DogeCoin just hit 25 cents: Why that has the internet excited
Daniel Van Boom, provided by
April 16, 2021
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To the moon.CBSI/CNET
DogeCoin, initially designed to parody cryptocurrencies, reached a milestone this Thursday when the price soared to over 25 cents, the first time the cryptocurrency exceeded 25 cents in value. The market cap of DogeCoin which started as a joke and is literally classified as a memecoin is currently just over $33 billion.
It s the culmination of a semi-ironic movement that s involved thousands of buyers, tens of thousands of online posters and the world s richest man, Elon Musk. Just like the Wall Street Bets Reddit community rallied around pumping the GameStop stock up to $1,000-per-share (it got up to $483, short of the goal but a dramatic spike from the 52-week low of $3.77), cryptocurrency communities became attached to the idea of sending DogeCoin to 10 cents. Now it s soared past that goal and then some.