Its creators emphasize that the Doge Yellow Coin is “the fastest growing cryptocurrency of its kind“, which is” completely decentralized “and whose mission is to bring this class of assets to ordinary people, and” at the same time help save needy dogs. “In addition, its creators claim that Dogey was created by the Dogecoin community, but with much faster mining speed and cheaper transaction fees, Dogey mimics a few things about Dogecoin, such as transaction speed.
Data from CoinMarketCap indicates that Dogey began trading on that platform at the beginning of last week and is currently worth $ 0.000028 per unit, with a “fully diluted” market capitalization of approximately $ 2.8 million. Dollars.
The moment of cryptocurrencies meme
A few weeks ago, Shiba Inu (SHIB) had a meteoric rise in recent months, eventually surpassing Dogecoin (DOGE) in ninth place on the list of largest cryptocurrencies by market capitalization. However, the DOGE ambassadors reappeared and put it back in its place below 10th place. The SHIB community pushed the token to surpass DOGE, and its fans fought back. Elon Musk, CEO of Tesla and investor in the coin, reactivated his enthusiasm after several months in silence and pushed its price higher.
While many investors and fans of both cryptocurrencies “compete” for which is bigger in the market, the vast majority celebrate the rise and success of both.