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Dogecoin 2021 DogeCoin just hit 20 cents. Why that has the internet excited

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Dogecoin 2021 DogeCoin just hit 20 cents. Why that has the internet excited

Dogecoin Dogecoin has 20 Why internet DogeCoin excited cents: that hit the just

Thu, 15 Apr 2021 20:00:00 -0700

Here's why you're going to be seeing DogeCoin memes on your Twitter and Facebook accounts

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Here’s why DogeCoin is all over your Twitter and Facebook feeds

DogeCoin, initially designed to parody cryptocurrencies, reached a milestone this Thursday when the price soared to over 25 cents, the first time the cryptocurrency exceeded 25 cents in value.

The market cap of DogeCoin — which started as a joke and is literally classified as “a memecoin” — is currently just over $33 billion.

It’s the culmination of a semi-ironic movement that’s involved thousands of buyers, tens of thousands of online posters and the world’s richest man, Elon Musk.

Just like the Wall Street Bets Reddit community rallied around pumping the GameStop stock up to $1,000-per-share (it got up to $483, short of the goal but a dramatic spike from the 52-week low of $3.77), cryptocurrency communities became attached to the idea of “sending” DogeCoin to 10 cents.

Now it’s soared past that goal and then some.

In early January, each token was worth less than one cent.

In late January, when both the GameStop and DogeCoin movements hit their stride, the value of DogeCoin shot up to 7.5 cents, well over a 10-magnification, before sliding down to 2.5 cents.

The coin has spent the past few months in the three- to seven-cent range.

On Sunday, its price began to rise, from around six cents, before it smashed the 10-cent milestone. 

The surge from 10 cents to over 25 cents could be the result of Doge’s most high profile supporter, Elon Musk, tweeting out further support for the cryptocurrency.

In that last 24 hours he put out the following tweet:

Doge Barking at the Moon pic.twitter.com/QFB81D7zOL

If you’re familiar with cryptocurrency at all, you know Bitcoin and maybe Ethereum.

Those are the two biggest cryptocurrencies, but underneath them is an entire market of smaller ones called “altcoins” — or, sometimes, “shitcoins.” These are like the penny stocks of the cryptocurrency world.

Many aim or claim to have utility, or improve facets of the Ethereum blockchain, upon which most altcoins are built.

Others are “memecoins,” which rise and fall in popularity simply because they’re kind of funny. 

Created in 2013, DogeCoin was the first such memecoin.

There are many others, and they’re preposterous. One simply called Meme launched last August at $1 and now trades at over $2,000. 

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Dogecoin Dogecoin

Thu, 15 Apr 2021 20:00:00 -0700

UPDATE (10:12pm ET): Since the time of publication, Dogecoin has risen 24% to $0

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2324

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$1000 invested on Jan

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1, 2021 would

UPDATE (10:12pm ET): Since the time of publication, Dogecoin has risen 24% to $0.2324.

$1,000 invested on Jan.

1, 2021 would now be worth $40,879.29.

Dogecoin (CRYPTO:DOGE) continues to trade higher in 2021.

The “meme currency” has trended on Twitter (NYSE:TWTR) throughout 2021 with #dogecoin and #dogetothemoon among trending topics.

Traders have also pushed for Dogecoin to go to $1.

Dogecoin does not have a limited supply like other cryptocurrencies like Bitcoin.

The cryptocurrency has limited use but that hasn’t stopped traders from taking a small position in the meme currency.

The Dallas Mavericks even began accepting Dogecoin as a payment option at games in 2021.

Some of the swings in the cryptocurrency have been fueled by Tesla Inc (NASDAQ:TSLA) CEO Elon Musk who has posted about Dogecoin and shared memes of the cryptocurrency featuring a Shibu Inu dog.

Related Link: How to Buy Dogecoin

Musk has tweeted about Dogecoin several times, pumping the cryptocurrency's price to new all-time highs.

On March 12, Musk encouraged Coinbase to add Dogecoin to its platform, and on April 1 Musk tweeted that he will be sending "a literal Dogecoin to the literal moon." Although this is likely just an April Fool's joke, Dogecoin still rose about 32% following Musk’s tweets.

Investing In 2021: If you were fortunate to throw a little money into Dogecoin at the beginning of 2021, the cryptocurrency could be one of the best performing assets in your portfolio.

Dogecoin opened for trading on Jan. 1 at $0.00468.

If you had invested $1,000 in Dogecoin at the highest price on Jan. 1 of $0.005685, you would have bought 175,901 Dogecoin.

Based on a price of $0.187 on Thursday, that same $1,000 investment would now be worth $32,983.

