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Elon Musk and Doge

With a market capitalization of $7.3 billion, Dogecoin is now one of the most valuable cryptocurrencies.

Dogecoin also has a very aggressive production schedule. There were 100 billion coins by mid-2015, and about 5.2 billion new coins are being created each year. Initially, Dogecoin was mainly used for “thanking” others on the Internet for “positive acts,” such as an idea or a web-related service. But since 2013, interest has been slowly building up in DOGE. 

Despite potential volatility, investors’ risk appetite is strong in cryptocurrencies and we expect Dogecoin will see new highs sooner than later, 10c is very achievable this year and the long term Dogetoadollar hashtag looks to be right on the mark.

Elon Musk is a DOGE Fan no doubt, his influence early was dramatic but now it is not effecting the price as much, many rushed in expecting the Musk involvement to immediately take DOGE “to the moon” but it didn’t of course that’s not how things work, in the meantime many of those expecting it to fly to $1 are now selling, and that is good news for you.

SO now we have some selling pressure but plenty of buying, it looks exactly like what Musk wanted.

SpaceX and Tesla chief Elon Musk’s tweets have led to volatility in the price of cryptocurrency Dogecoin but the fact he is one of 3 Billionaires betting on Doge is enough to make it worth owning.

– Elon Musk @elonmusk – Mark Cuban @mcuban – Vlad Tenev @vladtenev are all Dogecoin fans.

Dogecoin – $DOGE [17]
???? Price [USD]: $0.0552
⚖️ H: $0.0574 | L: $0.0534
⚡️ Price [BTC]: 0.00000100 ₿
✨ Price [ETH]: 0.0000324 Ξ
???? 1h: -0.09%
???? 24h: -3.44%
???? 7d: -2.87%
???? Volume: $1,053,894,471
???? MarketCap: $7,101,552,265

Dogecoin is a cryptocurrency invented by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system that is instant, fun, and free from traditional banking fees. Dogecoin features the face of the Shiba Inu dog from the “Doge” meme as its logo and namesake.

S. Jack Heffernan Ph.Dhttps://www.knightsbridgelaw.com
S. Jack Heffernan Ph.D. Economist at Knightsbridge holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Crypto, Mining, Shipping, Technology and Financial Services.

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