What made this ‘joke’ cryptocurrency surge 800% in 24 hours
The surge in DOGE came on the back of frenzied speculative trading by retail investors after the cryptocurrency got attention from a lot of users on the Reddit message board
Dogecoin or DOGE, which in 2013 was created as a joke or meme to the world’s oldest cryptocurrency, Bitcoin, surged over seven times in a span of 24 hours to hit a market capitalization of $7 billion. At this valuation, the crypto asset can figure in the list of top 100 Indian companies, and even beat the likes of Bandhan Bank, Lupin and Cadila Healthcare.
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