HOW DOGECOIN CREATED 1000 MILLIONAIRES – HOW FAR ELON MUSK'S CRYPTO WILL GO

 

November 02, 2022 at 07:15 by 

                                          Hellmouth Banner

Whether we rejoice or only perceive the heartbreaking immaturity of the crypto sector, the cryptocurrency Dogecoin (DOGE) is experiencing spectacular growth, taking full advantage of the aura and the colossal striking power and  of influence from Twitter's newest owner, Elon Musk.  While the billionaire single-handedly managed (and without announcing anything official on the subject) to explode the value of Dogecoin by 120% in a few days, the explosive growth of the crypto-prank has benefited thousands of people.  investors, some suddenly becoming millionaires.

THE SHIBA AND US

Who still remembers that Dogecoin was launched as a schoolboy joke, from a fork of Litecoin, coded in 4 hours, just for lol in 2013?

8 years later, and thanks to a worldwide free communication campaign organized by the Twittos in chief Elon Musk, the capitalization of the Doge is currently approaching 20 billion dollars, after a meteoric growth spurt in recent years  days, now boasting the asset at 8th place in marketcap, hot on the heels of the stablecoin BUSD.

Take a good look at this number: dogecoin now weighs as much as Solana and Polygon combined.

Not bad for a "token-meme", a crypto asset whose only formal added value is to crystallize a strong community commitment around its astonishing charisma of laughing Shiba.

Funny detail by the way, the "genesis" Shiba is called Kabosu and is celebrating its 17th birthday today, we kiss it on the nose.

But for some, this is now all very serious.  Indeed, many Dogecoin investors have recently seen the value of their portfolio explode.  A phenomenon all the more remarkable as it occurs in the midst of lean times on the crypto markets.

There are thus more than 1000 people who, in recent days, are now part of the club of “Dogecoin Millionaires”.

 >> Come have a taste of Dogecoin by registering on Binance, the leading player in the sector (commercial link) <<

SLUMDOGE MILLIONAIRE

Beforehand, we will of course remember that 1 portfolio is not necessarily equal to 1 individual.  Indeed, a single person can perfectly well have several wallets, immediately distorting any attempt to accurately map the true distribution of an asset.

However, consulting the latest data on Dogecoin shows us the extent of the increase in the total value (in dollars) of dogecoin holders.

This table shows us that more than 1020 wallets contain more than one million dollars in DOGE (including 160 which are even beyond 10 million).

It should be noted in passing that in the land of plenty of fictitious decentralization, 10 addresses hold more than 50% of the supply (and the value of Dogecoin), the best-stocked address alone concentrating 28% of all dogecoins  ($5.3 billion).  All in a world where people worry about Satoshi Nakamoto's lost bitcoins.

Surprise (not really), this mega-whale is none other than the wallet of the Robinhood platform which must have recently become particularly Musk-maximalist

And you?  are you a dogecoin holder and maybe even a new millionaire?  If so, remember to secure your profits.  Indeed, even the most mischievous Shiba Inu will end up going back to the basket at some point.  Otherwise, it may be time to discover Dogecoin, and its little comrades, by going to create an account on Binance, the benchmark Bitcoin and crypto exchange (commercial link).


FOR Additional

Uniswap: 98% of tokens are floor covering pulls

  •  Bitcoin: the new envoy of El Salvador in Lugano (Switzerland)
  •  100 percent in multi month for Dogecoin, Elon Musk's crypto shows its teeth
  •  Your DOGE against an exceptionally extraordinary fragrance: It smells like consumed for Elon Musk
  •  Dogecoin and Zcash soon in Verification of Stake? The assessment of Vitalik Buterin
  •  LibDogecoin: another apparatus to carry engineers to DogeCoin
  •  Amidst a Twitter takeover, Elon Musk and the maker of Dogecoin are destroyed
  •  Bitcoin on The planet and DOGE on the Moon - Elon Musk Places Canine Digital currency in Circle

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