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Dogecoin surges to record high, up almost 300% in a week

Reuters2021-04-17

April 16 (Reuters) - The Dogecoin cryptocurrency surged more than 90% to a record high on Friday, putting its gain for the week at almost 300%.

The latest rally in Dogecoin came two days after billionaire Elon Musk tweeted, "Doge Barking at the Moon", accompanied by an image of Spanish artist Joan Miró's painting, "Dog Barking at the Moon."

The Tesla chief executive has previously tweeted about Dogecoin, which is based on a popular internet meme. On Feb. 4, Dogecoin surged over 60% after Musk tweeted about it.

It last traded at about 34 cents after reaching as high as 45 cents, according to data on blockchain and cryptocurrency website Coindesk. So far in 2021, Dogecoin has surged over 7,000.

Dogecoin was created largely as a satirical critique of the 2013 crypto frenzy, and it can be bought and sold on digital currency exchanges.

(Reporting by Noel Randewich Editing by Alistair Bell)

((noel.randewich@tr.com; (415) 677 2542, Twitter: @randewich;))

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Comment14

  • Whateverrr
    ·2021-04-18
    Supply and demand. 
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    • Kuanwei
      shiba inu
      2021-06-05
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  • LukeAng
    ·2021-04-18
    Thanks
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  • MyQin
    ·2021-04-17
    Observable~
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  • Whateverrr
    ·2021-04-17
    Woof woof! Comment PLS 
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    • Whateverrr
      Comment on my comment hehe
      2021-04-17
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  • VernardChin
    ·2021-04-17
    Missed out on this when price $0.08. 
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    • Chris_3219
      high risk but fast money
      2021-04-21
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    • Whateverrr
      Don't think it'll be valued in the long run.
      2021-04-18
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  • LEEQX
    ·2021-04-17
    Wow 
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    • LEEQX
      Please do comment :)
      2021-04-17
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  • fengfeng99
    ·2021-04-17
    Like
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  • Monnie13
    ·2021-04-17
    Like and give comment
    Reply
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    • Jordathj
      Like and comment too thanks
      2021-04-17
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  • Frozenfeel
    ·2021-04-17
    Like 
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  • JAMKKT
    ·2021-04-17
    OMG
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    • Kalllll
      Nice
      2021-04-17
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  • Jassss
    ·2021-04-17
    Like and comment pls. 
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  • HappyTrader
    ·2021-04-17
    [財迷] 
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  • LimLS
    ·2021-04-17
    Started as a joke. Now being hype up. Hopefully it's not a pump and dump. 
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  • 老鼠林
    ·2021-04-17
    another new high
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