Joke cryptocurrency

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.

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Content:

• The Joke Is Over, As Dogecoin Is Now a Top 10 Cryptocurrency
• My Joke Cryptocurrency Hit $2 Billion and Something Is Very Wrong
• Elon Musk Ridicules Bitcoin Maxis With 'Lightbulb' Joke; Cryptocurrency Surges Past $35000
• Shiba Inu cryptocurrency: All you need to know about the meme coin
• Brothers wake up millionaires after $257 investment in ‘joke’ crypto coin
• Tesla starts accepting once-joke cryptocurrency Dogecoin
• Dogecoin (DOGE): The Cultural Significance of a Joke Crypto
• Dogecoin’s record-breaking rise shoots ‘joke’ cryptocurrency to wider attention
• Confused About Dogecoin? Here’s How It (Doesn’t) Work.

WATCH RELATED VIDEO: Guys that talk about nothing but cryptocurrency all day

The Joke Is Over, As Dogecoin Is Now a Top 10 Cryptocurrency

The joke cypto, referencing their purple mascot shaped like a tastebud, parodied an earlier request by Elon Musk during a light-hearted Twitter exchange. Just hours later, the tweet had spurred the creation of nearly 10 grimacecoins on the Binance Smart Chain BSC network alone. His comment came after McDonald's first tweeted on Monday: "How are you doing people who run crypto Twitter accounts? Dogecoin, which was initially started as a joke in , is currently in the top 10 by market value for cryptocurrencies.

It's one of several reasons why cryptocurrencies are high-risk investments, so it's important to only invest what you can afford to lose if anything.

Some products and cryptocurrency services can be very complex, and you should only put cash into things you understand. Also, keep in mind that cryptocurrency firms aren't regulated like other financial companies.

Earlier in January, Mr Musk also announced that Tesla customers can now buy select items of merchandise using Dogecoin. It's almost impossible to predict whether Dogecoin's price will fall or rise this year as cryptocurrencies are so volatile.

The market is unpredictable as it is affected by a number of factors , including regulatory crackdowns and comments by high-profile individuals. But that doesn't stop some crypto fans from forecasting what they think will happen to Dogecoin's price. Email us at exclusive the-sun. Like us on Facebook at www. Jump directly to the content. Sign in. All Football. Most read in News. Consumer protection : Some investments advertising high returns based on cryptoassets may not be subject to regulation beyond anti-money laundering requirements.

Price volatility : Significant price volatility in cryptoassets, combined with the inherent difficulties of valuing cryptoassets reliably, places consumers at a high risk of losses. Product complexity : The complexity of some products and services relating to cryptoassets can make it hard for consumers to understand the risks. There is no guarantee that cryptoassets can be converted back into cash. Converting a cryptoasset back to cash depends on demand and supply existing in the market.

Charges and fees : Consumers should consider the impact of fees and charges on their investment which may be more than those for regulated investment products. Marketing materials : Firms may overstate the returns of products or understate the risks involved.

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My Joke Cryptocurrency Hit $2 Billion and Something Is Very Wrong

The surge in DOGE came on the back of frenzied speculative trading by retail investors after the cryptocurrency got attention from a lot of users on the Reddit message board. At this valuation, the crypto asset can figure in the list of top Indian companies, and even beat the likes of Bandhan Bank, Lupin and Cadila Healthcare. The breakneck rally in DOGE has propelled it among the 10 top cryptocurrencies in the world. Also Read Covid vaccination faces slow start. Earlier, shares of GameStop also had seen a massive rally due to similar attention on social media and chat rooms, including GameStop. The same thing happened with Dogecoin as well over the last two days, where a lot of memes got created, including by prominent figures such as Elon Musk on Twitter. This pushed curiosity in the cryptocurrency and then the retail investors towards it," added Singhal.

