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Unlike rival cryptocurrencies such as ethereum, which let programmers build applications on their platform to do things like lend and borrow money, there isn't much anyone can do with dogecoin.
In a world where we are all connected by social media, these communities can be very powerful, and they take advantage of network effects.
Meanwhile, investors have flocked to coins with real use cases, such as those linked to decentralized finance and non-fungible tokens, like ether, solana and avalanche.
Compared to bitcoin, Cardano is an environmentally-friendly cryptocurrency that uses just six gigawatt hours of energy per year.
Description: A number of celebrities including, Calvin Broadus, otherwise known as Snoop Dogg, and Gene Simmons of the rock band Kiss joined Musk—as well as billionaire investor Mark Cuban—have been tweeting about investing in dogecoin.
Nothing more than a hint from Musk or a picture of his Shiba Inu dog could drive the dogecoin investors crazy.
By: Robin
+603reps
Dogecoin, at last check Sunday evening, was trading at 0.
By: Munniks
+476reps
All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.
By: Cassandry
+603reps
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned.
By: Obelia
+54reps
While this is bearish in the short-term, it would provide the market makers and the sidelined buyers an opportunity to fuel up their longs and head for a new all-time high.
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