At the same time, Mark Cuban, owner of the Dallas Mavericks basketball team, also made several posts in support of dogecoin.
“As long as more companies take doge for products/services, then Doge can be a usable currency because it MAY hold its purchasing value better than a $ in your bank,” Cuban said in a May 2 tweet. “If interest rates skyrocket or the amount spent falls or stagnates, so will Doge. Yes, a joke is now legit.”
The top 693 addresses already control 79.2 percent of all DOGE in circulation. Elon Musk has been vocal in his criticism of this astounding figure. It’s worth noting that the most recent price spikes have been specifically attributed to Musk’s Dogecoin-related memes and tweets.
Dec 27, 2020 at 2:43 p.m. UTCUpdated Dec 27, 2020 at 3:27 p.m. UTC
After tearing through $27,000 for the first time ever only a few hours before, the price of bitcoin briefly surged past $28,000 Sunday morning as the leading cryptocurrency’s recent meteoric rise continues. BTC’s market value now exceeds $500 billion.
Recently, BTC has been leaving a string of broken records in its wake after passing the psychologically key $20,000 mark for the first time on Dec. 16.
In the last several days BTC seems to found yet another gear, breaking through $25,000 Friday night for the first time, and going through $26,000 Saturday afternoon like a hot poker through one-ply tissue.