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DogeCoin, initially designed, reached a milestone this Thursday when the price soared to over 25 cents, the first time the cryptocurrency exceeded 25 cents in value. The market cap of DogeCoin — which started as a joke and is literally classified as “ ” — is currently just over $33 billion.
It’s the culmination of a semi-ironic movement that’s involved thousands of buyers, tens of thousands of online posters and the world’s richest man, Elon Musk. Just like the Wall Street Bets Reddit(it got up to $483, short of the goal but a dramatic spike from the 52-week low of $3.77), cryptocurrency communities became attached to the idea of “sending” DogeCoin to 10 cents. Now it’s soared past that goal and then some.