Dogecoin was nonetheless a long way off from the $1 mark even after its early-morning spike. The coin – which was started as a joke in 2013 – was trading at about 5.5 cents as of 7:22 a.m., 7.6 p.c increased than a day earlier but roughly 36 % below the all-time peak of 8.7 cents it reached final month.
“The real worth is in as we speak’s meme-driven tradition and doge represents the network worth of memetics, which may prove to be enormous. If sooner or later, the DOGE neighborhood decides to implement a burn or new provide mechanism, via a protocol exhausting fork, then this worth may have a higher likelihood of being retained long-term.”
In principle, it appeared like a creative resolution for Atlas to maximise its returns. By offering energy to close by residents and mining Bitcoin (CCC:BTC-USD), the power would offer a two-for-one revenue stream. Nonetheless, there was one lingering problem: mining Bitcoin is incredibly power intensive, ethereum price prediction 2025 sparking much debate about its environmental footprint.
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