Dogecoin's $10 billion valuation now makes it bigger than these 11 well-known companies

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Even the founder of dogecoin, Billy Markus, can't make sense of the recent surge in the meme-inspired dogecoin he created as a joke in 2013.

Dogecoin differs from bitcoin in that there is no hard limit on the total supply of coins. Bitcoin has a fixed supply of about 21 million coins, of which not all have been mined yet. Dogecoin on the other hand has more than 100 billion coins outstanding, with 5 billion in new coins hitting the supply every year.

Even the founder of dogecoin, Billy Markus, can't make sense of the surge in the coin he started as a joke. Markus"The idea of dogecoin being worth 8 cents is the same as GameStop being worth $325, it doesn't make sense." Dogecoin's unlimited supply cap and the bewilderment of its founder hasn't stopped investors from piling into dogecoin, making it now more valuable than these 11 well-known companies.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Jqc520 InvestDogeCoin DogecoinChat ItsDogeCoin DogecoinRise Sigilis4

Doge coin rise Is theater for most. A win fall for some. But mostly, It is a example in herd induced mania.

michelledieck

But how exactly doge coin is useful? How many people bought anything with doge coin? It's just a highly inflated crypto currency

Well we better know Doge thats why Doge is worth more ...soon even more than the mooooooooon

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in CA

Canada Canada Latest News, Canada Canada Headlines