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Dogecoin Is Scaring Investors. Here’s Why.

April 16, 2021

Dogecoin has spiked 400% in a week, making it one of the top 10 digital currencies and stoking fears of a potential bubble in the cryptocurrency market, CNBC reports.

Created in 2013 by software engineers Billy Markus and Jackson Palmer, the cryptocurrency was initially intended to be a playful joke based on the popular “Doge” meme and serve as an alternative to Bitcoin. The meme depicts a Shiba Inu dog with a sly expression and serves as Dogecoin’s signature logo.

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