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Crypto-Fabulous: What Exactly Is Cryptocurrency and Will It Ever Truly Become 'The People's Crypto'?


Crypto-Fabulous: What Exactly Is Cryptocurrency and Will It Ever Truly Become 'The People's Crypto'?
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REUTERS / Carlo Allegri
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Sputnik International
https://sputniknews.com/science/202102191082126720-crypto-fabulous-what-exactly-is-cryptocurrency-and-will-it-ever-truly-become-the-peoples-crypto/
The world's most famous cryptocurrency, Bitcoin, has seen a meteoric rise past $50,000 in recent weeks, and the word 'crypto', an unfamiliar reference to a new type of currency exchange, has now become ubiquitous in the media.
The cryptocurrency craze has grown to new heights after Tesla chief executive Elon Musk tweeted, "Dogecoin is the people's crypto" in early February, sparking a #DogcoinArmy campaign to promote the new currency.
The alt-coin bearing the Shibu Inu meme that nearly broke the Internet in 2012 started as a joke in 2013, but is no longer a laughing matter as investors rush to purchase the cryptocurrency, which has reached market capitalisation of $7.2bn.

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How Elon Musk, Snoop Dogg, Gene Simmons Sent Dogecoin To A Record $0.08

Dogecoin was up 24.5% to over $0.07 early Monday after a record prices on Sunday.

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