{"id":8170,"date":"2022-06-10T17:21:02","date_gmt":"2022-06-10T22:21:02","guid":{"rendered":"http:\/\/blog.jlbn.net\/?p=8170"},"modified":"2022-06-19T14:37:21","modified_gmt":"2022-06-19T19:37:21","slug":"dogecoin-price-returns-to-2017-peak-levels","status":"publish","type":"post","link":"http:\/\/blog.jlbn.net\/?p=8170","title":{"rendered":"Dogecoin Price Returns to 2017 Peak Levels"},"content":{"rendered":"\n<p>According to&nbsp;<a href=\"https:\/\/twitter.com\/davidgokhshtein\/status\/1534693027452801024\" target=\"_blank\" rel=\"noreferrer noopener\">David Gokhshtein<\/a>, CEO of Gokhshtein Media, Dogecoin seems to be journeying towards its 2017-2018 peak levels. At the time of publication, Dogecoin was trading marginally up at $0.08.<\/p>\n\n\n\n<p>Even though the meme cryptocurrency is down 89.17% from its all-time highs in 2021, a rundown of its price history might be necessary to get a grasp on\u00a0how the meme cryptocurrency has performed over the years.<\/p>\n\n\n\n<p>In 2013, Australian entrepreneur Jackson Palmer and software programmer Billy Markus invented Dogecoin as a &#8220;joke cryptocurrency.&#8221;<\/p>\n\n\n\n<h2>How it all started<\/h2>\n\n\n\n<p>Dogecoin&#8217;s first astounding price rally occurred in early March 2017, when the crypto market saw a significant increase in retail investment for the first time, causing alternative cryptocurrencies, otherwise referred to as altcoins, to rally significantly.<\/p>\n\n\n\n<p>The parody coin rose more than 1,890%&nbsp;within 70 days, climbing from initial levels of $0.00021 to $0.0042 on May 21. The market cap subsequently rose to $423 million. Shortly after, during a two-week market correction that hit all cryptocurrencies, Dogecoin fell 75%.<\/p>\n\n\n\n<p>In the first seven days of 2018, Dogecoin surpassed $0.02, a 380%&nbsp;increase over the previous peak. Its market capitalization jumped nearly four times to $1.6 billion at the time. However, this was only temporary, as the price plummeted by nearly 70% to $0.0047 in just eight days.<\/p>\n\n\n\n<p>Dogecoin fanfare took off in 2021, with high-profile celebrities such as Tesla CEO Elon Musk (&#8220;The Dogefather&#8221;), Mark Cuban&nbsp;and others all jumping on the DOGE bandwagon. Aside from a few brief periods, such as trading around $0.02 in 2018, DOGE&#8217;s price largely traded below the $0.01 price point for much of its existence.<\/p>\n\n\n\n<p>Fast forward to 2021, when Dogecoin rose to all-time highs of $0.74 in May and has declined nearly 90% since then. At the time of publication, Dogecoin was the 10th\u00a0largest cryptocurrency with a market valuation of $10.57 billion, per\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/coinmarketcap.com\/currencies\/dogecoin\/\" target=\"_blank\">CoinMarketCap<\/a>\u00a0data.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to&nbsp;David Gokhshtein, CEO of Gokhshtein Media, Dogecoin seems to be journeying towards its 2017-2018 peak levels. At the time<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3423,254,3421],"tags":[3426,888],"_links":{"self":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/8170"}],"collection":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8170"}],"version-history":[{"count":1,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/8170\/revisions"}],"predecessor-version":[{"id":8171,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/8170\/revisions\/8171"}],"wp:attachment":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8170"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}