So CryptoAs reported by Bloomberg, Dogecoin is the only cryptocurrency to see significant gains over the last month-long period — rocketing up 160 percent. Dogecoin is a joke cryptocurrency which boasts the likeness of the famous Shiba Inu from the “Doge’ internet meme. The coin has been around since December of 2013 and apparently isn’t going away anytime soon. (Nor should it.)
Much AccessSo, what’s the deal? Why is a joke cryptocurrency performing relatively well while market leaders like Ethereum, Ripple, and Bitcoin Cash continue to get slaughtered? One theory, as noted by Bloomberg, is that the cryptocurrencies addition to the popular Robinhood app in mid-July has bolstered the accessibility of Dogecoin. Of course, it could be that Dogecoin’s recent success is tied to the fact that the cryptocurrency is “very currency wow much coin how money so crypto,” among other things. What do you think about Dogecoin and why do you think it’s performing well over the last month? Let us know your thoughts in the comments below!
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