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Dogecoin prices rises +800% in two weeks

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Re: Dogecoin prices rises +800% in two weeks

#2

Post by rjbwork »

And it's currently falling. Market cap has lost about 6 million since peak. A shame, but there were/are some absurd "price floors" at 180 and 183 satoshi that were causing other people to put buy orders in at artificially higher prices due to needing to be able to actually buy doge.

There has also been a huge influx of miners and difficulty has shot up drastically this week, indicating higher demand. So we have 2 forces driving prices up, but some of these miners seem to be stepping back since hash difficulty has increased drastically as well, and it is no longer as rewarding, though still the most profitable crytpocurrency to mine currently.

Re: Dogecoin prices rises +800% in two weeks

#4

Post by verroq »

rjbwork wrote: post #2

And it's currently falling. Market cap has lost about 6 million since peak. A shame, but there were/are some absurd "price floors" at 180 and 183 satoshi that were causing other people to put buy orders in at artificially higher prices due to needing to be able to actually buy doge. There has also been a huge influx of miners and difficulty has shot up drastically this week, indicating higher demand. So we have 2 for…

It has already overtaken Namecoin in market capitalisation.

Re: Dogecoin prices rises +800% in two weeks

#5

Post by rjbwork »

verroq wrote: post #4
rjbwork wrote: post #2

And it's currently falling. Market cap has lost about 6 million since peak. A shame, but there were/are some absurd "price floors" at 180 and 183 satoshi that were causing other people to put buy orders in at artificially higher prices due to needing to be able to actually buy doge. There has also been a huge influx of miners and difficulty has shot up drastically this week, indicating higher demand. So we have 2 for…

It has already overtaken Namecoin in market capitalisation.

Yes, but it has fallen since peak. Don't get me wrong, I'm a huge fan of dogecoin and have a few hundred dollars worth. I'm just pointing out that value had a local peak overnight and is currently in flux after quite a long climb, then a drastic hockey stick over the past 2 days.

Re: Dogecoin prices rises +800% in two weeks

#6

Post by george88b »

GuiA wrote: post #3

To the moon my HN friends! Post your wallet addresses, I'll send you some dogecoins in the morning to get your collection started! You can download a graphical client from http://dogecoin.com/

I would love much Doge please! DJz3tM8twF1zrupZFcaPBz6bufeMUjoZcP

Re: Dogecoin prices rises +800% in two weeks

#7

Post by personjerry »

GuiA wrote: post #3

To the moon my HN friends! Post your wallet addresses, I'll send you some dogecoins in the morning to get your collection started! You can download a graphical client from http://dogecoin.com/

DCDZgRvJiPshkcsCevePu2aH19P6sGAPzV

Such generosity. Much thanks. Wow.

Re: Dogecoin prices rises +800% in two weeks

#9

Post by Sae5waip »

GuiA wrote: post #3

To the moon my HN friends! Post your wallet addresses, I'll send you some dogecoins in the morning to get your collection started! You can download a graphical client from http://dogecoin.com/

D6NgzgWK6H8dCeyck3zcLAp4d75KVBXrkR

(I do wonder why you can afford to just give away coins. Many thanks, though.)

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