As BTC breaks through the historical high of $81,500, DOGE has also seen a massive increase. Currently, Dogecoin has risen to around $0.3, a level not seen since its peak in 2021. Some traders say that in the 7 days since November 4th, Dogecoin has maintained a high rise for 6 days, and it will continue to rise, possibly breaking the historical record of $0.73 set in 2021.
Just before October 10th, DOGE was still at $0.1, and after Trump’s election victory, it unsurprisingly embarked on a soaring path. Surprisingly, its price has risen so quickly. Dogecoin’s market value has now surpassed the veteran cryptocurrency XRP, becoming the 7th largest cryptocurrency by market value. From a macro perspective, although Dogecoin’s rise has benefited from BTC’s increase, its reasons for rising will be more than BTC’s in the future, and the sustained effect will last longer. As the most successful meme coin, Dogecoin’s price fluctuations heavily rely on public opinion heat, and its imaginary “CEO”—currently the most triumphant person in the world—Musk is enjoying a lot of spotlight and success, and has been tirelessly promoting DOGE. He even named the government agency he and Trump planned to establish during the election period as D.O.G.E (Government Efficiency Department). It is widely believed that this beloved dog will soon reach the long-awaited price of $1 per coin.
For prudent investors who are optimistic about Dogecoin, mining Dogecoin is also an ideal investment method. Dogecoin is currently considered the only meme coin that can be mined. Using the ANTMINER L9 16GH to mine, the daily yield is approximately 163 DOGE, along with about 0.047 LTC. When the electricity price is 6 cents, the net daily profit is about $38, with a payback period of about 300 days. In regions with significant low electricity price advantages such as the Middle East or Russia, the net daily profit can reach about $42, with a payback period of about 280 days. Whether from the current perspective or considering a considerable period in the future, purchasing ANTMINER L9/L7 now is a very ideal investment choice!
Finally, SC MINER would like to remind everyone that all investments carry risks, so decisions should be made cautiously.
SC MINER is the world’s most renowned international mining equipment trader and a core agent for manufacturers such as Bitmain and Goldshell, with the advantage of priority sales. SC MINER’s sales team has been serving miners in dozens of countries globally since 2017, with ample experience and outstanding integrity to maximize your value!
