Dogecoin’s price has spiked to $0.35, an increase of 12% in the past 24 hours, as social media influencers continue to throw their support behind the Internet’s most valuable Shiba Inu dog.
Dogecoin, a cryptocurrency that was originally created as a joke, now has a market cap of almost $46 billion, making it the sixth-largest cryptocurrency. Its weekly jump of 24.5% makes it the second best-performing cryptocurrency. It’s just behind Bitcoin Cash, a Bitcoin hard fork, that recorded weekly gains of 24.8%.
