Look, we are all familiar with Dogecoin by now. It’s the crypto currency that was made jokingly at the start of the first bitcoin bubble in 2017 but has now become famous with it’s star studded support from the likes of Elon Musk. Well, all of that fanfare has created quite the fanbase which has caused the total amount of Dogecoin in circulation to be worth more than $37 billion, yes, that’s correct.
Over the past week Dogecoin has risen by more than 300% which now means that a single coin is worth 30cents. That’s quite the rise in such a short period of time! Let’s be serious here, most people are just meming this stock upwards and it’s no different to Gamestop or AMC a few months ago so we love to see it.
If the Dogecoin was to become the base currency on MARS once Elon manages to terraform it then my god the people who have invested now have played a blinder. I’m not saying you should go out and buy some by the way, that decision is on you.
If you ask me, do I like watching an asset rise to extraordinary levels because a load of 20 something year olds want to have a laugh? I would say yeah, I actually do. It’s great fun.