The Rise of Dogecoin Integration into Twitter: What It Means for Cryptocurrency
Bloomberg Senior Commodities Strategist Mike McGlone said that the bull market for Bitcoin is not over and BTC could reach $ 70,000 in the near future.
An entrepreneur from Australia, Jackson Palmer, is amazed that, invented in joke in 2013, the Dogecoin (DOGE) cryptocurrency at the peak at the end of December reached a capitalization of $ 2 billion and attracted dozens, maybe hundreds of thousands of new users, to cryptocurrencies. At the time of publication, the capitalization of DOGE is about 1.3 billion dollars. In 2013, Jackson Palmer created the Dogecoin - fork of Litecoin with a higher emission and a short block - and named it after the Chinese breed of shiba-inu. For a nice image, users nicknamed the coin a baby money. Therefore, the Australian wanted to show the absurdity of huge investments in unstable assets during the 2013 cryptocurrency boom.