Cryptocurrency value

Dogecoin Lovers Hijacks Internet To Push Cryptocurrency Value To Mark ‘420’

2021 is the year of Dogecoin. The cryptocurrency meme that started out as a joke is currently on the rise to what could be its highest value yet. On Thursday, the very cryptocurrency that started out as a joke hit its highest value on record so far. Dogecoin’s 24-hour window has grown by 112.89%, with the cryptocurrency currently at $ 0.29, or nearly 30 cents. Just two days after the cryptocurrency recorded the milestone of reaching 10 cents on April 14. Tweeting cryptocurrency meme Elon Musk has hit an all-time high, and the wave doesn’t appear to be falling anytime soon. This is the highest level ever for cryptocurrency, and the result of a semi-ironic move involving thousands of buyers, tens of thousands of online posters and the richest man in the world. world, Elon Musk. But it may have come at a cost – the cost of the Robinhood app servers.

On April 20, the process could see another test, as crypto traders aim to inflate the price of the cryptocurrency today, to the highest possible value – but the target for now is 69 cents.

Dogecoin is currently trading within pennies of its all-time high of $ 0.43 ($ 038 at the time of writing), which it hit on Friday following an astonishing price spike. The market rally has pushed the overall value of dogecoin above $ 50 billion, ranking it among the top five most valuable cryptocurrencies in the world.

The movement to push the prices of the cryptocurrency meme started where it still does: Reddit. One user in a recent article wrote: “$ 1 is inevitable, and we can make a pit stop on the moon, sure, but our lord and savior doge shouldn’t be limited by such small goals,” said the user, referring to the belief that many Dogecoin fans have stated that the cryptocurrency will hit the dollar bar. “The time is now. We can mother devil do that. “

It also quickly became a trend on Twitter.

In early January, each token was worth less than a cent. In late January, when the GameStop and DogeCoin movements hit their stride, the value of DogeCoin climbed to 7.5 cents, well above a magnification of 10, before dropping to 2.5 cents. The coin has spent the past few months in the three to seven cent range.

The Shiba Inu-themed digital coin broke above 8 cents for the first time, just a week after it dropped to 2.5 cents and sparked an uproar on Reddit. It has risen 53% in the past 24 hours to 8.2 cents, breaking its recent high of 7.8 cents recorded at the end of January.

What is dogecoin? Dogecoin, just like Bitcoin, is a digital coin used for electronic transactions. Doge is a reference to the ‘doge’ meme and has an image of the shiba inu on it. It is a cryptocurrency, a form of digital currency that, like bitcoin, enables peer-to-peer transactions over a decentralized network.

Since its inception, Doge has also been used to donate money to charity. These include the 2014 Jamaican bobsleigh team that couldn’t afford to make it to the Sochi Winter Olympics, a Nascar pilot named Josh Wise, and a clean water project in Kenya called Doge4Water. .

At the peak of the meme’s popularity in 2013, Palmer, an Australian marketer, made a joke combining two of the most talked about topics on the internet: cryptocurrency and Doge. He bought the domain and uploaded a reworked Shibe on a coin.

“If you want to make Dogecoin a reality, contact us,” the website said. Across the world, IBM software engineer Billy Markus got in touch and put Dogecoin live. Dogecoin has climbed over 60% in the past 24 hours and has seen a 1,421% increase in trading volume according to crypto data firm CoinMarketCap.

The peak price of Dogecoin in 2018 was around two cents, just before it collapsed along with the rest of the cryptocurrency. Reports suggest that by early 2019 Dogecoin had lost almost 90% of its value and was trading for a fraction of a dime … until now.

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