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Dogecoin 2021 surges 34 to push past $11 billion market capitalization

Dogecoin 2021 surges 34 to push past $11 billion market capitalization

Dogecoin Dogecoin market surges capitalization to past 34% billion push $11

Tue, 13 Apr 2021 12:00:00 -0700

Yuriko Nakao/Getty Images Dogecoin spiked as much as 34% to $0

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095896 on Tuesday

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The meme token hit an all-time high amid bitcoin and ether&

and finanzen.net GmbH (Imprint).

All rights reserved.

Dogecoin spiked as much as 34% to an all-time high of $0.095896 on Tuesday, bringing its total market capitalization above $11 billion, according to CoinDesk data.

The cryptocurrency that began as a joke based off of the "doge" meme has now rallied 1,905% this year, with help from high-profile backers like Elon Musk and Snoop Dogg.

Dogecoin wasn't the only coin to reach new heights Tuesday.

Bitcoin soared to an all-time high above $63,000, while Ether hit a new record above $2,200.

Meanwhile Ripple's XRP token surged 28% to its highest point in over three years.

The current stage of the bull market cycle and Coinbase's direct listing later this week are likely pushing dogecoin and other cryptocurrencies higher, said Adam Levine, managing director of podcasts and audio at Coindesk, who added that there typically isn't just one factor that drives up the price of the meme token.

"One of the things that's interesting about doge is that whenever there's kind of excitement around cryptocurrency, people who don't really know a lot about cryptocurrencies get pulled into the doge ecosystem," Levine told Insider.

"And that's partly because it's cute, and it's not intimidating.

It's partly because the tokens are very cheap."

Momentum could also be pushing up dogecoin's price right now, he said.

A lot of early backers of dogecoin considered it "dead" coming into this year, and the coin's wild rally was largely unexpected.

Now that the price has stayed elevated, it appears to be ticking higher when the broader crypto market gains.

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Dogecoin Dogecoin

Tue, 13 Apr 2021 12:00:00 -0700

Dogecoin Cash (DOG) and DogeCash (DOGEC) have names that sound similar to the meme veteran Dogecoin

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Dogecoin Cash (DOG) and DogeCash (DOGEC) have names that sound similar to the meme veteran Dogecoin (DOGE) but that is where the resemblance ends.

Let’s see how they differ: 

The Numbers: DOGE traded 1.24% higher at $0.073 at press time on Tuesday, while DOGEC traded 16.54% higher at $0.072.

DOG traded at USD Coin 0.003 at press time, according to Pancakeswap.finance, which makes it roughly equal to the same amount in dollars.

In terms of market capitalization, DOGE is at no.

16, while DOGEC is at no.

1656 on CoinMarketCap’s list of currencies arranged by that metric.

Data for DOG is unavailable.

DOGE has a market cap of $9.4 billion, while DOGEC’s market capitalization is $1.05 million. 

DOGE’s 24-hour trading volume was valued at $ 2.9 billion.

As for DOGEC the trading volume was at $11.69, as per CoinMarketCap data.

On a year-to-date basis, DOGE has risen 1,457.59%, while DOGEC has risen 727.59%.

The Pedigree: DOGE came to being as a joke cryptocurrency in 2013 and was created by Jackson Palmer and Billy Markus.

The latter told Benzinga last month in an interview that the main thing that separates DOGE from the rest of the cryptocurrency pack is that it is a “lighthearted, friendly and amusing” meme. 

DOG touts itself as the “people’s cryptocurrency” on Ethereum (ETH) and Binance Smart Chain.

The cryptocurrency is a new entrant and was announced on Feb.

17.

The launch statement listed BOTS, Inc, a company in the robotic automation and manufacturing industry along with BTZI’s incubation client Tipestry and Dogecoin Cash Public Benefit Corporation as developers of the Decentralized Finance token.

See also: How to Buy Dogecoin (DOGE)

The DOGEC blockchain was launched in October 2018, according to the Dogecoin Cash white paper.

James Stewart is listed as the lead developer on DOGEC’s website.

He is listed as a self-taught programmer whose projects include servers, chat servers, web design, cryptography tools, and more.

A Different Animal: Perhaps the main key difference between the three coins is that while Dogecoin put no cap on supply when it was launched, DOG and DOGEC are capped at 128.28 billion (approx) and 21 million coins respectively.

DOG is a community-driven project created by a group of passionate Dogecoin enthusiasts.

Our goal is to advance Dogecoin into the DeFi age with a fixed supply of $DOG i.e.

