Dogecoin suddenly leaped to the eighth-most valuable cryptocurrency on the planet Sunday after Tesla co-founder Elon Musk tweeted: “Who let the Doge out?”
The digital coin with a Shiba Inu theme hit its highest value ever at 8.2 cents a coin Sunday evening, Bloomberg reported. Its previous record in late January was 7.8 cents.
A week ago, Dogecoin was valued at just 2.5 cents. According to data tracker CoinMarketCap, it rocketed more than 53% in a 24-hour period ending Sunday, to a market value of $10 billion.
The zooming value was the latest indication that traded values aren’t as reasonable as Wall Street denizens …
Source: Business – News, Opinion and Analysis
