Entertainment Krypto Hype Dogecoin: A wit currency makes Ernst

11:45  08 may  2021
11:45  08 may  2021 Source:   sueddeutsche.de

Dogecoin price skyrockets to an all-time high as Elon Musk drives DOGE frenzy with memes

  Dogecoin price skyrockets to an all-time high as Elon Musk drives DOGE frenzy with memes DOGECOIN prices have hit an all-time high amid a flurry of investing from memesters spurned on by SpaceX mogul Elon Musk. The "meme cryptocurrency" is now valued at a staggering £12.54billion ($17.24billion).Dogecoin has seen an unprecedented amount of high-profile support in recent months, with Mr Musk taking the charge.

a course plus of around 15,000 percent since the beginning of the year - this is extraordinary even for the booming crypto currency market.

Seit Monaten befeuert Musk den Dogecoin-Kurs mit wohlwollenden Tweets. © Susan Walsh / AP / DPA For months, Musk fueled the Dogecoin course with benevolent tweets.

Anyone who had set $ 1,000 in Dogecoins at the beginning of January, would have increased the money - at least on paper - after recent record courses to over $ 150,000. Can such a course explosion go well in the long run? What is hidden behind the hype?

The stunning rally is all the more amazing, as the digital currency existing since 2013 should actually be a joke. But driven by celebrities like Tesla boss Elon Musk, Rap-Mogul Snoop Dogg or Tech billionaire Mark Cuban became Dogecoins one of the hottest speculative objects on the financial market.

How high will dogecoin go? Experts pinpoint future for digital coin performance

  How high will dogecoin go? Experts pinpoint future for digital coin performance DOGECOIN cryptocurrency is currently on a rapid decline, dropping by 5.57 percent percent in the last 24 hours as of 7am GMT on Monday, April 26. Dogecoin has spiked in recent weeks stoking fears of a cryptocurrency bubble.But how high will dogecoin go? Express.co.uk speaks to an expert about future projections for the meme-inspired cryptocurrency.

Now the hype controls to a new highlight: In the night on Sunday, Musk will lead through the US Comedy Show Saturday Night Live (SNL). The star contractor has let you see that he could use the big stage for more Dogecoin advertising. This puts the crypto market in excitement all week.

For months, Musk fueled the Dogecoin course with benevolent tweets. Trailers of the currency love him for it. The Tesla boss is clearly aware of his role - his appearance at SNL he already applied to Twitter already in allusion to the legendary mafia film "The Godfather" ("the godfather") as "The Dogefather".

influential supporters like MUSK helped Dogecoins for the rapid rise. For years, hardly anyone knew the digital currency outside the Krypti scene. Now she has reached a market capitalization of around $ 80 billion dollars, which corresponds almost to the stock market value of the largest US carmaker General Motors.

Dogecoin: Meme Currency On New All-time High

 Dogecoin: Meme Currency On New All-time High Dogecoin has achieved a new record value. The meme currency has increased by 5,000 percent since the beginning of the year. © Shutterstock.com Dogecoin on a new all-time high. The Dogecoin course has experienced a significant increase in recent 24 hours. Currently, the crypto currency named after a popular Internet meme is traded for more than $ 0.5 dollars. This corresponds to an increase of almost 38 percent within one day.

Thanks to the latest altitude flight, which drove the course on Friday on a record high of more than 70 US cent, Dogecoin was most recently the most fourth-largest cryptacity measured on the market value. The whole thing was not serious initially. Jackson Palmer and Billy Markus, who started the project about seven years ago, made fun of a popular dog meme for a cyber motto on the internet.

, however, is the US financial market in a new era in which cheap brokers like Robinhood bring mass-friendly younger investors to the stock market over easy-to-use apps. Some of them organize themselves in online forums and offer highlights in the style of Flash Mobs shares or currencies - a well-known example of this was the price rally of the stumbling video player Gamestop.

This - often detached from fundamental data and created with trillion-heavy Corona crisis aid of the US government and the central bank - market environment is a breeding ground for speculative exuberance. There are correspondingly many warnings from excesses. Experts urgently advise not to put any money in Dogecoins or the like whose total loss would not be faster.

Jeff Bezos could ‘rocket' price of Dogecoin tomorrow in 24-hour 'surge'

  Jeff Bezos could ‘rocket' price of Dogecoin tomorrow in 24-hour 'surge' JEFF BEZOS could help "really rocket" the price of Dogecoin tomorrow if he shares his thoughts on the cryptocurrency online, a leading expert has told Express.co.uk.And Professor Carol Alexander, from the University of Sussex Business School, says a "huge surge" is on the way before Mr Musk appears on American TV show Saturday Night Live tomorrow.

critics see in Dogecoins or recent alternatives such as Safemoon tendencies of snowball systems. Even pronounced crypto advocates such as Grand Investor and Bitcoin Billionaire Mike Novogratz are skeptical. "I think it's dangerous, because if the enthusiasm will declare, it could go steep downhill," he said this week the US station CNBC. Several experts warn against a bubble.

But there are other voices. The tech billionaire and owners of the basketball team Dallas Mavericks, Mark Cuban, for example believes that Dogecoins have long-term potential. Unlike bitcoins, which are used more than asset memory than for payments due to their limited volume, Dogecoins are suitable as transaction funds. For example, Cuban wants to open the fan shop and ticket sales of the Mavericks for payments with Dogecoins.

Even if the Dogecoin should disappear so quickly again into the depths of the cryptovtogel, as he emerges from it, experts see a trend to more variety in the market. In the shadow of the most famous Cyber-motto Bitcoin, which was last somewhat under pressure, the second largest digital currency ether achieved record highs this week. According to the analysis company coowecko, Bitcoin has now only a share of around 46 percent of the total crypto market. At the beginning of the year, it was still 70 percent.

Krypto Evangelist Pompliano: Pizza for Bitcoin, but no Bitcoin for Pizza .
With the sale of pizza, Bitcoin evangelist Anthony Pompliano wants to promote the further development of crypto currencies. But the hot goods are ironently only against fiat money. © Kevin McGovern / Shutterstock Krypto Evangelist Pompliano: Pizza for Bitcoin, but no Bitcoin for Pizza Just in time for the upcoming bitcoin pizza-day, Krypto-Influencer and Angel Investor Anthony Pompliano has conjured up a new PR action from the hat.

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