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The value of the digital asset has soared more than 800 percent in the past month to about 58 US cents a coin.
Doge Coin get its name from a popular internet meme and was created as a joke in 2013 and had typically been used as a way to tip content creators online.
It is unique from other crypto assets, as it is regarded as a much faster and cheaper way to send value along a cryptocurrency network and it is inflationary, meaning that the supply of Doge Coin is not capped and can increase over time.
Janine Grainger, the chief executive of cryptocurrency marketplace Easy Crypto, said recent interest had been fuelled by publicity campaigns from the Doge Coin community and recent tweets by Tesla-founder Elon Musk.