Cryptocurrency Dogecoin Pumps 900% in 24 Hours

Dogecoin has gained significant value in the last 24 hours after a Reddit group named, SatoshiStreetBets posted optimistic views about the cryptocurrency. SatoshiStreetBets is the crypto version of the famous Reddit group, WallStreetBets. Doge is currently trading near $0.07 with a market cap of around $9 billion.

Dogecoin has been in the news lately due to a famous tweet by the world’s richest person, Elon Musk. The founder of Tesla teased the crypto community with his famous tweet, “One word: Doge.” The cryptocurrency has been on the rise since then but the recent pump by SatoshiStreetBets pushed Doge to the highest level in its history.

Dogecoin is now more valuable than Chainlink, Litecoin, Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term Cash, Stellar, and Uniswap. The cryptocurrency has jumped more than 1,000% since the start of 2020. Doge is now up more than 2,000% as compared to October 2020.

“DOGE has no boundaries like stocks, anyone can easily buy from crypto exchanges. At my time of writing this, Doge is up 2,400% from where it was 3 months ago, and at an astronomical all-time-high. There are probably thousands of users waiting for their crypto account verification to jump on the hype train. Not only is Doge logistically accessible, but it’s super affordable,” a Reddit user Foreskin posted.

Dogecoin and SatoshiStreetBets

The cryptocurrency is getting popular among retail investors due to the Reddit frenzy. Crypto exchanges around the world are reporting huge demand for Dogecoin. The Reddit group is posting regular updates about the recent developments related to Dogecoin. SatoshiStreetBets community is growing at a rapid pace. Apart from Doge, other Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term posted strong gains during the last 24 hours: XRP jumped nearly 10% to reach $0.28; Stellar (XLM) gained more than 25% in a single day to reach $0.32. Further, the world’s largest cryptocurrency Bitcoin is currently trading near $32,500, up nearly 3% in the last 24 hours. Overall, the digital assets now have a market cap of $960 billion.