Under Maintenance

We deeply apologize for interrupting your reading but Vendetta is currently undergoing some important maintenance! You may experience some layout shifts, slow loading times and dififculties in navigating.

Dogecoin, The Next Bitcoin? How the Joke turned into a Real Investment

Dogecoin price on the rise
The actual coin investors are buying.

Dogecoin, like most cryptocurrency is scary to some, and while it is relatively new, has gained insane popularity in the last five to seven years. Dogecoin was founded in 2013 by Billy Markus and Jackson Palmer, two former software engineers. The goal was to create a new way to send money from one person to another.

Dogecoin started as a joke between the two, was named and “branded” as a meme, using the popular internet dog image. It now holds a market cap over 4 billion US dollars.

Reddit, the social media platform has been all over the news the past week, it quite literally sent the entire finance world into a frenzy. It caused Robinhood, the popular brokerage app to halt trades on certain stocks.

After the suits at Robinhood stopped allowing their customers to buy the stocks they wanted, the community quickly turned on the app. Trader’s turned their energy into finding a new way to make money in the volatile market. They settled on Dogecoin, now it is taking off like crazy.

Elon Musk, founder of Tesla, who just happens to be the richest man in the world, tweeted about Dogecoin in July. Joking that the crypto would take over the global financial system

Dogecoin has experienced an increase in trading volume of over 11,000% according to CoinMarketCap. The price of the crypto has increased 716% in the past 24 hours, making the investors A LOT of money.

The trading volume is no coincidence, with Musk and other influencers like Corinna Kopf, FaZe Banks, and Barstool Big Cat all tweeting about the stock regularly over the last 24 plus hours.

Robinhood stopped allowing trades on Dogecoin Thursday evening, claiming they are protecting their customers from the uncertainties of the cryptocurrency.

Check out Anthony Fontanello’s Emergency Press Conference on the Robinhood situation.

TL//DR: Dogecoin is making investors rich, the meme coin has turned Average Joes into millionaires.

Share Adam Krieger post!

Table Of Contents

Recent Posts

Kelly McCrimmon

Kelly McCrimmon Calls Out Liars In Sports Media

Kelly McCrimmon Calls Out Liars In Sports Media The theme keeps appearing. Except this time, someone who is actually in charge of running one of these teams had the stones…

Read More
Brent Burns

Avalanche Sign Brent Burns

Avalanche Sign Brent Burns The bearded riverboat gambler isn’t done yet. Despite being 40-years-old, Brent Burns is still kicking and is gearing up to play another NHL Season. Except this…

Read More
Kaedan Korczak

Kaedan Korczak Inks Four-Year Extension With Golden Knights

Kaedan Korczak Inks Four-Year Extension With Golden Knights The Golden Knights just keep winning. And no… they’re not done. Did you have a Kaedan Korczak extension on your bingo card? If…

Read More

Categories

Close Window

23891 Posts Found

Please hold while we search for your results.