Dogecoin Exceeds $11 Billion Market Cap as Coinbase Launches IPO

The cryptocurrency that started as a joke in 2013 based on a Shibu Inu meme gained 54% Tuesday to reach a value of $0.11, making each Dogecoin worth more than a full U.S.

Doge started the day at 0.07.

“One of the things that’s interesting about doge is that whenever there’s kind of excitement around cryptocurrency, people who don’t really know a lot about cryptocurrencies get pulled into the doge ecosystem,” said Adam Levine, managing director of podcasts and audio at Coindesk, in a Business Insider article.

Of course, celebrity endorsements on social media don’t hurt.

Experts told Business Insider that “momentum” could send Dogecoin even higher as the crypto market continues to gain.

The listing is by far the biggest yet of a cryptocurrency company, with the San Francisco-based firm saying last month that private market transactions had valued the company at around $68 billion this year, versus $5.8 billion in September.

Still, as the listing by selling dealer Worldwide Vintage Autos notes, this was indeed a rare Jeep.

Some supporters of the stock pointed to a late-Tuesday announcement that the company was voluntarily paying back $216 million in debt early as a catalyst for the gains.

Every major direct listing has so far opened significantly above its reference price, with Roblox shares debuting at $64 each –- 42% higher than the number set by the exchange.Coinbase shares changed hands at a roughly $90 billion valuation in early March, Bloomberg News reported at the time, in what was one of the last chances for investors to trade its private stock before the company went public.Digital Currency Group founder Barry Silbert, who’s built an empire that spans the crypto world, tweeted Tuesday that his shares would definitely not be changing hands at the reference price, in an early sign that the stock was set for a pop at the open.Direct listings are an alternative to a traditional initial public offering that has only been deployed a handful of times.

Unfortunately, you can’t actually play a PS5 game from an external drive, because PS5 games “are designed to take advantage of the console’s ultra high-speed SSD.” You also can’t download a game directly to an external drive — it needs to be downloaded to the console and copied over once the download is complete.

The national security threats that top intelligence officials laid out for lawmakers on Wednesday were dominated by China’s efforts to expand its global influence and the “cascading crises” and “looming disequilibrium” facing the Biden Administration as existing security challenges are exacerbated by the fallout from the coronavirus pandemic.

import prices increased more than expected in March, lifted by higher costs for petroleum products and tight supply chains in the latest data to show inflation is heating up as economies reopen.

Treasury yields weighed on bullion’s appeal, while investors awaited speeches by several Federal Reserve officials in the wake of data showing higher inflation.

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