It now has a market value of US$10 billion, making it the 8th-biggest cryptocurrency.
Elon Musk @elonmusk???? Who let the Doge out ????Sent via Twitter for iPhone.
The price recovered over the past week after Tesla Inc. co-founder Elon Musk returned from his self-imposed Twitter break to send a series of tweets promoting Dogecoin.
Started as a joke in 2013, Dogecoin has been riding a wave of newfound popularity on social media, powered by the speculative frenzy of retail investors.
Bitcoin has also rallied this week, topping a record of US$40,000, before paring gains.
Scroll to continue
