Australians have been lured into Dogecoin by the prospect of enormous profits. Now the price is falling sharply.
(Getty Images) Dogecoin, the $88 billion meme coin that has minted millionaire overnight, has swept up Australians eager to make a quick buck. New data provided to Business Insider Australia shows how interest exploded in the cryptocurrency as its price surged from less than one cent on 1 January to more than 50 cents last month. Despite an appearance of Elon Musk on Saturday Night Live (SNL) over the weekend, the price of the coin has begun to fall again, wiping the investments of late speculators. The internet’s favourite memecoin has ridden a wave of online popularity to go from a priv...
Source: businessinsider.com.au