Dogecoin Joke Cryptocurrency Spikes As r/WallStreetBets Redditors Troll Hedge Funds

Dogecoin Joke Cryptocurrency Spikes As r/WallStreetBets Redditors Troll Hedge Funds

3 years ago
Anonymous $K6XgmDN5_o

http://www.newsweek.com/dogecoin-satoshistreetbets-crypoturrency-price-rise-wallstreetbets-reddit-short-sellers-1565082

The value of a meme cryptocurrency called Dogecoin rose on Thursday morning amid speculation on Reddit that it could benefit from a surge of interest in financial trading sparked by the r/WallStreetBets community this week.

Price trackers logged a sudden upwards trajectory between January 27 and January 28 as Dogecoin's value increased by more than 70 percent, reaching a peak of $0.0138 before falling to approximately $0.01, in the space of about two hours.