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HUGE DOGECOIN BITCOIN & CRYPTOCURRENCY UPDATE!! THIS IS IMPORTANT!! LATEST BREAKING NEWS!!



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YOU MUST SEE THIS HUGE DOGECOIN BITCOIN& CRYPTOCURRENCY UPDATE!! THIS IS IMPORTANT!!

Elon Musk, the CEO of Tesla and SpaceX, has been a supporter of Dogecoin, a cryptocurrency inspired by memes. Tesla TSLA billionaire Elon Musk has raised the price of Bitcoin and Dogecoin several times in the past ... [+] months, helping them soar to a $40 billion market cap and propelling them into crypto Top of the currency leaderboard. Tesla TSLA billionaire Elon Musk regularly posts Dogecoin memes and sponsorships on his favorite social networking site, Twitter, helping Dogecoin to become the fifth largest after Bitcoin, Ethereum, Binances BNB and Cardano The biggest and most valuable cryptocurrency. The popularity of mainstream cryptocurrencies has soared recently after Tesla CEO Elon Musk claimed to be a crypto supporter and even changed his Twitter bio to #bitcoin.

This week, the virtual currency based on Dogecoin memes surged to all-time highs and along with it attracted the attention of other popular cryptocurrencies such as Bitcoin and Ethereum. Some crypto market participants said that the volatility of the meme-based virtual currency Dogecoin was its main attraction, as its trading volumes were fueled by a combination of retail investors and market makers. He added that, like most cryptocurrencies, it is likely to drop in value again by Sunday, possibly as low as 50 cents. Fell is ending an interesting year, especially for the Dogecoin cryptocurrency.

Cryptocurrency markets have been a little volatile in recent weeks as the price of bitcoin has fallen. While crypto investors have seen a boom in the bull market in recent months, this significant drop in bitcoin in recent days could be a sign that the crypto market may be in a bubble. The average price of bitcoin over the past 50 days has fallen below the 200-day moving average of bitcoin, which means there could be more pressure on the digital currency. Ethereum has lost almost 57% from its all-time high of $4,356.99 in May, while Dogecoin has lost over 70% since reaching an all-time high of 73 cents last month, according to CoinGecko.

Dogecoin began skyrocketing in April, hitting an all-time high of almost 74 cents last month. The prank coin has surged more than 13,000 percent since Jan. 1 to its all-time high of 69 cents on Wednesday, according to CoinMarketCap. Amid the surge in cryptocurrencies, the overall market cap of the joke coin is now over $78 billion, according to CoinMarketCap. Meme cryptocurrency can also be purchased through trading apps like Robinhood and, starting Thursday, digital exchanges like Coinbase.

Robinhood, a popular trading app among young investors, has already allowed users to buy crypto memes and other cryptocurrencies. As the joke coin caught on, retail traders and traditional investors began to join in – the frenzy also briefly brought the Robinhood trading app to a halt this week. Reddit is dedicated to the WallStreetBets forum, which launched GameStop action into the stratosphere in an attempt to push "to the moon" and the cryptocurrency meme. Cryptocurrency trading reached such a frenzy that trading on Robinhood collapsed in mid-April and then again in early May.

Some have won; Dogecoin slumped to as low as $0.22 in the latest sell-off, surging above $0.40 this week after crypto platform Coinbase announced the launch of trading for users of its Pro service, despite Dogecoin’s Prices remain highly volatile. Many Dogecoin fans and investors are now hopeful that the hype will develop to the point where the cryptocurrency’s price rises to $1 in the next few days. Following the surge, Dogecoin has gained more than 11,000% since the beginning of the year.

During the 2017 to early 2018 cryptocurrency bubble Dogecoin (DOHJ-coin briefly peaked at $0.017 per coin on January 7, 2018,bringing its total market capitalization 2BILLION

Category
Cryptocurrencies
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