Dogecoin becomes second largest PoW cryptocurrency
Following the Ethereum Merge, Dogecoin now only trails Bitcoin as the biggest proof-of-work cryptocurrency. Meme-inspired cryptocurrency Dogecoin (DOGE) is now officially the second largest proof-of-work (PoW) crypto in terms of market cap, following the Ethereum network's proof-of-stake upgrade on Sept. 15. Bitcoin (BTC) of course remains miles ahead of Dogecoin’s market cap of $7.83 billion, though the well-followed memecoin is still comfortably ahead of the third place PoW cryptocurrency Ethereum Classic (ETC) (with a market cap of $4.69 billion), Litecoin (LTC) ($4.01 billion) and....
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Last February the crypto community was obsessed with a specific dogecoin address that happens to be the largest dogecoin holder today with over 36 billion DOGE. One armchair sleuth studied a number of onchain transactions and suspected the company Robinhood owned the wallet. Now the individual has researched the topic again and claims the latest findings help confirm the dogecoin wallet does belong to Robinhood. Alongside this, the person suspects Robinhood controls the third-largest bitcoin wallet as well. Onchain Research Suggests Robinhood Not Only Owns the Mysterious Doge Whale Wallet,....
Dogecoin has been the talk of the cryptocurrency town for months on end and in recent times, crypto enthusiasts have been discussing the largest holder in the Dogecoin economy. An address with 36.7 billion dogecoin has recently amassed 797 DOGE this week and 3,755 coins during the last month. Crypto speculators think this wallet is a massive whale, while others have assumed it’s Elon Musk or the trading platform Robinhood’s dogecoin cold storage. Random Whale, Elon Musk, or Robinhood? Why the Dogecoin DH5ya Address Is Still an Unsolved Mystery The cryptocurrency dogecoin has....
Data shows Dogecoin has now become the 8th largest crypto by market cap, after displacing Cardano from the spot. Dogecoin Market Cap Hits More Than $15 Million After The Price Surge The past week has been incredible for DOGE after what had been many months of lackluster sideways performance. At the time of writing, the […]
The struggle to stay in the top 10 has been getting harder for Dogecoin in recent times. This list which comprises the largest coins based on their market cap, has seen entrants come and go, but Dogecoin has managed to retain its position here for the longest time. That is until the bear market had […]
Dogecoin is making some noise now. When the Ethereum Merge finally concluded on September 15th, investors didn’t see the massive market shift they were anticipating. However, one significant outcome of this event was that meme-inspired cryptocurrency Dogecoin has now become the second-largest Proof-of-Work (PoW) consensus-based network, trailing only the Bitcoin network in terms of market […]