Dogecoin Surges 400% In A Week, Hits 44 cents Per Coin

Dogecoin, a cryptocurrency favored by meme lovers, crypto subreddits and Elon Musk, has achieved a mind-boggling feat this week, growing over 400 percent to reach the 44 cent mark.

The Doge-themed cryptocurrency started the week by trading at approximately 7 cents a piece before adding some 70 percent to climb to 12 cents by Wednesday and skyrocketing to over 40 cents per coin on Friday.

On Thursday, when the coin was trading just a bit under 14 cents, Musk tweeted a reference to the meme-inspired currency – something that he frequently did in late January 2021, when Dogecoin, aided by /r/SatoshiStreetBets and /r/WallStreetBets subreddits, grew from one cent to five cents.

Doge Barking at the Moon pic.twitter.com/QFB81D7zOL

— Elon Musk (@elonmusk) April 15, 2021

The Thursday tweet was followed by a spike to 18 cents, and then to 27 cents and then – on the next day – to a whopping 44 cents per coin, up from half a cent at the start of the year.

This development revitalized the hype around Dogecoin, with users on Twitter, Reddit, TikTok and seemingly everywhere else posting about the surge that took even some of the staunchest Dogecoin believers by surprise.

#DogeCoin is now worth more than a dime in the United States pic.twitter.com/APfxXcCYmG

— Crypto News🚀 (@CryptoCuIture) April 14, 2021

I love it here #dogecoin pic.twitter.com/cZ3cyYhMzv

— Chantel Jeffries (@ChantelJeffries) April 14, 2021

Im not jealous about dogecoin I am not jealous about dogecoin I am not jealous about dogecoin I am not jealous about dogecoin #doge

— Dave Portnoy (@stoolpresidente) April 16, 2021

At the time of the writing, Dogecoin was trading at about 36 cents, with users who were hyping Dogecoin to 25 cents just a few days ago already setting new 50 cent and even full dollar goals for their favorite altcoin.