A cryptocurrency created as a parody is now worth more than $1 billion

Dogecoin, a cryptocurrency created as a parody after a popular internet meme, now has a market cap of more than $1.1 billion The rise of Dogecoin and other bitcoin descendants is due to the fact that they’re perceived as being “cheap” compared to bitcoin or ether, according to Dave Chapman from Octagon Strategy. One of the Dogecoin founders told a cryptocurrency news site that the token’s rise makes him worry about market excess. A cryptocurrency that was created as a parody and named after an internet meme now has a…

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