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Dogecoin Blasts Through 50 Cents Barrier To New All Time High

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Topline

The value of dogecoin, a cryptocurrency originally invented as a joke, surged to an all time high of over 50 cents Tuesday, a landmark as enthusiastic online traders continue efforts to push the digital currency towards $1. 

Key Facts

At the time of writing, dogecoin was trading at around $0.53 a coin—a record high.

The price was up 36% from the previous day and has risen 95% over the past week. 

Dogecoin’s market cap of $69 billion places it as the fourth most valuable cryptocurrency, behind bitcoin, ethereum and Binance Coin.

At its current value, dogecoin is worth more than gaming company Nintendo, car maker Mitsubishi and bank Santander.   

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