Elon Musk Ridicules Bitcoin Maxis With 'Lightbulb' Joke; Cryptocurrency Surges Past $35000

Singapore, Jan. Shortly after mooning the price falls down and investor confidence wanes along with the overall price trend. These meme coins are literal joke cryptocurrencies. They have no utility and no use case — not to mention their supply is typically uncapped. All Dogecoin has is plenty of hopium but nothing to back up its perceived value. What if there was a coin like Dogecoin but it has utility? What if it had actual use cases beyond just being a joke cryptocurrency? Guess what — HyperDoge is the new Shiba Inu-themed crypto but with actual utility. Forget the moon, this crypto is headed to Mars!

Shiba Inu cryptocurrency: All you need to know about the meme coin

Dogecoin, the Shibu Inu-themed cryptocurrency which started as a joke in , has now outperformed its rivals to gain the sixth-biggest market value of its kind. Experts stipulated that one reason behind Dogecoin's recent success is Elon Musk, the third-richest man in the world, whose frequent tweets on cryptocurrency-related matters have often led to volatility in the market. Elon Musk, who often pitches in with memes from his personal Twitter handle, has moved the prices of cryptocurrencies -- Bitcoin and Dogecoin -- multiple times. But some Dogecoin fans are actively courting him.

Brothers wake up millionaires after $257 investment in ‘joke’ crypto coin

Take a look at the beta version of dw. We're not done yet! Your opinion can help us make it better. We use cookies to improve our service for you. You can find more information in our data protection declaration. Based on a meme, it has ironically shown itself to be rather sensitive to jokes, as revealed in a recent Elon Musk gag.

Tesla starts accepting once-joke cryptocurrency Dogecoin

October was a solid month for cryptocurrencies across the board, with other meme coins like shiba inu coin and dogecoin also gaining in October. Bitcoin and ethereum also both reached record highs in October. Shiba inu coin in particular has seen impressive gains. Conversations on Reddit's Wall Street Bets and across social media have continued to boost meme-coin popularity, and Dogelon Mars has been riding the wave of enthusiasm. The DogelonMars Twitter account shares memes and updates as the coin continues to rack up gains, and on Sunday dogelonmars was trending on Twitter. According to DogelonMars. The website - complete with a cartoon dog in a spacesuit and animated background - includes a fictional story about its creation, adding additional flair to its meme-coin status. Times Internet Limited.

Dogecoin (DOGE): The Cultural Significance of a Joke Crypto

Photoshopped Image of Elon Musk holding 'doge'. Photo posted on Twitter by Elon Musk. Elon Musk thinks Dogecoin could be the next future currency and also thinks he can put it on the moon. The Tesla boss and SpaceX CEO who has been very openly pushing for cryptocurrency via his Twitter, and sometimes by trying to incorporate it into his methods too, like when he announced Tesla would accept Bitcoin.

Dogecoin’s record-breaking rise shoots ‘joke’ cryptocurrency to wider attention

RELATED VIDEO: Tons of money pouring into #crypto right now! Here's why the market isn't really so bad!

Please note that this site uses cookies to personalise content and adverts, to provide social media features, and to analyse web traffic. Click here for more information. The villagers, seeing that there were many monkeys around, went out to the forest and started catching them. This renewed the efforts of Somebody today was explaining to me how the cryptocurrency market was changing, even though I already knew It was a bit coin descending.

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

The price of Dogecoin has appreciated dramatically since May see Figure 1 , but it remains a relatively cheap coin with a very large supply. But what exactly is it — and does it have any value? Dogecoin is a cryptocurrency that began as a joke , taking its name and logo from a meme of a Shiba Inu dog that became popular online in It was founded by Jackson Palmer — a software engineer working for Adobe — although he has since walked away from the project. Palmer had two tabs open side-by-side on his computer — one was CoinMarketCap an aggregator of data on cryptocurrencies and the other was a news article about the best meme of , Doge.

After the rise, it became a meme fest on the internet and the memes surged almost as much as the price of the cryptocurrency did. Similar to bitcoin, Dogecoin is a digital coin that is mainly used for e-transactions and its meme has a picture of the shiba inu on it. Invented by software engineers Billy Markus and Jackson Palmer in , the price of Dogecoin saw a mammoth rise after Reddit traders targeted it.