"Hi friends, I just became a millionaire from Dogecoin," wrote the Reddit user. One of them is a Reddit user who uploaded a photo of his Dogecoin ownership in the investment application Robinhood. It's inevitable /eBKnQm6QyF - Elon Musk July 18, 2020īecause of the skyrocketing price of Dogecoin, a number of "new riches" have sprung up. This week alone the price of DOGE has skyrocketed by 300 percent. The skyrocketing price of DOGE was driven by the bustle of the Reddit r / SatoshiStreetBets group which had the goal of increasing the price of Dogecoin and other crypto coins. The emergence of influential people such as Elon Musk, Snoop Dog, Mark Cuban, Mia Khalifa and others are popular figures who support Dogecoin.Ĭurrently Dogecoin is surprising various parties, both market analysts and crypto investors who are rich with a market capitalization value of 34 billion US dollars as revealed by CoinGecko.
Even though this goal is just a joke or a joke, the fact is that Dogecoin has recently experienced a huge increase. The cryptocurrency with the Shiba Inu dog logo was created in 2013 with the aim of becoming a “fun” competitor to bitcoin. This figure, if converted into Rupiah, amounts to IDR 493 trillion. Unexpectedly, the coin with the dog symbol has entered into the 10 most valuable crypto assets, with a market capital or market capitalization of 34 billion US dollars. The currency that was originally made a joke is booming. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.JAKARTA - Dogecoin is a cryptocurrency created by two programmers named Jackson Palmer and Billy Markus.
#DOGECOIN SKYROCKET PROFESSIONAL#
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#DOGECOIN SKYROCKET UPDATE#
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We do not give personalized investment advice or other financial advice. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. This crucial demand barrier will have to hold for DOGE to avoid a steeper decline towards $0.038.ĭisclosure: At the time of writing, this author held Bitcoin and Ethereum.įor more key market trends, subscribe to our YouTube channel and get weekly updates from our lead bitcoin analyst Nathan Batchelor. DOGE/USD on TradingViewįailing to claim $0.058 as support could instead result in a rejection that pushes Dogecoin back to the $0.048 level. Moving past this crucial price hurdle could see the meme coin revisit Jan. Still, Dogecoin must close above the $0.058 resistance barrier to be able to advance higher. Since this on-chain metric is often regarded as one of the most accurate price predictions, it may forecast that DOGE’s price will follow suit. The network’s expansion can be considered a very optimistic signal as it indicates a spike in user adoption over time. Dogecoin New Daily Addresses by IntoTheBlock Nearly 60,000 new addresses are being created per day at press time, representing a 73% increase within the examined period.
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