Dogecoin Among Top 10 Cryptocurrencies Bought by Whales: Here’s What Jim Cramer Has to Say About Its Future – Runway Rental (NASDAQ:RENT)
Many whales are starting to get interested Dogecoin DOGE/USD Over the past week, according to data released by the portfolio tracker Whalewhich keeps track of the keepers on binance BNB / USD Series.
According to a popular Twitter handle that posts updates about whale activities, due to the large number of wallet owners now supporting Doge, the meme coin has increased by two measures.
Whale open Dogecoin was in the list of the top 10 cryptocurrencies with the most active trading.
It was currently among the most active whale-buying coins.
Likewise, another meme coin Fluky Ino Fluky/dollars It was also among the most traded currencies by volume.
Meanwhile, the top 100 largest whales in the BNB chain hold $7,355,656 worth of the native cryptocurrency the dogs.
It was created in 2013 by programmers Billy Marcus And the Jackson Palmer As a way to poke fun at the proliferation of altcoins, Dogecoin is a peer-to-peer decentralized digital currency that allows users to send and receive payments online.
Also read: Analysis: Will Binance give in to crypto market fears?
The Dogecoin name and trademark was based on the “Doge” internet meme, which featured a Shiba Inu dog and Comic Sans text.
Despite its humble beginnings, Dogecoin has gained a dedicated following and has become a legitimate investment choice for many people. In fact, the value of Dogecoin has increased exponentially over the past year, reaching a market capitalization of over $10 billion at one time.
One of the main reasons for the rise in popularity of Dogecoin was the support it received from celebrities and public figures.
for example, Tesla TSLA Executive Director Elon Musk He has tweeted about Dogecoin on several occasions, driving up its value.
similarly, Mark Cubanowner Dallas Mavericksalso expressed support for Dogecoin and also allowed fans to purchase tickets to Mavericks games using the cryptocurrency.
Dogecoin has gained popularity as a way to show support for charitable causes.
In 2013, the Dogecoin community raised over $30,000 in Dogecoin to fund the Jamaican bobsleigh team’s trip to the Winter Olympics.
Recently, the Dogecoin community raised over $50,000 in Dogecoin to fund a clean water project in a Kenyan village.
Jim Cramer Describes Dogecoin and Other Altcoins A Con
During his most recent appearance on CNBC’s “Squawk Box,” he was named by CNBC Jim Cramer Dogecoin is referred to as “no scam”.
“The whole thing seems so limitless that I don’t know how to make sense of it,” he said.
Distinguish ripple XRP / USDAnd Dogecoin and Solana sol / dollars as “cons”.
Cramer, host of CNBC’s Mad Money, has been of the opinion that CNBC should not monitor fluctuations in cryptocurrency prices, wondering why fiat stocks don’t get the same consideration as virtual assets.
“If we think XRP is something we should track… well… we should also list it Runway rental Leasing And the stitch repair SFIX There is, too.”
Earlier this week, Cramer predicted some well-known cryptocurrencies, such as XRP and Cardano ADA/dollars It may hang to zero.
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