Dogecoin, a cryptocurrency that began as a joke in 2013 and is based on a popular meme, has seen a more than 500% price surge over the past week, according to Friday data from CoinMarketCap.com.
The cryptocurrency‘s market value is currently listed at nearly $50 billion and is now a top-five cryptocurrency, CoinMarketCap data shows. Individual Dogecoins are worth $0.3671 per unit compared to Bitcoin’s $61,831.78.
Billy Markus, one of the co-founders of the joke cryptocurrency and who goes by the name “Shibetoshi Nakamoto” on Twitter, said Friday that he was able to “fully pay off” his mother’s “home equity loan” and thanked his followers. Read more…..
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