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Dogecoin has been around since 2013, which initially started as a joke based on a meme featuring a Shiba Inu, making fun of the wild speculation in cryptocurrencies at the time. It oeprates on a proof-of-work algorithm based on Litecoin. Dogecoin has seen an explosive growth in 2021 when it reached over $100billion CAD in market cap on May 2021. This growth can be attirbuted to the crypto frenzy in 2021 coupled with support from Elon Musk, CEO of SpaceX and Tesla on the Twitter platform.
With Dogecoin in the spotlight and the metoric rise for a joke coin, Dogecoin can be credited for giving rise to other popular joke-like coins like SHIB, the Shiba Inu coin, and many other pump-and-dump coins.
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Shiba Inu Flips Dogecoin as it Enters Top 10 Hitting All-Time-Highs
WealthWithCrypto - Thursday Oct 28, 2021 03:06AM Shiba Inu token SHIB has hit an all-time-high today on October 28th erasing a zero digit as it hits CA$0.00010662, while the broader crypto market is down 4% With over 497trillion tokens in circulation, SHIB hit a market cap of CA$53billion With a ... Read MoreDisclaimer: Not Investment Advice
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