NEW YORK (AP) Dogecoin had its day.
After fans of the cryptocurrency touted April 20, long an unofficial holiday for marijuana devotees, as “Doge Day,” Dogecoin failed to come close to the $1 target that supporters hoped to reach and was falling in late afternoon trading.
The goal may have sounded like a low hurdle, particularly when compared against the $50,000 or $60,000 that a bitcoin is worth, depending on the day. But Dogecoin has already had an astonishing ascent from the roughly half of a cent that it was fetching at the start of the year.
Dogecoin, which is pronounced dohj-coin, has already leaped to roughly 33 cents and is flirting with a 7,000% gain for 2021 so far. That towers over the roughly 10% return for the U.S. stock market, which itself is getting criticism for rising too high. Collectively, dogecoins have a total market value of about $42 billion, according to CoinDesk. That puts it in the same neighborhood as Chipotle Mexican Grill and eBay.
Dogecoin has its day; cryptocurrency is latest meme craze
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STAN CHOE, AP Business Writer
April 20, 2021
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This mobile phone app screen shot shows the logo for Dogecoin, in New York, Tuesday, April 20, 2021. Dogecoin, the digital currency advertised as the one favored by Shiba Inus worldwide, is having its day. Fans of the cryptocurrency are touting April 20, long an unofficial holiday for marijuana devotees, as Doge Day and imploring each other to get its value up to $1.Richard Drew/AP
NEW YORK (AP) Dogecoin had its day.
After fans of the cryptocurrency touted April 20, long an unofficial holiday for marijuana devotees, as “Doge Day,” Dogecoin failed to come close to the $1 target that supporters hoped to reach and was falling in late afternoon trading.
Cryptocurrency is latest meme craze – Finance & Commerce finance-commerce.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finance-commerce.com Daily Mail and Mail on Sunday newspapers.
Dogecoin has its day: The âjokeâ cryptocurrency worth $60b
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Dogecoin, the digital currency advertised as the one âfavoured by Shiba Inus worldwide,â is having its day.
Fans of the cryptocurrency are touting April 20, long an unofficial holiday for marijuana devotees, as âDoge Dayâ and imploring each other to get its value up to $US1 ($1.30). That may not sound like much, particularly when compared against the $US50,000 or $US60,000 that a bitcoin is worth, depending on the day. But it would be an astonishing ascent from the roughly half of a cent that a Dogecoin was fetching at the start of the year.
Bitcoin to hit fresh highs - but standby for regulator-triggered price swings usprwire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usprwire.com Daily Mail and Mail on Sunday newspapers.