogecoin? One big reason why you should not
Dogecoin has gained unprecedented fame in the past couple of weeks. With this, the cryptocurrency market value is fluctuating like never before, and not many are sure what to do about it. Here are some insights that might help.
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(Image: Twitter/ Next Hedge)
Since then, it has mostly been a low cost, simple solution for crypto-related work.
Dogecoin touched a market value of $50 million earlier this week.
Dogecoin is the protagonist of a cryptocurrency tale that no one could have predicted beforehand. As the fame of the meme cryptocurrency grew, its market value dwindled in the last couple of weeks like a candle flame in the wind. It experienced an unimaginable high and came crashing down soon after.