Not a bad return for investing or buying a meme currency.

Performance: Dogecoin is up 45% to $0.187 at publication time.

The cryptocurrency has a market cap of more than $22.7 billion, according to AssetDash.com.

Dogecoin ranks number 541 on the site’s list of stocks and cryptocurrencies by market capitalization.

Bitcoin has a market capitalization of $1.2 trillion.

Ethereum has a market capitalization of $289 billion.

 

Benzinga does not provide investment advice.

All rights reserved.

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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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Paytm ✓

Twitter › Paytm

group chat: #dogecoin is trending… us:

6 minutes ago


Diri ⚡Creative Nerds ✓

Twitter › Dirujan

Who made this? 😩 @elonmusk $DOGE TO DA 🌝

7 minutes ago


7-ELEVEn ✓

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OK OK I AM DONE TALKING SMACK. I SWEAR. ON DOGE.

10 minutes ago


Capital.com ✓

Twitter › capitalcom

Dogecoin broke the psychologically crucial mark of 20 cents, hitting an all time high of $0.2918 $DOGE

12 minutes ago


BusinessCloud.co.uk

Twitter › BCloudUK

#Dogecoin has leapt 91% in value in 24 hours, the biggest rise in the crypto world. Other movers were #Ethereum Classic & Horizen, up 38% in 24 hours. #Bitcoin is now worth under $62,000, down 2% on 24 hours ago but up around 6.5% on a week ago. businesscloud.co.uk/dogec…

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Missy Lynn ✓

Twitter › missylynn

Me looking at everyone who didn’t hop on #dogecoin 🚀🚀🔥🌙 😂😂 jk! Buy in before it’s too late!

17 minutes ago


Wale Adetona ✓

Twitter › iSlimfit

If nothing at all, the food inflation figure of 23%, the highest on Nigeria’s inflation records since 2009, should make you have sleepless nights and reconsider your decision of staying back in this country. Enter the market, prices have skyrocketed like #Doge coin.

33 minutes ago


Santiment

Twitter › santimentfeed

🚀🐶 Yes, #Dogecoin really has skyrocketed to the 8th largest #cryptocurrency asset by market cap after a tremendous +313% week to crack the top 10 and hit an #ATH $0.2917 a few hours ago. $ETC, $MKR, $XDC, and $ZEN have also been notable gainers. app.santiment.net/screene…

49 minutes ago


Coinhako

Twitter › coinhako

🔥 $DOGE is off the leash running high and fast! 🐕 Just in this week alone, #Dogecoin has already gained 330%. Who let the #DOGE out?

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Conrad Quilty-Harper ✓

Twitter › Coneee

“Joke” cryptocurrency #dogecoin is worth nearly 20p this morning, and has a market cap ?5 billion bigger than Tesco. Time to start scrabbling around for that old hard drive?

1 hour ago


nessa ✓

Twitter › simplynessa15

Any sugar daddies wanna buy me doge coin 🤩💀💀💀

1 hour ago


Lolli 🍭 ✓

Twitter › trylolli

Elon on Dogecoin

1 hour ago


Dan Clark ✓

Twitter › DanClarkSports

At this rate, Ill be a millionaire tomorrow. This is insane. When do we sell? #DOGE🚀

1 hour ago


Mikael Pawlo ✓

Twitter › mpawlo

If $COIN starts supporting #Dogecoin I am going all-in.

2 hours ago


brandon wenerd ✓

Twitter › brandonwenerd

this doge coin streamer / vlogger on YouTube had like the greatest day of his life and it’s kind of exhilarating and exhausting to watch youtu.be/npzU6ALNS6w

2 hours ago


Ron Clark ✓

Twitter › mrronclark_

I hope y’all listened to me back in January when I said to buy Doge. 💰 💰

2 hours ago


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10 hours ago ? 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 ? Dogecoin ? Nyan Dogecoin NFT Fetches … ? Dallas Mavericks


Literal Moonshot


Dogecoin


Nyan Dogecoin NFT Fetches …


Dallas Mavericks


Dogecoin

dogecoin.com
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finance.yahoo.com › quote › DOGE-USD
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Dogecoin price today, DOGE live marketcap, chart, and info …

coinmarketcap.com › currencies › dogecoin
Dogecoin is up 84.92% in the last 24 hours. The current CoinMarketCap ranking is #8, with a live market cap of $33,169,703,525 USD. It has a circulating supply?…
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


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en.wikipedia.org › wiki › Dogecoin
5 hours ago ? 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”)


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Dogecoin price surpasses 10 cents to reach an all-time high – CNN

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– April 16, 2021
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