Doge Coin Versus Venerable Bitcoin, Is The Thrill Gone From Dogecoin? (US CDS 1Y Rises Again On Democrat Failure To Control Budget)

Is the thrill gone from Dogecoin?

In the crazy world of Cryptocurrencies, two “coins” stand out: the venerable Bitcoin and Billy Markus and Jackson Palmer’s Dogecoin (aka Dog Coin based on a Shiba Inu dog.

After a jolt of popularity, likely related to Elon Musk’s tweets, dogecoin has dropped -46.5% since November 1, 2022 while Bitcoin has gained 34% over the same period.

In the highly volatile world of cryptos, XRP is today’s leader at +4.81%. Today’s biggest loser is Polygon at -2.31%. Dogecoin is down almost -1% while Bitcoin is up slightly.

With Washington DC completely out of control (see the Durham report on the attempted coup by Hillary Clinton, Adam Schiff, Liz Cheney, etc., the FBI. CIA and the rest of the Deep State), don’t be surprised if dim bulbs like Liz Warren and AOC try to make alternatives to the US Dollar illegal.

Speaking of DC being out of control, the CDS for the US rose again on the failure of Biden/Yellen/Schumer to agree on a sensible Federal budget.