Dogecoin, the virtual currency that started as an internet meme over seven years ago, has jumped over 85% in the last 24 hours and trades at $ 0.13. Its market capitalization is now over $ 17 billion. CNN reports: The currency has climbed over 2000% since the start of the year and has a big fan in Tesla CEO Elon Musk, whose tweets about it have occasionally pushed up Dogecoin’s value. Dogecoin has also enjoyed cult status on Reddit, where a popular group – much like the WallStreetBets group behind the GameStop rally – decided earlier this year to propel its value “to the moon.” Dogecoin has climbed over 600% as a result of this surge. The latest crypto price spike comes as Coinbase became the first major cryptocurrency company to list its shares on an American stock exchange.
Dogecoin price exceeds 10 cents to hit record high
Source link Dogecoin price exceeds 10 cents to hit record high