Cryptocurrency dogecoin today

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Confused About Dogecoin? Here’s How It (Doesn’t) Work.

Tesla chief Elon Musk said on Friday the electric carmaker will accept the cryptocurrency Dogecoin as payment for its merchandise. The meme-based crypto jumped on Friday as much as 14 per cent in 24 hours, according to pricing from Coinmarketcap. Musk has hinted at the move for some time. The Tesla chief has called Doge the "people's crypto" in a tweet in , causing it to soar around 4, per cent.

In December, Musk said in a tweet that Dogecoin will be allowed on a test basis to purchase its merchandise. The news sent the cryptocurrency up more than 20 per cent. Dogecoin was created as an initial joke by two software engineers, who were making fun of the wild speculation of cryptocurrencies. Doge is considered the first "Meme coin". This content is not available in your region.

Dogecoin surged by as much as 14 per cent on the news. Bitcoin ban: These are the countries where crypto is restricted or illegal Bitcoin's rocky reign and the rise of memecoins: Why was crypto's wildest year yet. Elon Musk announces Tesla will start accepting Dogecoin as payment Elon Musk rejects claims his satellite company Starlink is hogging space after near-miss claims.

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What is dogecoin? And why is it rising and falling with Elon Musk?

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Robinhood has announced that its hotly-anticipated cryptocurrency wallet, Yesterday and today, the enthusiasm for joke cryptocurrency Dogecoin.

The crypto market is dropping like crazy. Here’s why

Dogecoin wasn't the only coin to reach new heights Tuesday. The current stage of the bull market cycle and Coinbase's direct listing later this week are likely pushing dogecoin and other cryptocurrencies higher, said Adam Levine, managing director of podcasts and audio at Coindesk, who added that there typically isn't just one factor that drives up the price of the meme token. It's partly because the tokens are very cheap. Momentum could also be pushing up dogecoin's price right now, he said. A lot of early backers of dogecoin considered it "dead" coming into this year, and the coin's wild rally was largely unexpected. Now that the price has stayed elevated, it appears to be ticking higher when the broader crypto market gains. Keep reading.

Dogecoin’s value is soaring. Here’s why people are investing in the cryptocurrency

cryptocurrency dogecoin today

You might be using an unsupported or outdated browser. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge to view this website. Every dog has its day, and in the world of cryptocurrencies the luckiest dog recently has been Dogecoin. While its price has been wildly volatile, with a massive drop in mid from its all-time high of just over 70 cents per coin, Dogecoin continues to be a popular crypto option.

It is a crypto project promising to disrupt the crypto industry this year the most.

Why Is Dogecoin Flexing Its Muscles Today?

On the daily timeframe, the BTC trend continues to traverse within the descending channel pattern. BTC continues to remain in the oversold zone, however the RSI has almost doubled over the last ten days to edge closer to The hourly chart has given a breakout from the triangle pattern. The demand for the Ethereum network has increased tremendously over the last 6 months with the hasrate reaching a new high amidst DeFi and NFT space gaining popularity," Menon added. Never miss a story! Stay connected and informed with Mint.

Dogecoin Is Surging Again, and for Some Actual Reasons

It is perhaps the ultimate symbol of late capitalism: a digital currency that started as a joke, now worth more than the Ford motor company, BP or Tesco. Riding a wave of speculative interest despite Covid triggering the worst global recession since the s Great Depression, Dogecoin has been a huge hit with amateur investors. It is a cryptocurrency based on an internet meme — a humorous online phrase or photo, which on this occasion is a dog — and has shot to wider attention with a record-breaking rise in value in recent weeks. He has previously tweeted support for Dogecoin in what may be best understood as the perpetuation of an online joke. Created in by two software engineers from IBM and Adobe, the Dogecoin digital currency is based on the Doge meme, which features a Japanese shiba inu dog surrounded by grammatically incorrect phrases in a kind of inner monologue. Similar to internet-fuelled speculation in GameStop, the surge in Dogecoin comes as the US government sends out its third round of emergency Covid payments to eligible American households.

The cryptocurrency market dropped. Dogecoin, Bitcoin and Ether dropped to new lows. Why did cryptocurrency drop?

Dogecoin surges after Elon Musk says the crypto can be used to purchase Tesla goods

LONDON, April 20 Reuters - Meme-based cryptocurrency Dogecoin fell on Tuesday after hitting an all-time high in a wild session that saw supporters of the token once considered a parody use hashtags to fuel a rally until it lost steam. Dogecoin ultimately fell Dogecoin fans used the hashtags DogeDay and DogeDay to post memes, messages and videos on Twitter, Reddit and TikTok, referring to the informal April 20 holiday to celebrate cannabis which is marked by smoke-ins and street parties.

Tesla starts accepting once-joke cryptocurrency Dogecoin

RELATED VIDEO: Baby doge coin big airdrop - सबको free में मिलेगा babydogecoin🔥🔥

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Cryptocurrencies today: Bitcoin, Ether gain; Dogecoin, Shiba Inu, Solana tumble

We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audiences come from. To learn more or opt-out, read our Cookie Policy. The cryptocurrency market fell to multimonth lows. Does anyone know why? The cryptocurrency market has suffered a massive drop that put crypto token prices at multimonth lows. The bigger picture: Investors are worried about the state of cryptocurrency, especially as countries make major moves to combat the crypto market.

Bitcoin, dogecoin, other crypto prices today surge; ether rallies 10%, Solana up 19%

Doge is the native cryptocurrency of dogecoin, a parody cryptocurrency based on a viral internet meme of a Shiba Inu dog. At first, the crypto project was created purely as a mockery of other cryptocurrency projects that were being launched at the time. Doge was never designed to have any real-world utility beyond being a simple blockchain-based payment system; however, it quickly amassed a diehard community of fans who found and developed new use cases for it.

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