Bitcoin’s weakness and Dogecoin’s epic pump are signals that the market could be overheating and in need of a short-term correction.
Dogecoin (DOGE) is a cryptocurrency built around the popular “doge” meme featuring a Shiba Inu. Founder Jackson Palmer announced the project on Twitter in November 2013 as a joke. When friends and industry peers encouraged him to pursue the project, Palmer purchased the domain dogecoin.com and began building. He was soon joined by Billy Markus.
The founders believed that Dogecoin could be a more lighthearted and accessible introduction to cryptocurrency, as Bitcoin (BTC) had started to become stigmatized following the Silk Road debacle and mining had become increasingly unfeasible with consumer laptops. Palmer left the project in June 2014.
Dogecoin is based on Luckycoin (LKY), which is itself a fork of Litecoin (LTC). It features an inflationary monetary policy with no cap. The block reward is set at 10,000 DOGE per block per minute.
Dogecoin’s price explosion coincided with the movement of a lot of coins across the blockchain, as $12 billion moved in a single day.18538
Apparently, r/Wallstreetbets doesn’t “bow to cryptocurrencies.”11001
Everyone’s favorite meme cryptocurrency has delivered 12,600% gains in a year and likely created a string of millionaires.29884
Dogecoin and Maker stole the spotlight as the hype around COIN faded and Bitcoin consolidates near $63,500.22988
The price of the meme-based cryptocurrency is at an all-time high as it approaches $0.20.28811
DOGE, the native cryptocurrency of Dogecoin, rose 123% in the past seven days as the altcoin market saw a resurgence in momentum.62282
Today's Coinbase (COIN) listing is likely to remain a focal point that will dictate the short-term price action in Bitcoin and altcoins.68052
Being a “cute” and meme-like cryptocurrency has not prevented Dogecoin from seeing some serious, record-breaking price action amid the crypto market rally this week.33873
Dogecoin rallied to a new all-time high as mainstream interest in cryptocurrency grows and the total crypto market capitalization tops $2.19 trillion.44721
E11even Miami is enabling payments in Bitcoin and other cryptocurrencies as part of its post-pandemic reopening on April 23.9192
“Is d-o-g-g similar to d-o-g-e?” asked Snoop.43431
Right on cue for April Fool's Day, Musk promises to "put a literal Dogecoin on the literal moon," but for hodlers, the resulting gains were anything but a joke.36169
R/Dogecoin was the third-most active crypto group on Reddit behind r/CryptoCurrency and r/Bitcoin this week.17318
A Grumpy Cat NFT fetched more than $80,000 while the Grumpy Cat coin community raised more than $70,000 for an animal shelter.13092