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Why Dogecoin isn't a great alternative to Bitcoin. Dogecoin might be in the spotlight right now, but it's still trading far below its all-time high because it hasn't resolved its most pressing issues.
One of the big selling points for Bitcoin is its finite supply, which many believe makes it a potential hedge against inflation. One thing Dogecoin has undeniably done well is take advantage of ...
Image source: Getty Images. Dogecoin could reach $1, but it probably won't stay there. Dogecoin's post-election rally recently stalled at $0.47, which is still way below its record high from 2021.
The price of Dogecoin (CRYPTO: DOGE) traded 3.2% lower, while XRP (CRYPTO: XRP) had fallen 3.1%. Start Your Mornings Smarter! Wake up with Breakfast news in your inbox every market day.
Simple math suggests that a price per token of $1 would give Dogecoin a market capitalization of $147.1 billion. That isn't entirely impossible considering Bitcoin now has a market cap of $2 trillion.
Given that Dogecoin is now outperforming Bitcoin (CRYPTO: BTC) for the year, it's perhaps no surprise that it is beginning to attract attention from crypto investors. But before you invest in ...
But unlike Bitcoin, which has a maximum supply of 21 million tokens, Dogecoin doesn't have an ultimate supply cap. There are currently 146.3 billion Dogecoins in circulation, and that supply is ...
Meme token Dogecoin (CRYPTO: DOGE), for example, was sitting on an incredible year-to-date return of 414% until last Wednesday, but it has plunged by 31% in the week since. Dogecoin is heading ...