Dogecoin spiked 400% in a week, fueling fears of a cryptocurrency bubble

CNBC Television published this video item, entitled “Dogecoin spiked 400% in a week, fueling fears of a cryptocurrency bubble” – below is their description.

Dogecoin spiked 400 percent in a week, fueling fears of a cryptocurrency bubble. The meme shows a Shiba Inu dog with Comic Sans font text. Dogecoin has a total market value of more than $40, according to market data by CoinGecko.

CNBC Television YouTube Channel

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About This Source - CNBC Television

CNBC is an American pay television business news channel, which primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.

As of February 2015, CNBC is available to approximately 93,623,000 pay television households (80.4% of households with television) in the United States.

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In This Story: Coingecko

CoinGecko provides a fundamental analysis of the digital currency market. In addition to tracking price, volume, and market capitalization, CoinGecko tracks community growth, open source code development, major events, and on-chain metrics.

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In This Story: Cryptocurrency

A cryptocurrency, crypto-currency, or crypto is a digital asset designed to work as a medium of exchange wherein individual coin ownership records are stored in a ledger existing in a form of a computerized database using strong cryptography to secure transaction records, to control the creation of additional coins, and to verify the transfer of coin ownership.

Bitcoin is the first decentralized cryptocurrency. Since the release of bitcoin, other cryptocurrencies have been created.

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In This Story: Dogecoin

Dogecoin is a cryptocurrency created by software engineers Billy Markus and Jackson Palmer, who decided to create a payment system as a joke, making fun of the wild speculation in cryptocurrencies at the time. Despite its satirical nature, some consider it a legitimate investment prospect.

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In This Story: Shiba Inu

Shiba Inu token is a decentralized cryptocurrency created in August 2020 by an anonymous person or group known as “Ryoshi”. Its current
market capitalisation is US$30.9 billion

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