128,275,738,389
Visit us: https://t.co/WNczn1xUrF#DeFi #Dogecoin #crypto $TIP pic.twitter.com/e9UcSpS4vE

— Dogecoin Cash (@DogecoinCashDOG) March 12, 2021

We are $DOGEC: We have our own chain and community.
Remember to make your own research before investing!#dogecash #doge@BillyM2k @KronosATI @DeItaone pic.twitter.com/EKL0bc2XOz

— DogeCash™ (@dogecashcoin) April 12, 2021

On Monday, Kronos Advannced Technologies Inc (OTC:KNOS) said it had exchanged its entire holdings in First Bitcoin (BIT) — no relation to Bitcoin (BTC) — to DOG.

The DOG announcement led to a raly in the shares of Kronos.

According to the project’s webpage, the cryptocurrency is earned by posting on Tipestry, and does not involve proof-of-concept mining, and thus claims to be environmentally friendly.

On the other hand BTC and DOGE require Proof of Work, which is thought to be an electricity hog.

BTC traded 0.01% lower at $60,558.59 at press time. 

DOGEC is looking for the average investor to get involved through its creation of DogeNodoes and the utilization of Proof of Stake.

See Also: Proof of Stake vs Proof of Work

DOGE has a fan following spanning Tesla Inc (NASDAQ:TSLA) CEO Elon Musk to Snoop Dogg.

Recently “Shark Tank” fame investor Mark Cuban said his basketball team, the Dallas Mavericks, would accept the Shiba Inu-themed cryptocurrency for ticket and merchandise sales.

DOGEC so far it seems has not found such love from high-profile celebrities. 

Benzinga’s Take: It’s the most likely scenario that the similarly-named projects are benefiting from sharing a name with the apex meme lord of the cryptocurrency world and the rally in Kronos shares may have been misplaced.

Such a scenario won’t be unknown to the followers of the meme investing world, where Musk has sent assets ranging from Shiba Inu (SHIB) to MarsCoin (MARS) skyrocketing “accidentally.”

Read Next: Is Buying Tesla Stock In Tokens Rather Than Actual Shares The Better Choice?

 

Benzinga does not provide investment advice.

All rights reserved.

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Advertiser Disclosure: TD Ameritrade, Inc.

and Accretive Capital LLC are separate, unaffiliated companies and are not responsible for each other’s services and products.

Editorial Disclosure: Reviews are as determined by Benzinga Money.

Opinions expressed here are solely the author’s and have not been reviewed, approved or otherwise endorsed by reviewers.

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Guy Fieri ✓

Twitter › GuyFieri

Rollin’ out to the MOON 🚀 #Dogecoin

3 hours ago


MarQuis Trill • Youngest Black Billionaire ✓

Twitter › 6BillionPeople

If you need clarification this should help. I blend psychology, data, analysis, dates, news, partnership and investments together to bring you detailed information about cryptocurrency. Today I’m dropping @dogecoin at 3pm pst here – patreon.com/cryptocurrenc… | 365 Million reasons

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Mikie Da Poet ✓

Twitter › MikieDaPoet

Receive up to $1600 in free stocks when sign up today $DOGE $ETC $BTC 🔥#dogecoin act.webull.com/pm/e7LEcCL…

21 minutes ago


Poloniex Exchange ✓

Twitter › Poloniex

24hr ATH summary 🚀 #BTC: $63,500 $ETH: $2,300 $DOGE: $0.092 Any predictions for tomorrow?

36 minutes ago


Keith “KO kid” Berry ✓

Twitter › kokid951

#dogecoin #blocked @draidelmaster 😂😂😂 #DogeArmy

43 minutes ago


Cointelegraph

Twitter › Cointelegraph

$DOGE price rallied to a new all-time high at $0.096 as the #Dogecoinarmy looks to push the popular memecoin above the $0.10 mark. cointelegraph.com/news/do…

52 minutes ago


Metal Pay

Twitter › metalpaysme

Be honest, how much Doge are you holding right now?

