The price of Dogecoin, initially created as a joke, went up 56% in a day.
This growth followed Reddit's discussions on making it the cryptocurrency equivalent of GameStop. The latter is an American high street shop that sells games, consoles, and other electronics.
At the moment, the DogeCoin trades at $0.43. Many users find it would be “an incredible achievement” if the price reaches $1.
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Dogecoin Hits New Highs