See also: How to Buy Dogecoin
Dogecoin (DOGE), a cryptocurrency that originated as a joke, has surged 62% at press time to trade at $0.0132 early Thursday.
The surge comes despite the overall bearish cryptocurrency sentiments, with Bitcoin (BTC) trading 0.6% lower at $31,558.26 at press time.
See also: Today’s Dogecoin Price
Reddit community r/SatoshiStreetBets is calling for users to pump the joke cryptocurrency in a manner similar to r/WallStreetBets’s short squeeze of stocks like GameStop Corp. GME, AMC Entertainment Holdings Inc. AMC, Nokia Oyj NOK, and BlackBerry Ltd. BB.
This isn’t the first time that the joke cryptocurrency would be surging through such coordinated efforts. Tesla Inc. TSLA CEO Elon Musk has often sent the cryptocurrency soaring with his tweets.
An adult film star tweeting about Dogecoin earlier this month also led to a 125% surge at the time.
DeFi cryptocurrencies are also shooting for record highs, despite the Bitcoin slump.
Photo by Dogeloverforever on Wikimedia
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