Highlights of Dogecoin
- Over the past few days, Dogecoin has risen 45%.
- The cryptocurrency doubled in value in mid-April.
- Dogecoin participants sold all of their coins in 2015.
Growth of Dogecoin
Dogecoin has exploded. Yes, this is the door that defines the recent cryptocurrency boom. As per crypto news dogecoin had a rough end in April 2021 and fell to almost Rs 16, but it rose over 45% on Monday night and was worth Rs 51 (at the time of writing). The latest gains have helped DOGE overtake Honda Motors’ stock of the car in terms of market value. Honda’s market price is over $ 545.2 billion and Dogecoin’s market price is over $ 86 billion.
This is a huge step forward as Dogecoin co-founder BillyMarkus recently revealed that he sold all cryptocurrency assets in 2015 to buy a Honda Civic. After Marcus again revealed that he spent $ 10,000 on the Dogecoin sale to pay the rent without buying a car again. “I always say that every price I sell is the same as the price I buy a used Honda Civic. It’s my cryptocurrency. Litecoin, bitcoin, DOGE, etc.,” Marcus said.
He doesn’t know, at least, that his cryptocurrency meme will finally become one of the most popular digital currencies in the world. Dogecoin is a 2013 joke made by software engineers BillyMarkus and JacksonPalmer, but it never has a serious cryptocurrency. Dogecoin’s market value takes precedence over companies like this cryptocurrency joke Emerson Electrico and VodafoneGroupPlc.
According to data from crypto news MarketCap, the Shiu Inu-themed cryptocurrency has become the 5th largest cryptocurrency by market cap. Dogecoin has the highest yield among cryptocurrencies in 2021. While Bitcoin’s return rate is 91.29%, it has increased by over 8000%. The latest news arrives May 7 ahead of Elon Musk’s “Saturday Night Live” debut. He’s going to talk about the governor.
Promoter of DojiCoin
Tesla’s head is the huge promoter of DojiCoin, calling himself the Godfather Toge in a recent weird tweet. At the same time, in the past two days, there has been a lot of interest in cryptocurrencies, causing major trading platforms in India and abroad to collapse. One of India’s largest cryptocurrency trading platforms, WazirX fell by almost an hour. Robin Hood’s trading app also collapsed in response to investor interest.