Bitcoin and the wider cryptocurrency market has been surging recently, pushed on by iPhone maker Apple and social media giant Facebook's newfound interest in bitcoin and cryptocurrencies...
The dogecoin price has leaped higher unexpectedly, pushing its market capitalization to over $500,000,000 and making it the 27th most valuable cryptocurrency.Elon Musk has yet to weigh in on the development but he has previously tweeted"dogecoin might be my fav cryptocurrency," adding"it’s pretty cool," shortly after branding bitcoin itself"brilliant."
Dogecoin has found other high-profile supporters as well as Musk. Last month, John McAfee, the millionaire creator of McAfee security software-turned U.S. presidential hopeful and globe-trotting adventurer, praised dogecoin as"one of the fastest growing coins based on use."."The coin now has a market cap of $360 million. The crypto market is, in no way, related to the stock market. Inherent value is, ultimately, based on usage. Go figure.
Dogecoin, surprisingly one of the oldest bitcoin rivals, was co-created in 2013 by a then 26-year-old Australian, Jackson Palmer, after joking about it on Twitter.
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