{"id":112914,"date":"2021-02-15T15:44:25","date_gmt":"2021-02-15T15:44:25","guid":{"rendered":"https:\/\/precoinnews.com\/?p=112914"},"modified":"2021-02-15T15:44:25","modified_gmt":"2021-02-15T15:44:25","slug":"dogecoin-price-tracker-track-dogecoins-latest-price-in-real-time","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/dogecoin-price-tracker-track-dogecoins-latest-price-in-real-time\/","title":{"rendered":"Dogecoin price tracker: Track dogecoin’s latest price in real time"},"content":{"rendered":"

Dogecoin: Expert discusses Elon Musk’s tweets<\/h3>\n

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Dogecoin has hit an all-time high this year when the meme cryptocurrency soared by more than 1,000 percent. After being conceived as a joke focused on a meme featuring a smiling Shiba Inu dog, the cryptocurrency has virtually flatlined. But all of that changed on January 28 when a Reddit-fuelled frenzy pumped ludicrous amounts of money into the cryptocurrency token.<\/p>\n

Interest in dogecoin was further fuelled by SpaceX and Tesla CEO Elon Musk endorsing the token in a series of tweets.<\/p>\n

The crypto even endorsed by rapper Snoop Dogg and Kiss bassist Gene Simmons.<\/p>\n

The South African billionaire went as far as to claim he had bought some DOGE for his ninth-month-old son, X Æ A-12, so that he too could be a “toddler hodler”.<\/p>\n

The term “hodl” is popularly used in the cryptocurrency circles to describe someone holding onto an asset rather than selling it.<\/p>\n

<\/p>\n

<\/p>\n

And yet, Mr Musk appears to have changed his tune, tweeting on February 14, the token was being held back by a lack of trading.<\/p>\n

He tweeted: “If major Dogecoin holders sell most of their coins, it will get my full support.<\/p>\n

“Too much concentration is the only real issue imo.”<\/p>\n

In a follow-up tweet, he said: “I will literally pay actual $ if they just void their accounts.”<\/p>\n

An analysis of digital wallets has recently revealed 25 percent of all dogecoin are held by just 19 wallets.<\/p>\n

And more than 36 billion of the 113 billion tokens that have been mined for far are being held by one person.<\/p>\n

<\/p>\n

<\/p>\n

Dogecoin price tracker: Track dogecoin’s latest price.<\/strong><\/h2>\n

You can track dogecoin’s volatile prices in the embedded tacker above, courtesy of Nomics.<\/p>\n

Nomics is a US-based cryptoasset company that tracks a wide variety of tokens, from bitcoin (BTC) and ethereum (ETH) to sushi (SUSHI) and filecoin (FIL).<\/p>\n

As of 2.37pm GMT on February 15, DOGE is trading for £0.046 ($0.063538), according to the latest Nomics data.<\/p>\n

The token is in the green, trading at an increase of 12.5 percent on the last 24 hours.<\/p>\n

Monday morning, however, saw some of the token’s lowest prices in weeks, with DOGE dropping as low as £0.036.<\/p>\n

DON’T MISS…<\/strong>
Dogecoin price: How many dogecoin are there? [EXPLAINED]<\/strong>
Dogecoin price: How to buy Dogecoin? [INSIGHT]<\/strong>
Dogecoin price: Will Dogecoin ever hit $1? [ANALYSIS]<\/strong><\/p>\n

Bitcoin sees price surge following Elon Musk endorsement<\/h3>\n

Dogecoin was created in 2013 as a joke by co-creators Jackson Palmer and Billy Markus.<\/p>\n

The virtual token launched on December 6, based on the bitcoin codebase and forked from litecoin.<\/p>\n

Unlike bitcoin, however, DOGE was created without a limit on how many tokens can be mined.<\/p>\n

BTC, for comparison, has a hardcoded supply limit of 21 million.<\/p>\n

Crypto analysts estimate miners will hit this limit by 2140, although the computer calculations needed to mine all blocks might make it very hard if not virtually impossible to reach.<\/p>\n

DOGE’s mining process is also slightly different to bitcoins.<\/p>\n

For each block that is broken down, 10,000 DOGE tokens are released as rewards.<\/p>\n

Mining difficulty is also adjusted after each consecutive block, unlike BTC, which adjusts every 2,016 blocks.<\/p>\n

DOGE transactions are also faster and cheaper than BTC – one minute compared to BTC’s 10 minutes.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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