Dogecoin starts as a joke, now has $1.8 billion market cap

Dogecoin has surged by 400% in the last month, now commands a $1.8 billion market cap.

Published Mon, Jan 8 2018 10:34 PM CST   |   Updated Tue, Nov 3 2020 11:53 AM CST

Most people know that Dogecoin started off as a joke, with the parody coin named after the internet meme from a few years ago that featured a Shiba Inu Dog, and has gone ballistic ever since.

Dogecoin starts as a joke, now has $1.8 billion market cap |

Dogecoin is now worth $0.01 and while it sounds like nothing, remember that Dogecoin flat lined for years at $0.0001, so the rise to $0.1 is actually significant. Big enough to drive the market cap of Dogecoin to $1.8 billion, which is crazy as this started off as a joke and a lot of people are making serious bank from it.

The founder of Dogecoin, Jackson Palmer, has talked about the recent price rise by saying: "I have a lot of faith in the Dogecoin Core development team to keep the software stable and secure, but I think it says a lot about the state of the cryptocurrency space in general that a currency with a dog on it which hasn't released a software update in over 2 years has a $1B+ market cap".

More Crypto News/Content:

Ripple (XRP) sets a new all-time record price of $3.17

Ethereum closes in on $1000, momentum isn't stopping

Ethereum reaches new record all-time high price of $870

Ripple (XRP) value blows up, bypasses Ethereum's market cap

Crypto expert kidnapped, had to pay $1 million BTC ransom

UnikoinGold is now available on Bittrex

Bitcoin could be worth $0, according to Morgan Stanley

Facebook Messenger malware mines Monero on users' PCs

Using 'blockchain' in new name, company shares rise 500%

MiningSky 8-GPU Mining Rig V1 Review

French dominatrix pimps clients out in 'Crypto Slave Farm'

North Korea hijacking cryptocurrency industry workers

Analyst: Bitcoin on its way to $400,000 - will happen soon

You can now mine cryptocurrency with your BODY

Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

Newsletter Subscription

Related Tags

Newsletter Subscription
Latest News
View More News
Latest Reviews
View More Reviews
Latest Articles
View More Articles