Business
Dogecoin rally sends alt coin to $48bn market value – Aljazeera.com
Dogecoin is now up 18,000 percent from a year ago, when it traded for $0.002 and was worth about $250 million.
While Coinbase Global Inc. captured the headlines with its market debut, the frenzy around digital tokens is taking its zaniest turn yet in the price of a token created as a joke.
Dogecoin, boosted by the likes of Elon Musk and Mark Cuban, rallied roughly 180% Friday, according to CoinMarketCap.com, reaching a market value of more than $48 billion. Its now up 18,000% from a year ago, when it traded for $0.002 and was worth about $250 million.
Doges surge is part of a rise in altcoins, a term for…
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