Finance
Dogecoin is outperforming other cryptos
Shutterstock
With a sharp sell-off that gripped cryptocurrency markets since
the beginning of the year, a coin deemed as the biggest joke
by many in the community has became the outlier to crypto-land
this time.
Dogecoin, an alt-coin inspired by a Doge meme, has jumped more
than 160 percent over the last 30 days, according to data on
CoinMarketCap, a website tracking crypto trading performance. In
fact, Dogecoin is the only crypto that’s posted big gains in the
last month, with all of the other coins including bitcoin and
ethereum suffering from double digit losses.
Dogecoin now has a market capitalization of $729 million, which
let it surpass Zcash and become a top-20 cryptocurrency by market
cap.
The outlandish surge of Dogecoin comes soon after it was added to
the popular trading app, Robinhood, in mid-July.
The token’s rise may also be attributed to a recently released
demo demonstrating a successful bridge that links Ethereum
and Dogecoin network.
The name of the Dogecoin coin is an homage to the popular
internet meme known as Doge, which became popular in 2013 and
features the face of a dog with comic sans texts in the
background.
Get the latest Bitcoin price here.>>
-
Business7 days ago
Lordstown Motors’ ousted CEO settles with SEC for misleading investors
-
Business6 days ago
Apple sued, Microsoft’s AI ambitions and Nvidia’s surprises
-
Business5 days ago
TechCrunch Mobility: The wheels are starting to come off the Fisker EV bus
-
Entertainment4 days ago
Amazon Big Spring Sale 2024: Shop 350+ deals on Apple, robot vacuums, security cameras, more
-
Business4 days ago
Maju Kuruvilla is out as CEO of one-click checkout company Bolt
-
Entertainment3 days ago
Where’s the AI in these ‘AI-powered’ products for your home?
-
Entertainment4 days ago
Asus ROG Zephyrus G14 (2024): The MacBook Pro of gaming laptops
-
Entertainment6 days ago
Amazon’s Big Spring Sale 2024: Shop 340+ deals on Apple, robot vacuums, security cameras, more