Dogecoin surpasses Porsche, trader transforms $160 into $5.6M, and more: Hodler’s Digest, Nov. 24 – 30

Hey there! Ready for some crypto news? Well, Dogecoin is on fire! It managed to overtake Porsche in market cap recently, thanks to Elon Musk’s cheerleading and the possibility of an exchange-traded product. This meme coin has been gaining momentum for a while now, with a 175% increase in the last month, reaching a market cap of $57.8 billion. Impressive, right?

Then there’s ZachXBT, who’s diving into some shady business. Allegedly, a former Fortnite pro and blockchain expert is involved in a $3.5 million memecoin scam. Yikes! These schemes are getting pretty wild, folks.

Moving on to Bitcoin, it’s been making headlines as well. CME futures hit $100k for the second time recently, and people are wondering if the spot price will follow suit. Exciting stuff happening in the world of crypto!

But here’s something that might blow your mind. A Solana memecoin trader turned a mere $160 investment into a whopping $5.6 million. How, you ask? By snagging some tokens related to a viral meme. Talk about hitting the jackpot!

Unfortunately, it’s not all sunshine and rainbows in the crypto world. Hackers managed to steal $71 million in November alone, adding to the $1.48 billion taken throughout the year. This is definitely a reminder to stay vigilant and secure your assets.

Wrapping up the week, Bitcoin is at $97,414, Ether at $3,591, and XRP at $1.76. The total crypto market cap is sitting at $3.39 trillion. Quite the rollercoaster ride, isn’t it?

And before we go, here are some memorable quotes from the week. CZ from Binance thinks meme coins are getting out of hand, while Avidan Abitbol emphasizes the importance of privacy with Bitcoin and Ethereum. Mitchell Amador warns about the vulnerability of the industry to cyberattacks, and Pav Hunda is keeping an eye out for exciting movements in the market.

That’s all for now, folks. Stay safe out there in the crypto jungle!