Will dog coin be valued? according to Crypto.com The rise in Shiba Inu digital currency this week showed that its total market value was close to $43 billion as of Friday afternoon, according to the report.

In the past week, the dog currency has risen 443%, making it one of the top ten digital currencies in the world. On Friday, the price of Dog Coin rose 186% to 33 cents. according to Crypto.com In the past 24 hours, Dog Coin transactions in all markets were worth $67 billion, according to the report. This is not far from the $84.3 billion bitcoin turnover in the same period.

In 2013, software engineers Billy Markus and Jackson Palmer launched dogcoin, aiming to become a faster but more "interesting" alternative to bitcoin. As CNBC reports, tokens sometimes experience high volatility, similar to other cryptocurrencies. Recently, driven by Elon Musk's whim, dogcoin has soared. He supports dogcoin and bitcoin inspired by Chaigou on twitter.

However, unlike bitcoin, Musk's Tesla (NASDAQ: tsla) does not accept dogcoin as a payment method. As the company's website states, "at present, Tesla only accepts bitcoin, not bitcoin branch products (such as bitcoin cash and bitcoin SV) or any other type of digital assets."

On the other hand, dogcoin is still considered a joke, and coinbase global (NASDAQ: coin) does not offer dogcoin trading. Coinbase global this week became the first large cryptocurrency exchange to go public. That's too bad for coinbase - this week, trading platforms that support dogcoin may be able to make some substantial profits from dogcoin trading.

(2021-4-17)