Dogecoin surges 34% to push past $11 billion market capitalization egraffeo@businessinsider.com (Emily Graffeo)
Dogecoin spiked as much as 34% to $0.095896 on Tuesday.
The meme token hit an all-time high amid bitcoin and ether s record rallies.
The current bull cycle and Coinbase s public debut are generating excitement around cryptos, analysts say.
Dogecoin spiked as much as 34% to an all-time high of $0.095896 on Tuesday, bringing its total market capitalization above $11 billion, according to CoinDesk data.
The cryptocurrency that began as a joke based off of the doge meme has now rallied 1,905% this year, with help from high-profile backers like Elon Musk and Snoop Dogg.