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Today, the Dogecoin’s market movements are no longer a laughing matter - unless you are an early investor laughing all the way to the bank.ĭogecoin, which was worth less than a penny per token at the beginning of the year, has risen 5,000% and is now around US$0.32. “One of our systems failed which brought down our crypto order system.” Freshly Nasdaq-listed Coinbase was not one of those systems as it has not listed Dogecoin.įounded in 2013 by Billy Markus and Jackson Palmer, Dogecoin was initially invented as a joke currency based on the Doge meme featuring a Shiba Inu dog.
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On the same day, the subreddit group famous for the GameStop short squeeze - r/WallStreetBets (WSB) - lifted its ban on crypto discussions on “BTC, ETH and DOGE only.” Google search interest for WSB was also maxed out on this day.What triggered the Dogecoin price surge? On April 15, Tesla CEO Elon Musk tweeted “Doge Barking at the Moon” to his 51.4 million followers.DOGE is currently in sixth place, after Tether (USDT). The Doge Day letdown came after a week of DOGE surging by almost 250% and briefly becoming the world’s fifth most popular cryptocurrency by market cap.This did not happen as Dogecoin dropped by 18.3% in the last 24 hours. investors to wake up and send the meme crypto’s prices soaring even more on the inaugural Doge Day. But the mass movement and what drives the crowd into Dogecoin is not to be ignored as a new characteristic in crypto trading.ĭoge Barking at the Moon /QFB81D7zOL- Elon Musk April 15, 2021īy the numbers: Doge Day - over 5,000% increase in Google search volume.Īfter Dogecoin surged to new all-time highs of US$0.42 on April 20 HKT, the Asian market was eagerly waiting for U.S. Whether these small investors will “win” has not yet been determined. In India, bet a few rupees here in the Philippines, a few pesos there… and suddenly you’re watching your little pot of wealth grow. It is wealth generation for non-whales, and it has now captured the imagination of a bigger crowd who are plowing into the coin. There’s a unique aspect of this doggy paddle in DOGE: limitless supply, meant to keep prices intentionally low and affordable, so that it could be used for small transactions. We spoke to many of them in Asia, who told us why they picked up some Dogecoins. It’s these investors who historically have been too small for financial institutions to pay attention to and generally ignored, who made small bets that added up into one giant momentum play in crypto this past week. What started as a joke has today captured the imagination of people around the world - these small, mom-and-pop investors who bet their hard-earned dollars for a quick bump. Instead, Nicholas Klein, an American labor union advocate, first uttered those words in 1918 - words meant to inspire support for an underdog and what many believed to be a hopeless cause. “First they ignore you, then they laugh at you, then they fight you, then you win.” It’s an oft-used quote by everyone from Elizabeth Holmes of the Theranos fraud to Donald Trump, and often misattributed to Gandhi. Can China be warming to digital assets?.Whistleblower Edward Snowden’s NFT sells for over $5 million.Cryptocurrency markets plummet - crash or correction?.Top 10 cryptocurrency, coinmarketcap, rand to pkr, cryptocurrency market,Ĭryptocurrency, crypto, bitcoin, cryptocurrency in pakistan, cryptocurrency meaning, pi cryptocurrency, bitcoin price, what is cryptocurrency, cryptocurrency bitcoin price, bitcoin to pkr, cryptocurrency market, cryptocurrency meaning in urdu, binance, cryptocurrency list, btc to usd, cryptocurrency news, cryptocurrency to pkr, coinbase, top 10 cryptocurrency, coinmarketcap, is cryptocurrency legal in pakistan,Ġ.1 btc to usd, 0.0005 btc to usd, bitkrypton, bitcoin bot, 1 btc in usd, perfect money, 0. I’ve used following websites to get images, audio and videos: In case if you want to take a look on our other youtube channels:
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