The run up in Bitcoin is also causing investors to buy up Dodgecoin. Gene Simmons is even buying up Dodgecoin.
“ELON Musk and investor mania today sent the prices of Dogecoin and its big brother Bitcoin to record highs on currency markets.
The Doge
cryptocurrency, a token based on an internet dog meme which started as a joke in 2013, was up 30% to a high of $0.085 (6.2pence).
Last month, it was trading at around $0.0075c (0.5pence) - an increase of some 1030%.
In the same period Bitcoin has risen a mere 25%, despite today's $5,000 surge to a record high of $44,899.
Doge's ascent has been buoyed by a wave of tongue-in-cheek endorsements from billionaire Tesla boss
Musk, rapper
Snoop Dogg and Kiss bassist Gene Simmons on
social media.”