Dogecoin Is BACK After 9 Years: Here’s How Much Money It Made
The Short Version
Dogecoin is notoriously known as the “joke” cryptocurrency, but it seems like this week, the cryptocurrency got the last laugh. After being inactive for nearly 9 years, Doge coin’s wallet mysteriously burst back to life, showing a revenue of $1.4 Million — what. a. surprise!
The Not-So-Funny Backstory
For the most part, Dogecoin has been a funny enigma in the crypto sphere. First launched in 2013, it was designed to be a lighthearted, meme-friendly alternative to more serious cryptos, like Bitcoin. Though there have been a few spurts of activity, like back in 2018 when it was used to sponsor an Nascar car, the cryptocurrency has generally been pretty quiet.
That was, until this week.
DogeCoin’s Unexpected Wins
On Tuesday, Dogecoin’s wallet surprisingly re-emerged after being dormant for almost 9 years — surprising everyone. What’s even more surprising (and ah-mazing) is that the wallet was miraculously filled to the brim with more than 118 Billion Dogecoins and a revenue of 1.4 Million!
Yes, you heard that right. 1.4 MILLION!
The Aftermath
The recent Dogecoin revival has put a huge spotlight on the joke-y cryptocurrency and has made quite the uproar in the crypto community. People everywhere are wondering if it’s time to invest.
Here are a few of the most common questions:
• How did all this Dogecoin end up in the wallet?
The truth is, no one really knows. Experts say that, since the wallet was inactive for so long, it’s likely from mining or from donations.
• Is Dogecoin worth investing in?
That’s not a question we can answer. No matter the asset, it’s always important to do the proper research to decide if investing is the right move for you.
• Are we in for a new Dogecoin revolution?
Only time will tell. Our guess? Probably not. But hey, you never know!
Conclusion
No matter what, Dogecoin’s unexpected renewal and money-making success this week has been truly a wild ride. Who knows what the future holds? But whether or not you’re ready to invest, we’re sure this story will be remembered in crypto history books for many years to come.
