In accounting for Dogecoin’s phenomenal rise, Mike Novogratz, the CEO of Galaxy Digital, said it’s a middle finger to the system. He added that many people, Millennials and Gen Z, have turned to it because they are unhappy with the current financial system.
The market cap of Dogecoin is now $75 billion, which is more than many well-known firms that are titans in their respective industries, including Dell, Capital One, and Nintendo. As a project with no active development, or definitive purpose, does Dogecoin’s success call into question the validity of cryptocurrency as a whole?
Dogecoin As The People’s Crypto
Dogecoin’s unreal growth is drawing serious attention. It turns out, investing stimulus money, totaling $3,200, into DOGE at the time of payment would have returned over half a million dollars.
This astonishing performance has propelled Dogecoin into the fourth spot on CoinMarketCap. What’s more, Binance Coin