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The Year of Crypto? DogeCoin Surged by 7,555% in 2021 and BitCoin is Now Worth Over $50,000

High risk. High reward.
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Cryptocurrencies like Bitcoin have been on the rise for years, but 2021 may very well be the year for crypto as a whole. Given its volatility, crypto growth has never been steady, but it’s always been strong. And the meteoric price surges of Dogecoin can attest to that.

What started as a meme has now increased by an unimaginable 7,555% within the last few months, no doubt thanks to social media and the irreverent influence of Elon Musk. Dogecoin is now valued at 55 cents a piece with a total market cap of $70 billion. Not bad for a former meme currency.

Meanwhile, Maker has surged by 760 percent and currently sits at around $5,200. Far from the humble value of $586 on the last day of 2020. Plenty of other cryptos have also tripled or doubled in growth: Ethereum grew by 324% and now sits comfortably at $3,346. Dash grew by 198 percent is now worth $383 a piece. Litecoin surged by 115 percent and is now worth $326.

But nothing quite takes the cake like Bitcoin, which has doubled in value at 113 percent and is now worth over $55,000. That’s just within the last four months. If you take into account Bitcoin’s value in October 2020, which was then pegged at $10,000, then the cryptocurrency has surged by 426 percent in just a six-month period.

No doubt, crypto is the paragon of high risk, high reward.

Infographic: 2021: Year of the Cryptocurrency | Statista You will find more infographics at Statista

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Anri Ichimura
Section Editor, Esquire Philippines
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