Here’s a $80b joke too serious to laugh off now
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Unlike other cryptocurrencies that are either in limited circulation – making them a storehouse of value - or have use cases like smart contracts, Doge’s use cases have been limited to tipping on Twitter and Reddit for quality content.
ETtech
Named after a meme of the Japanese dog breed Shiba Inu and with supporters including Tesla s Elon Musk, the cryptocurrency has risen over 10X in the last three months, with its market cap standing at almost $80 billion on Thursday.
Indian cryptocurrency exchanges are now witnessing record-breaking trading volumes of Dogecoin, causing massive surge in traffic on these platforms.
Dogecoin mania reaches Indian crypto exchanges
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ETtech
Named after a meme of the Japanese dog breed Shiba Inu and with supporters including Tesla s Elon Musk, the cryptocurrency has risen over 10X in the last three months, with its market cap standing at almost $80 billion on Thursday.
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Indian cryptocurrency exchanges are now witnessing record-breaking trading volumes of Dogecoin, causing massive surge in traffic on these platforms.
On Wednesday, Binance-owned WazirX’s Doge/INR trading slowed its system as the platform saw record traffic that it did not have the capacity to support.