Crypto Craze Fuels Dogecoin Rise from Joke Token to $50 Billion | NBB News

Dogecoin, boosted by the likes of Elon Musk and Mark Cuban, rallied roughly 180% Friday, in keeping with, reaching a market worth of greater than $48 billion. It’s now up 18,000% from a yr in the past when it traded for $0.002 and was price about $250 million.

Doge’s surge is a part of an increase in altcoins, a time period for all of the digital tokens which have sprung up in imitation of Bitcoin. Like most of them, its use case is proscribed, making it a device for speculators and elevating concern {that a} bubble is inflating in a crypto world now price greater than $2.25 trillion.

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