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Bitcoin parody Dogecoin that was only invented to mock cryptocurrency is now worth more than $6 billion

From the-sun.com

Dogecoin was originally invented as a "fun version of bitcoin" in 2013 by software engineers Jackson Palmer and Billy Markus and a single coin was worth just $0.005405 at the start of 2021. But the price has risen by around 300% to $0.057 (£0.041) over the past 24 hours. It comes after a bunch of Reddit threads called for the cryptocurrency to hit a value of $1 per coin. The target was an attempt to mirror the recent share surge in heavily shorted companies like GameStop, which forced trading app Robinhood to restrict buying activity. Dogecoin's value did fall this morning when it reached $0.037 (£0.027) as investors ... (full story)

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