Dogecoin Price Surge Sparks Wave of Memes as Investors Celebrate Spike
- Date: 16-Apr-2021
- Source: Newsweek
- Sector:Financial Markets
- Country:Middle East
Dogecoin Price Surge Sparks Wave of Memes as Investors Celebrate Spike
Dogecoin investors are celebrating the cryptocurrency's boost by sharing memes on social media, naturally.The meme-inspired cryptocurrency's value has shot up by around 80 percent over the last 24 hours and was up by 85 percent at 3 a.m. on Friday. Dogecoin reached an all-time high of $0.298316 late on Thursday night.Dogecoin emerged in 2013 as a joke when Jackson Palmer and Billy Markus transformed the doge meme into a cryptocurrency to satirize the growing popularity of altcoins, according to Coindesk.Co-founder Billy Markus told Newsweek in March that dogecoin "was made in about three hours, with the bulk of that time customizing the look of the client. If I couldn't make it use the Comic Sans font, I wouldn't have released it!"There is no upper cap on the potential supply of the dogecoin currency, unlike Bitcoin, for example, which has a cap of 21 million tokens available to be mined.Now, those who took a chance on the meme currency are celebrating dogecoin's boost while hoping that it will eventually surpass bitcoin.Twitter user @officialnazimm said: "The ultimate goal of #doge" and attached a meme of thousands of fish formed to create one huge fish, marked Doge, eating a shark, marked bitcoin.Twitter user