Dogecoin is rising by hundreds of percent
In just a few days, Dogecoin, with the abbreviation DOGE, has risen several hundred percent.
These are bizarre times in the world of finance. This has everything to do with the developments around GameStop. The crypto world has also been participating in that madness in recent days. Earlier today we wrote about Elon Musk who managed to light the fire with a Bitcoin listing. But not only Bitcoin is benefiting from the online madness that is currently going on.
Dogecoin, a cryptocurrency of the internet, has increased by several hundred percent in recent days. As with GameStop, calls were made on Reddit to stock up. The result is that the coin has flipped completely. It is not the first time that there has been worldwide attention for the currency. In the past, Elon Musk has indicated that he is a fan of the crypto coin. Even then a price increase was the result.
At the time of writing, Dogecoin is up just over 100 percent in 24 hours. The biggest madness seems to be over, but who knows what the weekend will bring. In addition to Bitcoin and Dogecoin, there are plenty of altcoins that piggyback on the positive sentiment. Ethereum and Ripple (XRP), among others, are in the green today.
