Sunday , May 16 2021
Home / FT Alphaville / If you believe, they put a Dogecoin on the moon

If you believe, they put a Dogecoin on the moon

Summary:
Dogecoin — the crypto token that was started as a joke and that is the favourite of Elon Musk — is having a bit of a moment. And when we say a bit of a moment, we mean that it is on a lunar trajectory (in crypto talk: it is going to da moon). At the time of writing this, it is up over 200 per cent in the past 24 hours — more than tripling in value (for those of you who need help on percentages, it is Friday afternoon after all). Over the past week it’s up more than 550 per cent (almost seven times higher!).Here’s a chart to show you what that looks like (thanks to Jamie “Spreadsheet”/”Loves A Good Pun” Powell for drawing it up): So what’s going on? Well we did a quick inbox search — when bitcoin is mooning we are always inundated with “expert analysis” from shills.

Topics:
FT Alphaville considers the following as important:

This could be interesting, too:

Tyler Cowen writes Lies vs. silence?

Global Economic Intersection Analysis Blog Feed writes A Brief History Of The Buy-to-Build Indicator

Tyler Cowen writes Saturday assorted links

Greg Mankiw writes Testing the Mill Hypothesis

Dogecoin — the crypto token that was started as a joke and that

FT Alphaville
FT Alphaville is a free daily news and commentary service giving finance professionals the information they need, when they need it. In a world where market professionals are inundated with information there is a pressing need to edit and filter, and hopefully sow a few ideas along the way. That’s where the FT Alphaville team comes in.

Leave a Reply

Your email address will not be published. Required fields are marked *