![]() ![]() People are already looking for the next crypto that could produce similar results, and many are turning their eyes toward Safemoon, for example, whose price today is at $0.000007, and hence has plenty of room to grow. That said, investors who invested $100 in January, for example, made a lot of money as Doge shot up 13,000% this year. Dogecoin has 129.5 billion tokens in circulation and has no hard cap on the number of coins that can be produced. In addition, it doesn’t have the important supply and demand factor embedded in Bitcoin, the supply of which is capped 21 million. If you’re planning on investing in it, you should be ready to stomach wild swings. While it has gained incredible traction lately as well as celebrity endorsements, including Mark Cuban and Snoop Dog, just like any other crypto, it’s extremely volatile. However, unlike Litecoin, there is no no limit on the number of Dogecoins that can be produced.” See: Dogecoin Exceeds $11 Billion Market Cap as Coinbase Launches IPOįind: Hedge Fund Manager Warns: Beware the Meme Stockĭogecoin was created as a joke - its name is a reference to a popular internet meme, according to Coinbase. It also reached $65 billion in market cap, according to Coinbase. The crash brought the ire of many traders on Twitter, who threatened to “leave the app.”ĭoge was trading at a record $0.70 Saturday, plummeting to $0.42, according to CoinMarketCap data. ![]()
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