Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

Dogecoin Surges 300% By End of Week


Sat 17 Apr 2021 | 03:23 AM
Taarek Refaat

The Dogecoin jumped more than 90% to a record high on Friday, bringing its gains for the week close to 300%.

The last cryptocurrency surge came two days after Tesla's Elon Musk tweeted, "Doge Barking at the Moon," accompanied by a picture of Spanish artist Joan Miró's painting. In February, Dogecoin's price increased by more than 60% after Musk tweeted about it.

https://twitter.com/elonmusk/status/1382552587099062272?s=20

It last traded at around 34 cents after hitting 45 cents, according to Coindesk, rising more than 7000% So far in 2021., and 16376.19% year-on-year.

According to Reuters, Dogecoin launched as a "satirical critique" during the 2013 "crypto frenzy".