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Here’s a look back and how much $100 invested in DOGE today will be worth if new highs are reached. ... This represents a hypothetical return of 155.4% from the current market price.
As the crypto market’s recent selloff begins to slow, Dogecoin, the largest memecoin by market cap, has taken the hardest hit. Dogecoin tumbled 25% last week amid a Bitcoin and Ethereum ...
Despite its satirical nature, some consider it a legitimate investment prospect. Dogecoin features the face of Kabosu from the "doge" meme as its logo and namesake. [4] [5] [6] It was introduced on December 6, 2013, and quickly developed its own online community, reaching a peak market capitalization of over US$85 billion [a] on May 5, 2021. [7]
The first and most widely used decentralized ledger currency, [8] with the highest market capitalization as of 2018. [9] 2011 Litecoin: LTC, Ł Charlie Lee: Scrypt: C++ [10] PoW: One of the first cryptocurrencies to use scrypt as a hashing algorithm. 2011 Namecoin: NMC Vincent Durham [11] [12] SHA-256d: C++ [13] PoW: Also acts as an alternative ...
Their shares grew by over 31% on their first day to $328.28, pushing their market cap to $85.8B. [37] Other cryptocurrencies' prices also sharply rose, then followed by losses of value during this period. In May 2021, the value of Dogecoin, originally created as a joke, increased to 20,000% of value in one year. [38]
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The market capitalization of a cryptocurrency is calculated by multiplying the price by the number of coins in circulation. The total cryptocurrency market cap has historically been dominated by bitcoin accounting for at least 50% of the market cap value where altcoins have increased and decreased in market cap value in relation to bitcoin.
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