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During the 2017 to early 2018 cryptocurrency bubble, Dogecoin briefly reached a peak of $0.017 on January 7, 2018, putting its total market capitalization near $2 billion. In July 2020, the price of Dogecoin spiked following a TikTok trend aimed at getting Dogecoin to $1. [28]
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]
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.
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 ...
However, since then, there have been many Dogecoin copycats, rivals, and spinoffs. The most obvious rival is Shiba Inu (CRYPTO: SHIB), which has a market cap of about $11 billion. If you use a ...
The cryptocurrency that started as a joke in 2013 based on a Shibu Inu meme gained 54% Tuesday to reach a value of $0.11, making each Dogecoin worth more than a full U.S. dime, based on CoinDesk...
As a result, Dogecoin's price soared to an all-time high of $0.73 on May 8, 2021 -- which represented a 47,279% gain from its earliest trading price of $0.001540753 on Jan. 23, 2014.
That caused a significant decline in XRP's market capitalization and created chaos on the markets. [2] [3] According to Bloomberg, in November 2019, Coinmarketcap introduced a Liquidity metric designed to combat fake trading volume. [4] In April 2020, Binance, a cryptocurrency exchange, acquired Coinmarketcap for an undisclosed amount.