Crypto News | Dogecoin hit market value of $1.17 billion

If we take a look at the market of cryptocurrencies, it’s very easy to notice that there are new cryptocurrencies emerging every day. Cryptocurrencies have become recognized by financial institutions and they are becoming more and more popular on a daily basis. In today’s news article, we’ll present a cryptocurrency that was created as a parody, but now has reached quite a big market value. The name of this cryptocurrency is dogecoin. On Friday, Dogecoin hit market value of $1.17 billion, reaching its all-time high. It’s traded at $0.010360 per token and only last month it rose more than 400 percent. Dogecoin was created in 2013 and it was designed as virtual token that allow people to easily send money online. If you’re entering the game with cryptocurrencies that have been emerging in the last couple of months, you won’t be the only one. There are many traders investing in dogecoin or ripple because big cryptocurrencies, such as bitcoin and ethereum, can cost too much for new entrants. In other words, people feel better if they have 2,000 units of ripple than half of a bitcoin.

As already said, dogecoin hit market value of $1.17 billion, but ripple reached new high, as well. On January 4, ripple hit a new all-time high of $3.317 per unit and it now has a market cap of $137 billion.

As for the other news, the yuan won against dollar on Friday. It’s yuan’s fourth consecutive week of gains and most of the experts agrees that it has to do with China’s economic data, tighter liquidity and expectations of more foreign capital inflows. Oil prices fell on Friday, however. which might be linked with political tensions in OPEC-member Iran.

Author's overall rating:
Author: Max Rothstein

RISK DISCLAIMER has taken reasonable measures to ensure the accuracy of the information in the website, however, does not guarantee it. The data exhibited in this website is not necessarily always real-time or completely accurate; this includes market analysis, forecasts, signals, assets’ price quotes and charts. Readers should not treat any opinion expressed by the authors of as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of their current opinion. The risks involved in trading binary options are high and may not be suitable for all traders. doesn't retain responsibility for any losses readers might face as a result of using the information presented in this website. This website is owned by Next Media Corp.
In accordance with FTC guidelines, has financial relationships with some of the products and services mentioned on this website. may be compensated if consumers choose to click links in our content and ultimately sign up for mentioned products.
Binary options are not promoted or sold to retail EEA traders. If you are not a professional client, please leave this page.