Wow! Dogecoin Investment Continues To Skyrocket Up To 300 Percent

JAKARTA - Dogecoin is a cryptocurrency created by two programmers named Jackson Palmer and Billy Markus. The currency that was originally made a joke is booming.

Unexpectedly, the coin with the dog symbol has entered into the 10 most valuable crypto assets, with a market capital or market capitalization of 34 billion US dollars. This figure, if converted into Rupiah, amounts to IDR 493 trillion.

The cryptocurrency with the Shiba Inu dog logo was created in 2013 with the aim of becoming a “fun” competitor to bitcoin. Even though this goal is just a joke or a joke, the fact is that Dogecoin has recently experienced a huge increase.

The emergence of influential people such as Elon Musk, Snoop Dog, Mark Cuban, Mia Khalifa and others are popular figures who support Dogecoin.

Currently Dogecoin is surprising various parties, both market analysts and crypto investors who are rich with a market capitalization value of 34 billion US dollars as revealed by CoinGecko.

The skyrocketing price of DOGE was driven by the bustle of the Reddit r / SatoshiStreetBets group which had the goal of increasing the price of Dogecoin and other crypto coins. This week alone the price of DOGE has skyrocketed by 300 percent.

It's inevitable pic.twitter.com/eBKnQm6QyF

- Elon Musk (@elonmusk) July 18, 2020

Because of the skyrocketing price of Dogecoin, a number of "new riches" have sprung up. One of them is a Reddit user who uploaded a photo of his Dogecoin ownership in the investment application Robinhood.

"Hi friends, I just became a millionaire from Dogecoin," wrote the Reddit user.

Launching CNBC International, on Friday April 16, the photo also shows an astonishing amount of balance in his account of 1.08 million US dollars.