David Gokhshtein, founder and chairman of the crypto-focused media company Gokhshtein Media, discussed the price motion of Dogecoin ($DOGE) on January 22, 2023.
Initiated on December 6, 2013, Dogecoin ($DOGE) quickly become a popular meme-based cryptocurrency. Billy Markus and Jackson Palmer designed it. Dogecoin, named after its official mascot “Doge”, and is “a decentralized, peer-to-peer digital currency.”
It is presently the ninth most valuable cryptocurrency, with a market valuation of around $12.22 billion, mostly because of the backing of billionaires Elon Musk and Mark Cuban (the majority owner of the professional basketball club Dallas Mavericks and one of the “sharks” on the wildly popular reality program “Shark Tank”). As recently as 2019, Musk said that $DOGE was maybe his preferred cryptocurrency.
The influential figure in cryptocurrency informed his roughly 700,000 Twitter followers that “Doge is rising.”
Alex Valaitis, a founder of the Web3 consulting company W3T, discussed Dogecoin ($DOGE) on 20 November 2022. According to statistics from TradingView, the price of $DOGE rose from $0.0864 to $0.0935 at about 4:10 UTC on 22 January 2023, a gain of 8.21% (vs. USD) in around 70 minutes.
Disclaimer: The information provided in this article is for informational purposes only and should not be construed as financial or investment advice. Cryptocurrency investments are subject to market risks, and individuals should seek professional advice before making any investment decisions.