Is dogecoin a good investment?
Cost of dogecoin
Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. We may receive financial compensation from these third parties. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. Dogecoin Price Live Data In early 2022, Ethereum co-founder Vitalik Buterin confirmed that he was helping Dogecoin migrate from the current proof of work (PoW) to proof of stake (PoS) crypto consensus mechanism in a bid to lower its energy consumption and increase transaction speeds.
3. Most Dogecoins are in the Hands of a Few
Whats the price of dogecoin
Influencer marketing can be a dangerous double-edged sword. It’s known that 80% of consumers are more likely to purchase something if a renowned individual promotes or talks about the product. This, of course, led to some controversial takes that Musk was pumping DOGE to his benefit. In mid-2022, a group of investors sued Musk, stating that he and his companies were deliberately inflating the price of DOGE. The lawsuit expanded in September, now being sued for $258 billion in damages. Basic Attention The price of Dogecoin stock was volatile, but overall according to its chart, it surged in value and at some point, reached a market cap of over USD 1 billion. In terms of its distribution, initially, 100 billion coins were mined by mid-2015. Dogecoin currently has a turnover of over 118 billion.
Best crypto wallet