Dogecoin (DOGE), the crypto meme coin, has risen up to 80% in a day and trading volume has spiked more than 800%, as it sees a publicity surge with a familiar source.
The GameStop madness looks to have spread to the famous altcoin, $DOGE. Can the Wall Street Bets crowd make a massive push for a $1.00 Dogecoin?https://t.co/M4fpPcRRQG — Cointelegraph (@Cointelegraph) January 28, 2021
However, in a matter of hours on January 28 (Thursday), the pair added over 80% to its spot price before correcting.
The report said that the gains accompanied a similar surge in interest on social media, with Twitter activity up by more than 300%. A parody Twitter account posing as the moderator for r/Wallstreetbets queried:
“Has Doge ever been to a dollar?”
Thus, Dogecoin already has something in common with $GME, both assets having seen publicity tweets from Tesla CEO and world’s richest man, Elon Musk in recent weeks.
Gamestonk!! https://t.co/RZtkDzAewJ — Elon Musk (@elonmusk) January 26, 2021