It was a particularly weird week for time capsules. Everybody’s trying to figure out where those 19th century coins came from, a town in Australia is debating whether they should open a 1994 capsule with old photos of Keith Urban, and one Redditor is trying to bury some dogecoins. Seriously.
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In an unusual convergence of Olympic sports, cryptocurrency, and 90s nostalgia, the Jamaican bobsled team is Dogecoin’s biggest hero this week. The team turned to the joke currency to raise money for its trip to the Sochi Olympics and, in doing so, raised the Dogecoin to Bitcoin exchange rate by 50 percent in just 12 hours.
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You probably won’t be surprised one bit to learn there’s a new Bitcoin competitor out there. A group of cryptographers just announced the creation of Zerocoin, an ultra-anonymous cryptocurrency that’s otherwise a lot like the dozens of other newly launched cryptocurrencies.
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In November this year, Bitcoin’s significant rise in value, soaring past the $1,000 mark, has certainly got plenty of people talking about it, with some hoax sites coming up that caused some Mac users to reformat their machines out of greed and ignorance. Well, being a cryptocurrency itself, it goes without saying that this is one category of items that are all set to be hot in the years to come ahead. Dogecoin could be one of them, although at this point in time, it does seem to line up to be more of a satirical dig at cryptocurrency than anything else, despite being valued at $0.00025 right now.
Cryptocurrencies will continue to be volatile, and the price would correspond with only what ordinary folks are willing to fork out. After all, the number of coins which can be mined are finite, which means it is expected that they will continue to grow in their value. Governments are not making life easy for cryptocurrencies though, as they have posed limitations and bans on financial institutions as well as their involvement with Bitcoin transactions, making the future extremely uncertain. No idea on what will eventually happen to Dogecoins, but there is a cap of 100 billion Dogecoins, which means each Dogecoin would be worth a whole lot less than (the 21 million capped) Bitcoins around.
Dogecoin Is Yet Another Cryptocurrency original content from Ubergizmo. 
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