Dogecoin Has a Top Dog Worth $2.1 Billion
Saturday February 20, 2021. 08:00 AM , from Slashdot
Things have changed this year. Dogecoin surged in popularity after business and pop-culture icons including Tesla's Chief Executive Officer Elon Musk, rapper Soulja Boy and 'Malcolm in the Middle' star Frankie Muniz began promoting it online. It isn't clear what caught their attention. Dogecoin's price has climbed over 900% this year to 5 cents apiece, according to CoinDesk. That makes the market worth about $6.9 billion, and puts its largest owner's holdings at roughly $2.1 billion. Like bitcoin, dogecoin is created by a process known as mining: people solve complex mathematical puzzles using computers to unlock new coins. It is nearly impossible to identify the holder due to the anonymity offered by cryptocurrencies.
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