Dogecoin Price Surge Sparks Wave of Memes as Investors Celebrate Spike

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