Puzzled by Dogecoin? The ABCs of a $90 Billion Joke: QuickTake
Dogecoin may not be the funniest joke of all time, but its probably the one with the largest market valuation. The digital token, previously famous as the first memecoin, approached $90 billion in early April as retail traders embraced high-risk (and meme-friendly) opportunities fueled by the pandemic eras exceptional economic stimulus. A year before, it had been worth $315 million, a figure that many at the time thought laughably high. No joke!
1. What is Dogecoin?
Dogecoin is an open source peer-to-peer…