53 minutes ago


#PEAKSquad Leader ✓

Twitter › peakauto

If #DOGE hits a dollar today we will buy someone a car. Like and RT to enter. #PEAKSquad

1 hour ago


Kraken Exchange ✓

Twitter › krakenfx

#Dogecoin is on the rise, increasing 27% in the last 24hrs 📈🐕 Get $DOGE on Kraken: www.kraken.com/prices/xdg…

1 hour ago


IFTTT ✓

Twitter › IFTTT

Stay up-to-date with everything on @Twitter about #dogecoin. Ben from our Community Team can show you how. www.youtube.com/watch?v=4…

1 hour ago


Investing.com ✓

Twitter › Investingcom

*DOGECOIN SOARS ABOVE $0.09 FOR THE FIRST TIME EVER TO REACH NEW RECORD HIGH #DOGE 🚀🚀

2 hours ago


Stefan Parsons

Twitter › StefanParsons98

Just my rocket ship and I about launch to moon 🚀🌕 #dogecoin

2 hours ago


Bradley Bourgeois ✓

Twitter › Boushwa22

DOGE IS GOING TO THE ABSOLUTE MOON TODAY!! 🚀 🚀 🚀 #WhatADay

2 hours ago


Evelyn Janeidy Arevalo

Twitter › JaneidyEve

#Dogecoin $DOGE Dogecoin to the Moon & beyond. 🚀🌙💫

3 hours ago


Tim Cook ✓

Twitter › DreamBigBeBig20

So are we going to celebrate #dogecoin rise to success with buying some slimjims at your local retail store @SlimJim 🥶🤷🏾♂.. a they have been a strong advocate for #DogecoinToTheMoon

3 hours ago


scottysire ✓

Twitter › ImNotScottySire

i accidentally invested in hoge coin instead of doge coin so if elon musk could start tweeting about hoge that would be great

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Dogecoin Price | DOGE Price Index and Live Chart – CoinDesk

www.coindesk.com › price › dogecoin
About Dogecoin It is a derivative of Luckycoin which forked from Litecoin and uses a Scrypt algorithm. Dogecoin has 1 minute block intervals making it faster than other blockchains. There is no cap to the supply of coins and thus the coin can inflate infinitely. Literal Moonshot ? Nyan Dogecoin NFT Fetches … ? Dogecoin Bounds Onto 1,800 …


Literal Moonshot


Nyan Dogecoin NFT Fetches …


Dogecoin Bounds Onto 1,800 …


Dogecoin

dogecoin.com
1 Dogecoin = 1 Dogecoin. Dogecoin is an open source peer-to-peer digital currency, favored by Shiba Inus worldwide. Get Started Now?…


Dogecoin USD (DOGE-USD) Stock Price, News, Quote & History …

finance.yahoo.com › quote › DOGE-USD
Source: Orpheus FX / Shutterstock.com But Dogecoin holders have had the last laugh. Today, the cryptocurrency is worth almost $10 billion and has one of the?… Dogecoin USD ? Dogecoin USD (DOGE-USD) ? Dogecoin Remains at Best an …


Dogecoin USD


Dogecoin USD (DOGE-USD)


Dogecoin Remains at Best an …
Dogecoin is a cryptocurrency invented by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system that is instant, fun, and free from traditional banking fees. Dogecoin features the face of the Shiba Inu dog from… Wikipedia


Wikipedia


Dogecoin (@dogecoin) | Twitter

twitter.com › dogecoin
The latest Tweets from Dogecoin (@dogecoin). Dogecoin is an open source peer -to-peer cryptocurrency, favored by shibas worldwide. Elon Musk thinks were?…


Dogecoin price today, DOGE live marketcap, chart, and info …

coinmarketcap.com › currencies › dogecoin
Dogecoin is up 26.27% in the last 24 hours. The current CoinMarketCap ranking is #14, with a live market cap of $11,650,116,760 USD. It has a circulating supply ?…


Dogecoin surges 34% to push past $11 billion market capitalization …

markets.businessinsider.com › currencies › news › dogecoin-price-today-re…
3 hours ago ? Yuriko Nakao/Getty Images Dogecoin spiked as much as 34% to $0.095896 on Tuesday. The meme token hit an all-time high amid bitcoin and?…


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www.forbes.com › sites › nicholasreimann › 2021/04/13 › dogecoin-is-soa…
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Dogecoin – Wikipedia

en.wikipedia.org › wiki › Dogecoin
Dogecoin (/ˈdoʊdʒkɔɪn/ DOHJ-koyn, code: DOGE, symbol: ?) is a cryptocurrency invented by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system that is instant, fun, and free from traditional banking fees. Block reward: 10,000 Dogecoins (as of Feb. 2018) Hash function: Scrypt-based Exchange rate: Floating Developer(s): Billy Markus (“Shibetoshi Nakamoto”)


Billy Markus


Learn more


– April 13, 2021