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Dogecoin counts Elon Musk among its fans. In May 2021, he polled his millions of followers on Twitter on whether Tesla should accept the cryptocurrency as payment.
As the chart above clearly shows, Dogecoin's ascent in 2021 was short-lived. Over the last few years, the price of Dogecoin has hovered around $0.10 -- and even with its near-400% return so far in ...
Dogecoin opened 2021 at a price of $0.0046, and it soared 15,769% within five months to hit a record high of $0.73. Musk was a big proponent of that incredible rally, ...
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] As of 2021, it is the sleeve sponsor [b] of Watford Football Club. [8]
Dogecoin's rise to $0.73 in 2021 was driven by pure speculation, and since speculative frenzies never last, it was no surprise when the token plunged by as much as 92% from that peak in 2022.
The original photo of Kabosu that led to the meme. Doge (usually / d oʊ dʒ / DOHJ, / d oʊ ɡ / DOHG or / d oʊ ʒ / DOHZH) is an Internet meme that became popular in 2013. The meme consists of a picture of a Shiba Inu dog, accompanied by multicolored text in Comic Sans font in the foreground.
Consider what happened in 2021. In early January, Dogecoin was trading for just $0.01. After a huge hype cycle, Dogecoin exploded in value before hitting $0.74 in May. By July, though, the hype ...
Dogecoin opened for trading on Jan. 1, 2021 at $0.00468 and hit a high of $0.005685 on that day. A $1,000 investment at the time could have purchased 175,901.50 DOGE based on the highest price ...