This dogecoin chart offers the clearest explanation for the buzz surrounding the ‘joke’ crypto

This dogecoin chart offers the clearest explanation for the buzz surrounding the ‘joke’ crypto

Dogecoin, dogecoin, dogecoin!

That must be what bitcoin holders are saying, lately. Owners of the world's No. 1 crypto, like Jan from the 1970s-era sitcom, "The Brady Bunch,“ must feel as if they have been living in the shadow of a more intriguing and compelling sister crypto.

For Jan Brady, that sister was Marcia. For bitcoin, it has been dogecoin, over the past year.

The numbers tell the clearest story, dogecoin hit a record value of 45.04 cents on Friday on CoinDesk, with a 24-hour trading volume of $69,485,678,473, according to CoinMarketCap.  

Dogecoin

DOGEUSD, -10.18%

has soared 170% in the past day and has rocketed more than 7,252% so far this year, taking its market value to well over $40 billion, minting a number of millionaires on paper, eager to show off their newfound windfall in social media and announce their commitment to "hodl“ until the end.

It is a stunning move for an crypto engineered as a joke back in 2013, and now championed by billionaire Mark Cuban, who now accepts doge as payment for tickets to his NBA franchise, and Tesla Inc.