Presently, Bitcoin, Dogecoin, and Ethereum are the three biggest cryptocurrencies that have gained the attention of almost every investor. These digital currencies are having healthy yet competitive faceoffs in the crypto market. Despite having almost the same amounts of pros and cons, the investors often get perplexed about selecting the currencies for their respective investments. In this article, we will provide you with a comparison of Bitcoin Vs Dogecoin Vs Ethereum by going through their recent trends in their values.
Undoubtedly, the most valuable and successful cryptocurrency right now in the crypto market is Bitcoin. It came into existence in 2009 when Satoshi Nakamoto created it. No currency has ever reached this high as Bitcoin. It proved itself to be one of the biggest digital currency to exist in the world. In 2021 only, the prices of this currency witnessed a hike of around 89%. It totals $54,000. Though it has always been the top currency considering its good value, this year it broke all the records of the last attained maximum values.
This year in mid-April, Bitcoin’s price skyrocketed and reached its highest value of $65,000. However, where this valuable coin experienced a sudden hike, the prices fell down later a month as well. Yes, in May precisely on 19-20, the entire crypto market faced a crash and as a result, the currency stoops down around 18%. As of now, Bitcoin’s value is 58,554 which would be 43,18,426 in INR. To earn a bitcoin, a person can mine along with purchasing the coins. While you can also swap your existing currency with this one.
After Bitcoin, comes Ethereum which stands at the second position in being the valuable currency in the world. The decentralized coin got its launch in 2005 and has its native token ‘Ether’. To make any transaction happen, investors use Ether. Talking about Ethereum’s price statistics for this year, it witnessed an increment of 343%. With that, the Ethereum current value is $3,300. Its market cap was around $410 billion on the 8th of May. Though, a day before, on May 7th, the digital currency saw an all-time high of $3,610.04. Besides, the currency has the tag of most-actively used cryptocurrency.
Unlike other currencies, the creation of Dogecoin is a bit different. In 2013, Billy Markus and Jackson Palmer had invented it after getting inspired by a meme. Yes, a Shiba Inu dog meme had drawn the founder’s attention and thus, the crypto coin got invented. It gives equal competition to the aforementioned currencies. After a tweet of the CEO of Tesla Motors Elon Musk, the meme currency achieved its maximum value of all time. It saw a 7,800% increase in the value.
However, the prices are going down after Elon Musk’s statement in a Saturday Night Live show’s debut. It witnessed a fall of about 29.5 percent. Currently, the value of one Dogecoin in the cryptocurrency market is 54 cents. While around 129 billion coins are circulated in the entire world at this time. As per the crypto experts prediction, this Virtual currency will also mark a hike in the coming years