What Happened To Dogecoin After The Bitcoin Halving Four Years Ago?
Portfolio Pulse from Khyathi Dalal
Dogecoin (DOGE) experienced a significant price increase following the last Bitcoin Halving in May 2020, with a 7,185% surge since then. Despite initial declines post-Halving, Dogecoin's price jumped 40% from June to July 2020, and despite a slight dip afterwards, it reached an all-time high of $0.68 in May 2021. Dogecoin's market cap has grown from $300 million in January 2020 to its current $28 billion, making it the eighth-largest cryptocurrency. The article also highlights the role of social media in Dogecoin's popularity surge.
April 10, 2024 | 7:10 pm
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Dogecoin's value surged significantly after the last Bitcoin Halving, with a 7,185% increase since May 2020, reaching an all-time high of $0.68 in May 2021. Its market cap has grown to $28 billion, ranking it as the eighth-largest cryptocurrency.
The article details Dogecoin's significant price increase and market cap growth following the Bitcoin Halving event in 2020, highlighting its rise in popularity and value. The positive historical performance and increased market cap suggest a bullish outlook for Dogecoin in the short term, especially considering its strong community support and the influence of social media.
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