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Dogecoin Jumps 50% as Crypto Animal Spirits Kick Into High Gear

From bnnbloomberg.ca

Animal spirits are alive and well in the cryptocurrency world. Dogecoin, boosted by the likes of Elon Musk and Mark Cuban, was up more than 40% as of 9:50 a.m. in New York Tuesday to trade around 58 cents, according to CoinMarketCap.com prices. The advance has pushed its value to almost $75 billion. Ether -- the second-largest cryptocurrency after Bitcoin -- tacked on 12% to also hit an all-time high. The rallies defied easy explanation and continued a trend that’s seen the value of all digital tokens surge past $2.25 trillion. Doge, created as a joke in 2013, has been used in marketing gimmicks, the latest by the ... (full story)

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