The price of dogecoin saw a massive price increase this week.
While many have been watching bitcoin this week, there has been another coin that has been significantly outperforming.
As bitcoin bulls were cheering bitcoin climbing about 8% over the past week, dogecoin bulls were cheering a 200% increase.
Yes, that's right, dogecoin is up 3X in the past week or so.
Check out the chart:
(Source: https://coinmarketcap.com/currencies/dogecoin/)
It went from about $.0025 to $.0067 in just a couple days.
Why the sudden price increase?
On Friday of last week it was reported that there may be a bridge between the dogecoin and ethereum blockchains.
More about that can be found here:
https://www.ccn.com/dogecoin-recovers-losses-rises-more-than-18-percent/
Something that dogecoin investors are clearly excited about.
Then, on top of that, yahoo.finance also announced that they would be making trading available for DOGE directly from their yahoo.finance platform.
DOGE would join bitcoin, ether, and litecoin as the only cryptocurrencies currently available for trade on the yahoo.finance iOS app.
Eventually they are also expected to be traded directly from the yahoo.finance webpage.
More about it can be found here:
From joke to contender:
If you recall, dogecoin was a fork for the litecoin blockchain several years back.
It was somewhat of a joke at first, playing on the doge meme mania that was sweeping the internet starting back in 2013.
(Source: https://tictail.com/dogedogedoge/3x-double-doge-with-it)
Since that time, dogecoin seems to be gaining some real traction as a coin with some potential real world use cases.
Especially among peer-to-peer tipping and micro transaction platforms.
I am a bit jealous that something that started out as a joke is catching on so quickly while steem continues to languish.
Stay informed my friends.
Image Source:
https://knowyourmeme.com/memes/doge
Follow me: @jrcornel
DOGE was the very first alt-coin I ever bought and I got it with free Bitcoin from a faucet :-D
I read something about that above. How many did you have at your peak?
It was a good week for doge. Good to see any coin doing well at the moment even if I don't have any at the moment. Steem will have its time too. It's still a brilliant blockchain and massively undervalued right now. Some day we will be looking at those massive gains and not just a pump.
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That would be nice. It has been a long time for steem.
Too long it feels like now. I can barely remember what it felt like to have $10sbd. They were good times.
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Steem was plagued with wallet issues, so people couldn't move either Steem or SBD to exchanges. Some people stopped posting on Steem because they wanted quick profits instead of hodling.
Not that I remember from it. I had no problem moving funds back and forth to the exchanges and picked up a few different alt coins at the time and more steem as well. I know that there was a pump on it but steem was pushing up that time as well as all the other coins.
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At least HitBTC has had Steem and SBD deposits disabled for months... When I tried moving Steem from HitBTC to Bittrex, I had to wait for a while because when HitBTC re-enabled withdrawals after several complaints to customer support, wallet on Bittrex was offline.
Ya there has been a massive issue with them for at least 6 months in the steem and sbd markets. I have never seen them active. All the main exchanges were working fine as far as I know.
The time I was talking about was this time last year when all the prices were on the move and there were big opportunities to trade. I used it to top up my sp which was pretty much non existent at the time.
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its incredible journey for dogecoin. from a troll to hero. hope dogecoin can go to the moon.
Never Underestimate Underdogs.
Especially when they are actually about a dog. :)
I think people loving #dogecoin that is why dogecoin doing stunning business.
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This Week Dogecoin price increase
I bought 4k dogecoins a while back but never had any faith in them untill the very moment I sold them because many people told me it was a bad buy and a shitty coin that was just a joke.
It was only 0.0025 usd per dogecoin at the time of buying so I dont have regrets. I wonder why yahoo would pick dogecoin of all coins to add to the yahoo financial page, to me it sounds like bull(I am far from an expert so I could be tottaly wrong).
Maybe it is fake news by yahoo to drive up the dogecoins in price before selling them for a profit and telling the world it was a misstake or it won't happen for any other number of reasons.
After the billion user hack a while back It cant be going good for yahoo and maybe this is their way to make a ton of money.
I think it has something to do with how easy it is to integrate the wallet, similar to litecoin. At least that is what I read thus far.
That is probably it, sounds very plausible anyways.
I was a DOGEcoin millionaire last summer! Sold it all back into BTC/LTC after a quick profit though.
You sold it before or after you were a millionaire?
No, like I had over a million DOGE :-D!!! Sold it WAYYYY too early since I was just swing trading it.
That is a bummer. I feel for you. I remember selling some coins in the Spring of 2017 only to watch them be 10X to 100X higher by January of 2018. Ugh.
Ooff that must be depressing after reading this article!
I always hoped this! Good news @Jrcornel. Saludos desde Venezuela.
Yeah...I sure wish I had more. Happy to be earning dogecoin for free though
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Nice. How are you earning them?
Watching Movie Reviews on EarnCrypto... https://www.earncrypto.com/earn-free-dogecoin/?r=94125
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how much do you earn from this?
About 20 Dogecoin a day so far....
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So, is that about $.10 at current prices? How long have you been doing this, how much were you able to accumulate?
Well... you can select to earn almost any crypto and I had it set to Steem for the past few months... so I have only earned around 1,000 Dogecoins
Every little bit helps though ...
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This is great. This will br my first time of hearing such coin so it it nice sharing this with me or rather us.
It's been around a while. It was a fork of litecoin way back when. Started as a joke, now it's actually being used.
I loved to buy some doge few months ago and recently sold and made some profit too . I was hopeful as I was informed by ADSactly and just waiting for some up ;) I will see how it goes and will buy again .
Nice. Are you saying Adsactly gave you the tip?
Yes. A few months ago, During the hangout, he was saying doge worth to buy and we can buy it. I love to join each hangout and lots of things to learn :)
Oh yes and "hot" tokens as well. Cant believe whats happening, but it is time to sell :)
Unless it keeps going up of course. Which perhaps it may, just might need to cool off a bit.
Low transaction fees and a stable value for a long time. The stable value part must now be discarded as one of the benefits of its use.
Those things could have been said about steem and SBD. Steem for speculation and influence on steemit.com and SBD for transactions as it was free on the blockchain and stable at $1 USD, plus 3 second blocks. Just need to peg it there now, somehow.
"There is the rub" as Shakespeare once wrote. What about pegging it to the dollar? Doge had been less volatile than the Steem dollar for some time. I am still not confident that Steem dollars will remain close to their pegged value. There are other stable coins but USDT is slow and expensive to use because it runs on Omni (bitcoin) and the others are Ethereum based. I think it makes sense to operate with more than one kind of dollar and then remove use of it dynamically if it drops to below 95 cents or goes above $1.05. I would hate to leave them on an exchange but if I do that though, I could trade them to real USD as the coins come in.
Really true
day by day
doge vryy growww ..
Kinda looks like a poem or a haiku.
You got nice house @ jcornel 👍💰😎
very pettey dog
Nice job
Wow! much price increase.
Cuate dog
Free Dogecoins + Best Dogecoin Investment Plans 2018 + Free DogeMiners 2018 (Withdrawal Proofs)
https://steemit.com/dogecoin/@leonyaniazi/best-dogecoin-investment-plans-2018-free-dogeminers-2018-withdrawal-proofs
way back my friend offer me 1000 free dogecoin. im too stupid not to take up the offer.
Doge will win the race hahah :D
I'm very happy to have Dogecoin as a fun meme joke coin, I have been exchanging some Doge for Steem. Powering up!
Nice.