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Dogecoin is on fire, gaining 20% in a few hours

Dogecoin pump

Dogecoin pump

Doge hodlers woke up to a nice surprise this morning, their favorite currency appreciating over 20%

Dogecoin has seen its price rise this weekend as Bitcoin went past the $60K level and Musk suggested that it would be “going to the moon very soon” in a recent tweet.

Doge (DOGE-USD) reached a high of $0.078 after a 20% increase from its 24-hour low of $0.0625. The coin is currently priced at $0.074, up 1,300%+ from this year’s low of $0.0048 in January.

The history of Doge

Dogecoin was co-founded by IBM software engineer Billy Markus from Portland, Oregon, and Adobe software engineer Jackson Palmer, who set out to create a peer-to-peer digital currency that could reach a broader demographic than Bitcoin. In addition, they wanted to distance it from the controversial history of other coins. Dogecoin was officially launched on December 6, 2013, and within the first 30 days, there were over a million visitors to Dogecoin.com.

Needless to say, investors over at /r/Dogecoin were very pleased with the bullish action.

Wow, such pump! So amaze.

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