Dogecoin Joke Cryptocurrency Spikes As r/WallStreetBets Redd

Dogecoin Joke Cryptocurrency Spikes As r/WallStreetBets Redditors Troll Hedge Funds


Dogecoin Joke Cryptocurrency Spikes As r/WallStreetBets Redditors Troll Hedge Funds
Newsweek
1/28/2021
Jason Murdock
© Yuriko Nakao/Getty
In this photo illustration, visual representations of digital cryptocurrencies, Dogecoin and Bitcoin are arranged on January 4, 2021 in Katwijk, Netherlands.
The value of a meme cryptocurrency called Dogecoin rose on Thursday morning amid speculation on Reddit that it could benefit from a surge of interest in financial trading sparked by the r/WallStreetBets community this week.
Price trackers logged a sudden upwards trajectory between January 27 and January 28 as Dogecoin's value increased by more than 70 percent, reaching a peak of $0.0138 before falling to approximately $0.01, in the space of about two hours.

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