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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
By: Anthony Garreffa | Cryptocurrency & Mining News | Posted: Jan 9, 2018 4:34 am

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.

 

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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".

 

 

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NEWS SOURCES:Coindesk.com, Cdn.vox-cdn.com

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