Wow, DogeCoin up Such 900%, Much Suffering for Other AltCoins

The DogeCoin – Created after the very popular meme – has not been on the market for very long, actually only a couple of weeks, but is already the 9th strongest AltCoin on the market. While the Bitcoin and most other AltCoins continues to go down in value, the DogeCoin has risen in value with 935% the last seven days, which is an unbelievable jump for any AltCoin.

The total market value today hit $9,5 million for the DogeCoin, which is not a lot compared to other coins, but quite well taken into consideration the short life time of the coin. Just like many other cryptocurrencies, the goal for the DogeCoin is to become more valuable than real life currencies and to create a fun experience using cryptocurrencies.

Today (20th December), 9% of the 100 million DogeCoin’s has been mined, but with an increased crowd attracted to the coin and with potential to grow large we are sure that more and more will start mining, making the process even faster, despite it is becoming more difficult to mine now.

Daniel Allermand

Daniel Allermand is a freelance writer, with more than 4 years of experience in the industry as an operator, affiliate and poker player. Daniel has decided it was time to try and bring more coverage about the industry to the general public by writing articles about everything from poker to casino.  

Recent Posts

Bitcoin is not a good option for criminals, says former CIA Director in a new report

Bitcoin is not really being used in money laundering operations. And considering the fact every transaction is recorded on the…

4 hours ago

“caged bull” Bitcoin breaks into a new all-time high of almost $63,000

Just a day after Bloomberg analyst Mike McGlone called Bitcoin a “caged bull, well rested to escape”, the latter seemed…

7 hours ago

Ripple files motions to dismiss lawsuit as XRP blasts to new three-year high

Just before the weekend, Judge Sarah Netburn ruled that Ripple executives Brad Garlinghouse and Chris Larsen’s did not have to…

8 hours ago

Cardano, more than a hedge against Ethereum?

In a new video on the popular YouTube channel ‘Coin Bureau’, host Guy shares his thoughts on Cardano and the…

10 hours ago

Revolut brings eleven new Crypto assets to its platform

On Thursday, London-based digital payments firm Revolut announced that it had just added eleven new crypto assets to its banking…

23 hours ago

Ripple’s XRP is skyrocketing as the team celebrates three wins in a row in its SEC lawsuit

This Friday, U.S. Judge Sarah Netburn granted Ripple’s motion to keep its CEO’s financial records private after the Securities and Exchange Commission…

2 days ago