Dogecoin Rockets Towards ‘The Moon’ — Meme Cryptocurrency Nears 70 Cents As Rally Continues

Dogecoin Rockets Towards ‘The Moon’ — Meme Cryptocurrency Nears 70 Cents As Rally Continues

Share to Linkedin The value of dogecoin soared to nearly 70 cents Wednesday morning as enthusiastic online traders continue to pile in on the 'joke' cryptocurrency, making it the fourth most valuable cryptocurrency and bringing the longtime goal of $1 a token within reach ahead of dogecoin champion Elon Musk's anticipated appearance on Saturday Night Live this weekend. Dogecoin is the fourth most valuable crypto token by market cap At the time of writing, dogecoin was trading at around $0. 67 a coin—down slightly from an all time high of $0. 69 earlier this morning. The price per token was up 37% from this time the previous day, and has risen 147% over the past week. Dogecoin's market cap now sits at around $86. 7 billion, up from $69 billion yesterday. At its current value, dogecoin is worth more than food and drinks giant Mondelez, FedEx and British American Tobacco. Trading app Robinhood crashed Tuesday when a spike in dogecoin prompted high levels of user activity, prompting outcry from frustrated users given that this is second time this has happened. Tesla CEO Elon Musk, a longtime fan of dogecoin, is hosting Saturday Night Live this week. The billionaire has whipped