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Technology Dogecoin Creator Billy Markus Says 'Stay Safe, Be Smart' as Crypto Hits Highest Price

12:31  16 april  2021
12:31  16 april  2021 Source:   newsweek.com

Dogecoin: One person holds 28 percent of the total stock - and thus a value of 2.1 billion.

 Dogecoin: One person holds 28 percent of the total stock - and thus a value of 2.1 billion. The largest Dogecoin shareholder in the world holds 28 percent of all coins, currently worth 2.1 billion US dollars . There is wild speculation about his identity. © mk1one / shutterstock Dogecoin: One person holds 28 percent of the total stock - and thus a value of 2.1 billion The fun currency Dogecoin , launched in 2013 as a parody of Bitcoin, currently has a market capitalization of almost seven billion dollars, exceeding the value of international corporations like Under Armor.

Dogecoin (DOGE) co-founder and creator Billy Markus has urged people to stay cautious when trading the cryptocurrency and warned of its volatility.

A visual representation of a Dogecoin token taken on January 29, 2021 in Katwijk, Netherlands. © Yuriko Nakao/Getty A visual representation of a Dogecoin token taken on January 29, 2021 in Katwijk, Netherlands.

The cryptocurrency has experienced a surge of attention in recent days and its value reached an all-time high of $0.25 on Thursday. Its 7-day price is up over 300 percent, and 80 percent in the last 24 hours. At the start of this year, DOGE was worth just $0.007.

Markus tweeted: "For real though guys keep some rationality when gambling on highly volatile assets like cryptocurrency.

Mark Cuban boasts Mavericks are largest Dogecoin merchant in the world

  Mark Cuban boasts Mavericks are largest Dogecoin merchant in the world Two days after the Dallas Mavericks announced they would begin accepting Dogecoin as payment for tickets and merchandise, it appears Mark Cuban has gotten his wish. Because we can, we have chosen to do so. We have chosen to do so because sometimes in business you have to do things that are fun, engaging and hopefully generate a lot of PR. So we will take Dogecoin, today, tomorrow and possibly forever more. For those of you who would like to learn more about Dogecoin we strongly encourage you to talk to your teenagers who are on TikTok and ask them about it.

"Euphoria is a helluva drug, but y'know, at least keep paying your bills and feeding your family and have a safe rainy day fund."

The cryptocurrency is widely regarded as a meme and was initially started as a joke—Markus told Newsweek last month that he'd built it in just a few hours.

Despite this, the cryptocurrency has climbed the ranks to become one of the top 10 most valuable cryptocurrencies in the world.

The value of all DOGE in circulation—also referred to as the coin's market cap—is currently $32.4 billion, making it eighth on price tracking site Coinmarketcap's crypto list. It was in tenth place only a couple of days ago.

On Thursday night, Markus tweeted: "Just so you know, guys, this is unusual."

Cryptocurrencies are widely regarded as a volatile asset, known for leaping to high prices and sinking quickly, too. Skeptics of the technology believe crypto is a bubble that will burst at some point.

We need to talk about my crazy new $600 crypto hardware wallet

  We need to talk about my crazy new $600 crypto hardware wallet Bitcoin and other cryptocurrencies are all the rage right now. The deafening buzz surrounding NFTs has caused ethereum to climb, Elon Musk's tweets seem to constantly send dogecoin soaring, and bitcoin is flirting with $60,000 yet again after having climbed to an all-time high above $61,500 earlier this month. Countless people have been introduced to crypto markets for the first time thanks to all the hype right now. Companies like Robinhood and Paypal are also jumping on the bandwagon, making it unbelievably simple for people to buy bitcoin and other popular cryptocurrencies in their apps.

The rise of DOGE in recent weeks has been attributed in part to high-profile support by public figures such as Tesla and SpaceX CEO Elon Musk and Kiss frontman Gene Simmons.

The coin also has an active community of followers on Twitter and Reddit, meaning large-scale movements to boost price are possible. Some observers have compared DOGE to GameStop—the retail stock that Reddit community WallStreetBets rallied from around $20 to a high of $480.

Yet, DOGE has a long way to go before it matches the price of more established cryptocurrencies such as Bitcoin. A single Bitcoin is currently worth more than $60,000, and its market cap is $1.15 trillion.

DOGE has no fundamental value. It is not tied to a particular asset or service, and has been described as a purely sentiment-driven asset. It's also not widely accepted as a form of payment in real-life retail outlets, though a handful of companies do take it.

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Elon Musk makes itself the "Dogefather" - Dogecoin jumped again clearly to .
Tesla boss Elon Musk again: With a Tweet, he brought the cryptocommunity to cheer and made a strong freight in the digital fun currency Dogecoin. © Provided by finanzen.net Hannelore Foerster / Getty Images • Elon Musk Tweetet again via Dogecoin • Dogecoin Prize is clearly at • Musk remains "Dogefather" of the digital coins billionaire Elon must be an explained fan of fun currency Dogecoin . He made a variety of times in recent weeks that the digital coin recorded strong price jumps. So again.

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