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DogeCoin hit 60 cents: What's behind the latest surge

From cnet.com

DogeCoin started as a parody of cryptocurrencies, but Tuesday's rise in price is no joke. The altcoin hit a record 60 cents on Tuesday, flying past its previous high of 43 cents, though it's now stabalized around 55 cents. Even if DogeCoin was only briefly over 60 cents, it's still a new milestone in DogeCoin's miraculous 2021. Back in January, when each token was worth around 1 cent, Doge devotees had dreams of the coin hitting 10 cents in value. The price of DogeCoin started ticking up over the weekend. Tesla CEO Elon Musk is Doge's highest-profile supporter, and his tweets related to the cryptocurrency tend to ... (full story)

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