Elon Musk’s meme cryptocurrency Dogecoin is on a rise, can be next Bitcoin

Only few weeks back, people were making memes about Dogecoin. Seems like it is having the last laugh. The surge is incredible given that one Dogecoin was less than a cent at the start of this year.

Only few weeks back, people were making memes about Dogecoin. Seems like it is having the last laugh. The cryptocurrency made popular by Tesla chief Elon Musk, has reached an all-time high after a 70.22 per cent in the last 24 hours, the highest ever surge it has seen. This take Dogecoin’s current value to $0.122680 or almost 12 cents. The market cap of Dogecoin, literally listed as a ‘memecoin’, is now over $14 billion. The surge is incredible given that one Dogecoin was less than a cent at the start of this year. It shot up to 7.5 cent before going down to 2.5 cents. Dogecoin spent last few months between three and seven cents range. However, the crypto got another boost on Sunday when its price began to rise again, before smashing the 10-cent milestone. According to a report published by stock market news site Benzinga on Tuesday, the cryptocurrency soared to nearly 1,900 per cent since the beginning of 2021. It is also the biggest trend on Google right now. The jump is significant given that Bitcoin has seen a surge of 117.47 percent during the same period.