Photographer: Yuriko Nakao / Getty Images
Photographer: Yuriko Nakao / Getty Images
Dogecoin rose to an all-time high on Sunday, while Elon Musk tweeted “Who let the Doge out” in the middle of the rally.
Shiba Inu-themed digital currency surpassed 8 cents for the first time, just a week after falling to 2.5 cents and causing a I cried on Reddit. It rose 53% in the last 24 hours to 8.2 cents from 5:45 p.m. Sunday in New York, according to CoinMarketCap data, with a recent record of 7.8 cents released in late January.
It now has a market value of $ 10 billion, making it the eighth largest cryptocurrency.
The price bounced back last week Elon Musk, co-founder of Tesla Inc., returned from his self-imposed pause on Twitter to post a series of tweets promoting Dogecoin.
Started as a joke in 2013, Dogecoin has been experiencing a new popularity on social media, driven by the speculative frenzy of retail investors.
Bitcoin also rallied this week, breaking the record for $ 40,000, before stopping earnings.
(Updates with a new record price.)