The Puppy Awakens: Dogecoin Value Doubles in 4 Days
Dogecoin (DOGE) continues to soar, gaining another 21% today after a brief pause. It has now skyrocketed by 98% in the last 4 days, and 129% since its plateau 1 week ago. It now stands at 0.79 μBTC (0.073¢) on Cryptsy. This represents a strong recovery after a week earlier.
Volume was especially heavy, standing at 4753 BTC on Cryptsy, equivalent to $4.4M. The volume in BTC was more than 10x as much as BTC's next greatest digital trading partner, LTC, whose volume was only 411 BTC. The size of Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term denominated is even more impressive when taking into account the sub 10 cents value per dogecoin. The volume is worth watching as it is most likely to lead to additional exchanges listing dogecoin. As a top performer for Cryptsy, the financial benefits of offering dogecoin trading may be enough on its own to attract additional exchanges. In terms of specific exchanges, after Chinese exchange, BTC-38 added today it led to a spike higher in that digital currency's prices. A similar addition of dogecoins at BTC-38 would be expected to also trigger a surge in demand and higher prices.
The cryptocurrency has become increasingly popular of late, as into currencies like Catcoin and Coinye have waned and Dogecoin has proven the most promising amongst speculators. Its value has likely benefited from greater publicity, a catchy theme amongst the cryptocurrency community and a strong backing from its founders and community. It also comes in one of the smallest denominations amongst Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, thereby providing a psychologically pleasing entry point for speculators looking to jump in "while the value is low".
Dogecoin currently has a market cap of $19.3M, now ranking 9th in market cap among digital currencies.
Dogecoin (DOGE) continues to soar, gaining another 21% today after a brief pause. It has now skyrocketed by 98% in the last 4 days, and 129% since its plateau 1 week ago. It now stands at 0.79 μBTC (0.073¢) on Cryptsy. This represents a strong recovery after a week earlier.
Volume was especially heavy, standing at 4753 BTC on Cryptsy, equivalent to $4.4M. The volume in BTC was more than 10x as much as BTC's next greatest digital trading partner, LTC, whose volume was only 411 BTC. The size of Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term denominated is even more impressive when taking into account the sub 10 cents value per dogecoin. The volume is worth watching as it is most likely to lead to additional exchanges listing dogecoin. As a top performer for Cryptsy, the financial benefits of offering dogecoin trading may be enough on its own to attract additional exchanges. In terms of specific exchanges, after Chinese exchange, BTC-38 added today it led to a spike higher in that digital currency's prices. A similar addition of dogecoins at BTC-38 would be expected to also trigger a surge in demand and higher prices.
The cryptocurrency has become increasingly popular of late, as into currencies like Catcoin and Coinye have waned and Dogecoin has proven the most promising amongst speculators. Its value has likely benefited from greater publicity, a catchy theme amongst the cryptocurrency community and a strong backing from its founders and community. It also comes in one of the smallest denominations amongst Cryptocurrencies Cryptocurrencies By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw By using cryptography, virtual currencies, known as cryptocurrencies, are nearly counterfeit-proof digital currencies that are built on blockchain technology. Comprised of decentralized networks, blockchain technology is not overseen by a central authority.Therefore, cryptocurrencies function in a decentralized nature which theoretically makes them immune to government interference. The term, cryptocurrency derives from the origin of the encryption techniques that are employed to secure the netw Read this Term, thereby providing a psychologically pleasing entry point for speculators looking to jump in "while the value is low".
Dogecoin currently has a market cap of $19.3M, now ranking 9th in market cap among digital currencies.