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Dogecoin Comes Full Time: Cryptocurrency of the Future or Outdated Internet Joke?
Prix dogecoin Sur Le Seuil, Prêt à Affronter Les Vendeurs à 0,1000 $ | Cryptomonnaie
Dogecoin, a cryptocurrency initially invented to justify a tenfold rise in unstable altcoins, experienced meteoric growth in early 2021. On Tuesday, May 4, its price crossed the symbolic threshold of $ 0.50, causing panic and excitement on social networks. So will Dogecoin make history by showing real utility or is Shiba currency just a joke?
Le Cours Du Shiba Inu (shib) Explose De Nouveau
Dogecoin reached an all-time high on Tuesday, May 4, with a 24-hour gain of 29.95%. The price increase pushed the price of DOGE to an all-time high of $0.605, thus crossing the symbolic bar of $0.50. This sudden rise in dog prices can be explained by various reasons.
First, the listing of the cryptocurrency on eToro on Monday, May 3 caused a significant increase in price, which made it reach the 4th place in the ranking of CoinMarketCap, in cash a total of $71.8 million.
Another phenomenon may explain the meteoric rise of Dogecoin’s price. Elon Musk, who is considered today as “Dogefather”, which can be translated as Godfather of Dogecoin, will do Saturday night near the 8th of May. Known for his memorable speeches, the CEO of Tesla is expected to be present by the entire Dogecoin community on the social network. The last prayer is in fact, the name on the side of the dog’s father, which can lead to a new breakthrough in the financial season.
Le Dogecoin Flambe De Plus De 50% Avec L’arrivée De
Remember that with a single tweet that says “Dogecoin to the moon”, Elon Musk made the biggest change in the price of DOGE on April 15, thus confirming the extent of his influence on this cryptocurrency.
So now there is no doubt that Dogecoin is one of the cryptocurrencies that are sensitive to the influence of the media, especially social networks. Although for some people this slogan today does not have a solid plan other than to entertain the gallery on Twitter and Reddit, things are about to change.
Other figures supporting Dogecoin include Mark Cuban, a billionaire businessman and owner of the Dallas Mavericks basketball team, who has recently taken an interest in Shiba currency. However, a question arises: does Mark Cuban have the desire to feed jokes by surfing the high volatility of the cryptocurrency or does he really want to participate in the Dogecoin project that intends to distribute real work in exchange for this currency to so called?
Le Dogecoin Est Il Un Concurrent Sérieux Au Bitcoin ?
It seems that his opinion about the reliability of Dogecoin is changing, because if Cuban himself compared Doge to a lottery ticket last February, his decisions as a businessman show the opposite. His NBA team, the Dallas Mavericks, began accepting Dogecoin as payment last March, bringing in more than $120,000 in merchandise revenue for his team and breaking sports sales records.
According to the billionaire, Dogecoin can become a “functional currency” if more companies start accepting it for their products and services. It can hold its value more than a dollar in your bank.
His thoughts could see the light of day. In fact, companies have already started announcing that they will accept DOGE as a payment method. So, the baseball team MLB Oakland Athletics announced on May 3 that it will sell two tickets for the game for 100 DOGE in 3 days.
Dogecoin Et Shiba En Hausse
Join us at the ballpark when the Blue Jays come to town! Pods with two seats in the Plaza area are available for 100 Dogecoin for the series. 🔗: https://t.co/RizI8lp46i pic.twitter.com/wdDROnpLJc – Oakland A’s (@Athletics) May 3, 2021
If the price of Dogecoin continues on its current path, this could be an expensive purchase for a DOGE owner. Other companies are following suit, such as CovCare, the market leader in the distribution of medical equipment, or the travel agency Travala Limited, both of which have announced that they accept DOGE as a payment method for their online sales .
$DOGE is now used as a payment method in #Travala for bookings! #DOGE token holders can now pay for 3M+ travel products worldwide, including hotels, flights, activities and travel gift cards. Sign up now at https://t.co/CL8FxAXFXS pic.twitter.com/oM3e3CrbMx — Travala.com 🏨 ✈️ 🏡 (@travalacom) May 3, 2021
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Now you will understand that the whole story, it is not the difference in price and the peaks that it reaches is the important information. Dogecoin has shown us many times that its price is very stable and the reasons that change it are more surprising than serious. What gives Dogecoin’s future visibility is its utility.
Money, to live, should not be a tool of speculation as its primary function. It is its application that will define what trust market players are positioned for. Here, it is too early to say whether Dogecoin will have real work that will make this cryptocurrency a solid project. That is why “people’s money” will have to become the money of many companies.
DOGE has seen its price increase by more than 250 since last year (Coingecko source: https://www.coingecko.com/en/coins/dogecoin), despite the influence of the media, distrust in special of this crypto currency is necessary. Now, the past has taught us that the road to money mostly likes to ride a roller coaster and sometimes the fall is as sudden as the rise, only the future will tell… but you need to be warned .
Les Valeurs Du Shiba Inu Et Du Dogecoin Se Sont équilibrées
Web3 avatar maker Ready Player Me recently raised $56 million in Series B funding led by a16z.
A few hours after launch, the NFT Sudorere exchange disappeared along with its users’ tokens.
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Rentabilité Shiba Inu Et Dogecoin égalisées
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Le Dogecoin Atteint Son Seuil Historique
To increase the use of Dogecoin, their team announced a new update. He said that Core 1.14.6 is now available and live. This will bring many improvements to Dogecoin. It will add new features to the user interface.
#Dogecoin Core 1.14.6 is now available, live and updated! With a good number of improvements under the hood and some great new features in the user interface. Get it here – https://t.co/7pn8tl4dwJ This is definitely a recommended offer for everyone! — Dogecoin (@dogecoin) July 20, 2022
The announcement adds that the release will include important security features and other network performance changes. The team asked all key users such as miners, service users and wallets to update. However, the update will increase the dust limit on the network from 1 DOGE to 0.01 DOGE.
Tout Ce Que Vous Devez Savoir Sur La Prochaine Mise à Jour 1.46.6 Du Dogecoin (doge)
Earlier, Elon Musk, in the quarterly financial meeting, said that Tesla sold about 75% of its assets in bitcoin in the second quarter. He also stated that they did not sell their Dogecoin assets and are still keeping the same amount.
DOGE’s stock did not respond to the announcements. Indeed, its price has dropped by about 7% in the last 24 hours. Musk’s influence on DOGE seems to be increasing over time. He was very clear in showing his support for meme money.
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