Dogecoin is trending to the moon ... again
Dogecoin cryptocurrency — which uses the Shiba Inu dog meme as its logo — has been trending on Twitter Thursday due to the recent success.
The trending points thanked Dogecoin for bringing financial success but also celebrated the cryptocurrency climbing day after day in value. Some posts showed that the Dogecoin value jumped to about $0.20 — which is much higher than its original value.
Recent Dogecoin success
According to CNN, Dogecoin — which started as a meme but has risen to success within the last seven years — was trading for $0.13 on Wednesday. That’s a huge climb from its initial cost of $0.0023 per coin. So people are definitely making money off the rise.
Dogecoin — like Bitcoin and Ethereum, which are other cryptocurrencies — saw a jump in value after Coinbase, an app where you can buy and sell cryptocurrency, went public this week, as I wrote for the Deseret News.