DOGE miner revenue

DOGE miner revenue reached a new all-time high of $1 billion

DOGE miner revenue reached a new all-time high of $1 billion. In January 2021, miners’ revenue was $108 million and it has increased tenfold to reach $1 billion, according to the most recent statistics from CoinMetrics.

The original meme currency, Dogecoin, has progressed a lot this year. Dogecoin with the backing of centibillionaire Elon Musk has set many records in this year alone. SHIB and many other meme currencies are in the market but they have to do a lot to reach the level of original meme currency. The price of DOGE almost reached the $1 mark during the bullish market in May 2021. DOGE has set a new record in the previous month.

DOGE miner revenue reached a new all-time high:

DOGE miner revenue reached a new all-time high of $1 billion, according to the data analytics website, CoinMetrics. The miners are enjoying the perks of popular meme currency mining. The worth noting thing in this news is that DOGE miner revenue has increased ten times since the start of this year. The mining revenue of Dogecoin was $108 million on January 1, 2021, which has increased ten times due to people’s interest and popularity.

DOGE miner revenue
DOGE miner revenue chart

Currently, Dogecoin is now trading at $0.168, down 0.94% in the past 24 hours and up 1.06% over the previous week. The cryptocurrency has been on a downward trend since achieving an all-time high of $0.7004 on May 8, according to CoinMarketCap statistics. Data shows that the increase in the mining revenue peaked in May when investors started to notice the original meme currency.

The Twitter account of the Tesla boss has played a major role in this achievement of DOGE. I hope that token reaches to price mark of $1 soon.

Read more here.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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