According to the analytical service ByteTree, the current daily income from mining Dogecoin is about $ 3.6 million, which is 4575% higher than the January 1 figure of 77 thousand.
This huge increase is due to the rise in the price of DOGE from $0.005 to $0.313 in less than 4 months.On April 18, the meme-based cryptocurrency set an all-time high of $0.45, briefly rising to the 4th position in the market capitalization ranking.
According to Coin Metrics, network fees have increased 60 times since the beginning of the year.Although they account for less than 1%income of miners.
At the same time, many experts consider the current Dogecoin price to be overvalued, pointing to the speculative excitement fanned by Elon Musk's funny tweets.
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