In 2017, cryptocurrencies continuously reached new heights of value, with Bitcoin gaining so much popularity that it is now traded on the market. We're in 2018 now, and it looks like cryptocurrencies aren't going anywhere anytime soon. It also looks like people will almost certainly invest in anything that has the word "cryptocurrency" or "blockchain" attached to it.
Dogecoin was created as a parody, now it is worth more than 1 billion dollars | CNBC
Example: Dogecoin. The cryptocurrency, based on the popular meme of a Shiba Inu dog, has now reached a market valuation of $1 billion.
If that surprises you, it's nothing compared to how much it surprised the man behind the cryptocurrency. Jackson Palmer, in a statement to Coindesk, said: "It says a lot about the state of the cryptocurrency space in general that a currency with a dog on it that hasn't released a software update in over 2 years has a $1 billion+ market cap."
Dogecoin has been growing like crazy, increasing 400% in value in the last month. However, the price of a single dogecoin is still only 1 cent.
