Dogecoin Has Soared by 350% This Year. Will It Be a Better Buy Than Bitcoin in 2025?
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The total market capitalization of all cryptocurrencies in existence recently hit a new record high of $3.5 trillion, so it's safe to say the industry is having a spectacular year. Roughly $1.9 trillion of that market cap is attributable to Bitcoin (CRYPTO: BTC) alone. It's the undisputed leader of the cryptocurrency industry, and it has more than doubled in value this year. However, some of the more speculative -- and risky -- cryptocurrencies have performed even better in 2024.Dogecoin (CRYPTO: DOGE) is a novelty token that was created in 2013 as a joke. Nonetheless, it has delivered a whopping 350% return this year, so investors are laughing all the way to the bank. President-elect Donald Trump and his mega-supporter Elon Musk are responsible for a big chunk of that rally, and I'll explain why in a moment.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
Quelle: MotleyFool