Dogecoin has set a new record as its value showed a jump of 112.89 percent in the last 24 hours. As of now, its value is $0.29. Just two days back it was valued at $0.10.
Dogecoin was created by programmers Jackson Palmer and Billy Markus in 2013 but it never took off until Tesla and SpaceX CEO Elon Musk tweeted about it last year. He had tweeted, “Dogecoin is the people’s crypto.” The tweet sent its value higher by 75 percent.
Like any other cryptocurrency, Dogecoin can be exchanged for goods and services at platforms where it is accepted. One can also convert it to fiat currency like the US dollar. In case you are thinking of buying Dogecoin, you can buy it on different platforms such as Coinbase and Robinhood.
In a related story from the past, A TikTok video had gone viral in July 2020 which claimed that it had increased the the price of Dogecoin by 20%. The video by James Galante, asked the viewers of the video to invest $25 each in Dogecoin, and just wait till its value rises from $0.0023 to $1. The video was named “Let’s all get rich.”