As the hype around the news mount, approximately $1.7 billion has been pumped into Dogecoin’s market capitalization in an extremely short period of time pushing the meme coin’s market cap to reach $12.76 billion, the highest figure since December 2022.
It is a Proof of Work coin and belong to a list of oldest cryptocurrencies but still successfully stays in a list of top altcoins.
I feel safer with Dogecoin and smart-contract top altcoins that can be hacked, exploited and lost their token values very quickly. If people felt fine when Dogecoin was traded about $0.7, they would feel super fine when it is only trading around $0.1 now. They would smell less risk at current price than with a top price of Dogecoin in the last bull run.